Transak, a Web3 payments infrastructure provider, has announced its collaboration with uranium.io, the blockchain-powered uranium trading marketplace.
This partnership is designed to democratize access to uranium, an asset that is vital to powering the AI revolution and advancing global net-zero energy goals.
Transak’s Partnership with Uranium.io Unlocks Uranium Markets
Institutional investors have historically dominated uranium trading. Entry costs could be as high as $4.2 million, and minimum lot sizes are 50,000 pounds. This created significant barriers to entry for retail investors.
However, uranium.io tokenizes physical uranium and utilizes blockchain technology. Real World Asset tokenization is the process of issuing digital tokens based on the blockchain to physical or traditional assets like gold, real estate, and, in this case, uranium.
A report by Standard Chartered predicted that the market for tokenized Real World Assets will reach $30 trillion by 2034. The Total Value Locked (TVL) in the RWA sector at the time of writing was $7.99 billion.
According to the partnership announcement, Uranium.io allows retail investors to trade uranium with a minimum investment of just $10. This move enables retail investors to access a high-value market that was once reserved for the wealthy and institutional players.
Transak’s fiat-to-crypto on-ramp will allow users to purchase uranium tokens, representing beneficial ownership of physical U3O8 (uranium). Purchases can be made using payment methods such as Google Pay, Apple Pay, credit cards, and bank transfers. This removes traditional barriers to accessing uranium trading.
Users can now purchase uranium tokens via USDC on Etherlink for as little as $10, making this once-exclusive market accessible to a global audience.
“Our integration with uranium.io exemplifies how technology can empower individuals globally to participate in high-value asset trading that was previously limited to the most affluent,” Carlo de Luca Gabrielli, Global Director of Sales at Transak, said.
By tokenizing uranium and placing it on the blockchain, uranium.io offers a more transparent, efficient, and liquid marketplace. This speeds up transactions and simplifies custody.
Moreover, Transak said the uranium market saw a 27% increase in acquisitions between 2022 and 2023. With the introduction of tokenization, the market is expected to experience even greater growth.
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