Transak teams up with Uranium.io for tokenized uranium buys

Transak and uranium.io have teamed up to make uranium exchanges accessible to retail investors.

Collaboration, shared with Crypto.News, aims to democratize access to a class of assets previously limited to institutional investors. Historically, uranium trade required a minimum investment of $ 4.2 million for 50,000 pounds.

The new platform, uranium.io, built on Tezos (Xtz) and Etherlink Blockchain technology reduces the minimum purchase to only $ 10.

Transak Fiat-to-Crypto ramp allows users to buy uranium tokens Using current payment methods such as Google Pay, Apple Pay, credit cards and banking transfers.

Tokenization via the transaction

These tokens represent the property of physical uranium stored in the regulated Cameco deposit. This decision comes as governments set net and zero carbon emissions and the development of AI increases global energy demand.

Nuclear energy, which uses uranium as fuel, is increasingly considered as a potential solution to these challenges.

Carlo de Luca Gabrielli, World Sales Director at Transak, said: “Our integration with uranium.io illustrates how technology can allow individuals around the world to participate in an exchange of high -value assets that was previously limited to the most rich.”

Uranium acquisitions increased by more than 27% between 2022 and 2023 before tokenization was presented. With this new accessibility, additional growth is expected.

For those who do not know cryptocurrency and decentralized finance, this development allows average investors to buy small parts of uranium by using familiar payment methods, a bit like buying actions via an application .

Blockchain technology ensures transparency and security in these transactions, opening the way for more inclusive and safe access to the uranium market.