Uranium.io Wins Best New Product at Benzinga Global Fintech Awards for Tokenized U3O8 on Tezos

London, UK – Uranium.io, the tokenization platform bringing the uranium market on-chain, has been named Greatest New Product within the Innovation in Crypto & Web3 class on the Benzinga International Fintech Awards.

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The win, introduced on the ceremony in New York on November 10, highlights the rising intersection of real-world belongings (RWAs) and decentralized finance.

Tokenizing the world’s most strategic useful resource

Uranium.io’s award-winning product, xU3O8, represents the bodily property of uranium oxide (U3O8) – the secure, unenriched type of uranium utilized in nuclear gas manufacturing. Every xU3O8 token is backed by verified uranium reserves saved in a regulated facility operated by Cameco, one of many world’s largest uranium producers.

Working on Etherlink, the EVM-compatible Layer 2 constructed on Tezos, uranium.io transforms the as soon as opaque uranium market right into a clear, accessible and tradable digital ecosystem. The platform permits customers to purchase, commerce, and even use uranium as collateral for DeFi lending and borrowing, successfully merging one of many world’s oldest commodities with the velocity and transparency of contemporary blockchain infrastructure.

Pushing the boundaries of real-world belongings

The Benzinga jury praised uranium.io for pushing the boundaries of blockchain past typical tokenized belongings like gold or actual property. By anchoring uranium onchain, the platform opens a brand new chapter for institutional commodity buying and selling – one that’s accessible, compliant and globally interoperable.
“We’re honored to have been acknowledged by Benzinga for this achievement. This award is a testomony to our staff’s imaginative and prescient to construct a clear and reliable bridge between very important bodily commodities and the digital economic system. Tokenizing uranium on Tezos is a serious step ahead for the RWA trade – and we’re simply getting began.”

Ben Elvidge, product chief at uranium.io
By means of its current integration with Oku, a lending and borrowing protocol powered by Morpho, uranium.io unlocks new liquidity choices for token holders. xU3O8 can now be used as collateral – a primary for the uranium trade and a transparent sign that the DeFi and vitality markets are beginning to converge.

Why Tezos issues

The selection of the Tezos blockchain – recognized for its sturdy monitor document of tokenizing real-world belongings – was central to uranium.io’s success. Tezos affords excessive safety, low prices and superior sensible rollup know-how, making it ultimate for establishments coping with high-value and controlled belongings.

By leveraging Tezos’ Etherlink Layer 2, uranium.io ensures compliance and effectivity on the institutional stage, whereas sustaining seamless interoperability with the broader EVM ecosystem.