Transak partners with uranium.io to provide access to the uranium market
This partnership aims to democratize access to uranium, a critical asset in driving the AI revolution and realizing global net-zero energy goals.
Transak and Uranium.io unlock the uranium market
Previously, institutional investors dominated the uranium market. Input costs can be as high as $4.2 million, and the minimum batch is 50,000 pounds. This creates huge barriers for individual investors.
However, uranium.io has physically encrypted uranium and used blockchain technology. Real Asset Bonding is the process of issuing blockchain-based digital Tokens for physical or traditional assets such as gold, real estate, and in this case, uranium.
One report of Standard Chartered predicts that the market for tokenized Real Assets will reach $30 trillion by 2034. Total Value Locked (TVL) in RWA industry at the time of writing is 7.99 billion USD.
According to Notification In partnership, Uranium.io allows individual investors to trade uranium with a minimum investment of just $10. The move gives individual investors access to a high-value market that was previously only available to the wealthy and institutional investors.
Transak’s fiat-to-cryptocurrency terminal will allow users to purchase uranium tokens, which represent beneficial ownership of real U3O8 (uranium). Transactions can be made via Google Pay, Apple Pay, credit cards and bank transfers, eliminating traditional barriers to accessing uranium trading.
Users can now purchase uranium tokens through USDC on Etherlink for amounts starting from as little as $10, making a market once limited to a few easily accessible globally.
“Our integration with uranium.io demonstrates how technology can empower individuals globally to engage in high-value asset trading that was previously only available to the wealthiest, ” said Carlo de Luca Gabrielli, Global Director of Sales at Transak.
By tokenizing uranium and putting it on the blockchain, uranium.io provides a more transparent, efficient, and liquid market. This speeds up transactions and simplifies asset management.
Furthermore, Transak said the uranium market has seen a 27% increase in sales transactions between 2022 and 2023. With the adoption of tokenization, the market is expected to grow even stronger.
