Transak and uranium.io have partnered to make uranium trading accessible to retail investors. The collaboration, shared with crypto.news, aims to democratize access to an asset class previously limited to institutional investors. Historically, uranium trading has required a minimum investment of $4.2 million for 50,000 pounds. The new platform, uranium.io, built on Tezos ( XTZ ) and Etherlink blockchain technology, reduces the minimum purchase to just $10. Transak’s fiat-to-crypto on-ramp enables users to purchase uranium tokens using common payment methods such as Google Pay, Apple Pay, credit cards, and bank transfers. You might also like: Ledger co-founder David Balland released after kidnapping: report Tokenization via Transak These tokens represent ownership of physical uranium stored in Cameco’s regulated depository. The move comes as governments set net-zero carbon emission targets and AI development increases global energy demand. Nuclear power, which uses uranium as fuel, is increasingly seen as a potential solution to these challenges. Carlo de Luca Gabrielli, Global Director of Sales at Transak, stated: “Our integration with uranium.io exemplifies how technology can empower individuals globally to participate in high-value asset trading that was previously limited to the most affluent.” Uranium acquisitions increased by over 27% between 2022 and 2023 before tokenization was introduced. With this new accessibility, further growth is expected. For those unfamiliar with cryptocurrency and decentralized finance, this development allows average investors to buy small portions of uranium using familiar payment methods, much like purchasing stocks through an app. Blockchain technology ensures transparency and security in these transactions, paving the way for more inclusive and secure access to the uranium market. You might also like: Monero price could surge 140% after Tornado Cash ruling
