Hex Trust has partnered with Etherlink, an Ethereum-compatible layer 2 on Tezos, to offer custody for xU3O8 — a token backed by physical uranium.
Supported by Trilitech, the collaboration will give institutions access to uranium and other commodities issued on Etherlink.
xU3O8, created by Curzon and traded on exchanges including UK-regulated Archax, represents refined uranium (U308) and opens a market traditionally limited to large institutional players.
Trilitech’s Ben Elvidge said tokenization addresses both the limited access and opaque pricing that have long characterized uranium trading.
The move comes as institutional appetite for real-world asset (RWA) tokenization continues to grow, with commodities such as gold, real estate, and now uranium being brought onchain.
Hex Trust’s head of custody, Giorgia Pellizzari, noted that tokenized commodities are drawing more interest as blockchain technology improves liquidity and transparency for assets that were once difficult to trade.
Licensed across Hong Kong, Singapore, Dubai, and Italy, Hex Trust has been steadily broadening its RWA services. Earlier this year, it received in-principle approval for a major payment institution license in Singapore, a step that could enable wider settlement options for tokenized assets.
The integration also builds on last year’s launch of Uranium.io — the first decentralized uranium trading platform — and its recent partnership with Transak. The tie-up now lets retail investors purchase tokenized uranium for as little as $10, compared to the multimillion-dollar requirements of traditional over-the-counter uranium deals.
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Source: https://coindoo.com/hex-trust-adds-custody-for-tokenized-uranium-via-etherlink/