LONDON, UK — Uranium.io, a tokenization platform that brings an on-chain uranium market, has won Best New Product in the Crypto and Web3 Innovation category at the Benzinga Global Fintech Awards.
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The win, announced at a ceremony in New York on November 10, highlights the growing intersection between real-world assets (RWA) and decentralized finance.
Tokenization of the world’s most strategic products
Uranium.io’s award-winning product xU3O8 represents physical ownership of uranium oxide (U3O8), a stable, unenriched uranium used in nuclear fuel production. Each xU3O8 token is backed by verified uranium reserves stored in a regulated facility operated by Cameco, one of the world’s largest uranium producers.
Powered by Etherlink, an EVM-compatible Layer 2 built on Tezos, uranium.io transforms the once opaque uranium market into a transparent, accessible, and tradable digital ecosystem. The platform allows users to buy, trade, and even use uranium as collateral for DeFi lending and borrowing, effectively blending one of the world’s oldest commodities with the speed and transparency of modern blockchain infrastructure.
Expanding the boundaries of real-world assets
Benzinga’s review panel praised uranium.io for pushing the frontiers of blockchain beyond typical tokenized assets such as gold and real estate. By pinning uranium on-chain, the platform opens a new chapter in accessible, compliant, and globally interoperable institutional-grade commodity trading.
“We are honored to be recognized by Mr. Benzinga for this achievement. This award is a testament to our team’s vision to build a transparent and trusted bridge between critical physical goods and the digital economy. Tokenizing uranium on Tezos is a huge step forward for the RWA industry, and we are just getting started.”
Ben Elvidge, uranium.io Product Lead
With its recent integration with Oku, a lending and borrowing protocol powered by Morpho, uranium.io is unlocking new liquidity options for token holders. xU3O8 can now be used as collateral. This is a first for the uranium industry and a clear sign that DeFi and energy markets are starting to converge.
Why Tezos matters
The choice of the Tezos blockchain, known for its strong track record in real-world asset tokenization, was central to uranium.io’s success. Tezos offers high security, low fees, and advanced smart rollup technology, making it ideal for institutions handling valuable regulated assets.
By leveraging Tezos’ Etherlink Layer 2, uranium.io ensures institutional-grade compliance and efficiency while maintaining seamless interoperability with the broader EVM ecosystem.
