Uranium.io has won Best New Product in the Innovation in Crypto & Web3 category at the Benzinga Global Fintech Awards. The tokenization platform was awarded the honor at a ceremony on November 10.
Uranium.io was recognized in the Innovation in Crypto & Web3 category for its tokenization of U3O8 (xU3O8), which brings the physical uranium market onto the Tezos blockchain. Judges were impressed with the progress uranium.io has made in extending the use cases for xU3O8 since launching its platform earlier this year.
The uranium.io platform allows users to easily buy and trade physical uranium via xU3O8. Each xU3O8 represents ownership of physical U3O8, the stable, unenriched form of uranium used for nuclear fuel. Operating on Etherlink, the EVM-compatibility layer for Tezos, uranium.io successfully bridges the multi-billion dollar traditional commodity market with the speed and transparency of decentralized finance (DeFi).
This innovation, recognized by Benzinga, enables new forms of market access and utility for a critical real-world asset. In a new development it also allows users to use xU3O8 as collateral for lending and borrowing, as seen in its integration with DeFi protocols such as Oku, powered by Morpho.
“We’re honored to have been recognized by Benzinga for this achievement,” said Ben Elvidge, Product Lead for uranium.io. “This award is a testament to our team’s vision of building a transparent and reliable bridge between vital physical commodities and the digital economy. Tokenizing uranium on Tezos is a major step forward for the RWA industry, and we are just getting started.”
The Benzinga Global Fintech Awards is a premier annual event that recognizes and celebrates the most innovative companies driving the future of finance and technology. The Innovation in Crypto & Web3 category acknowledges startups that are pushing the boundaries of blockchain technology and decentralized applications to solve real-world problems.
The choice of the Tezos blockchain is integral to uranium.io’s operations, offering robust security, low-cost transactions, and a proven track record for high-value RWA tokenization.
About uranium.io (xU3O8)
Uranium.io (xU3O8) is redefining access to one of the world’s most strategic resources. xU3O8 makes it possible to digitally own and transfer uranium using Etherlink, an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollup technology. The initiative is supported by Curzon, a global uranium trading company, and Archax, the first registered digital securities crypto exchange in the UK. xU3O8 gives you digital ownership of uranium securely stored in a regulated depository operated by Cameco, one of the world’s largest uranium providers. Through xU3O8, ownership of the uranium stored in secure facilities is digitally recorded, taking advantage of the efficiencies created by using blockchain technology.
