Hex Belief Provides Custody for Tokenized Uranium by way of Tezos-Primarily based Etherlink

Digital asset custody agency Hex Belief has built-in Etherlink, the Ethereum Digital Machine (EVM)-compatible layer 2 constructed on Tezos, so as to add institutional custody for xU3O8, a tokenized uranium asset issued on the community.

The mixing is backed by Trilitech, the analysis and improvement (R&D) adoption hub for Tezos and developer of Etherlink, which is working with Hex Belief to attach institutional purchasers to xU3O8 and different Etherlink-based property, in line with a Tuesday announcement shared with Cointelegraph.

“Tokenized commodities like uranium are gaining institutional curiosity as extra real-world property transfer onchain,” mentioned Giorgia Pellizzari, head of custody at Hex Belief.

Listed on a number of exchanges, xU3O8 permits customers to spend money on bodily uranium–U308, the product created when uranium ore has been mined and milled. It’s backed by uranium buying and selling agency Curzon and UK-regulated change Archax.

Associated: Transak, Uranium.io partnership lets customers purchase tokenized uranium with crypto

Hex Belief expands RWA providers to Uranium

The addition of uranium extends Hex Belief’s real-world asset (RWA) providers right into a commodity that’s tightly managed and traditionally tough for establishments to entry.

Ben Elvidge, Trilitech’s head of economic purposes, known as uranium a “excellent match” for tokenization, citing challenges in market entry and pricing transparency.

“Now we are able to resolve each issues with blockchain rails. Having a correct regulated custodian like Hex Belief within the combine simply makes it that a lot simpler for establishments to dip their toes within the water,” he mentioned.

Hex Belief is licensed in Hong Kong, Singapore, Dubai and Italy. Final 12 months, the agency introduced it had obtained in-principle approval from the Singapore monetary regulator for a significant cost establishment (MPI) license.

Associated: RWA token market grows 260% in 2025 as companies embrace regulating crypto

Uranium.io brings Uranium buying and selling onchain

Final 12 months, Uranium.io, the world’s first decentralized software for uranium buying and selling, launched on the Tezos blockchain in partnership with Curzon Uranium and Archax.

The platform is designed to decrease limitations to entry within the world uranium commerce, which was traditionally dominated by institutional buyers. Previous to this, retail buyers may solely acquire publicity to uranium by way of ETFs, as direct buying and selling was largely restricted to institutional gamers with important capital.