Uranium

Uranium (xU3O8) is a token that provides holders with fractional ownership of physical uranium ore concentrate (U3O8), also known as yellowcake. The token uses a smart contract on the Tezos blockchain to record beneficial ownership of U3O8, which is stored in a regulated uranium depository. This structure allows individuals and institutions to gain direct exposure to physical uranium without needing to manage the complexities of uranium storage, regulation, or minimum trade sizes.

Each xU3O8 token represents a share of U3O8 held in trust under English law, and ownership is updated via a dual-layer ledger: one layer for the physical holdings and another for individual wallet allocations. The physical uranium backing the token is stored securely and cannot be physically withdrawn except to another approved storage account.

The primary use of xU3O8 is to provide digital access to the physical uranium market. It allows users to:

• Own and trade fractional amounts of uranium ore concentrate
• Gain direct exposure to the price movements of physical uranium
• Avoid traditional barriers such as minimum lot sizes, which in the OTC uranium market can be as high as 100,000 lbs (~USD 8 million)
• Access uranium-linked investment without relying solely on futures, ETFs, or equities, which provide economic but not physical exposure

xU3O8 may be used for portfolio diversification, commodity investment strategies, or participation in the nuclear fuel supply chain, depending on user intent.

xU3O8 is part of a broader roadmap to digitise difficult-to-access real-world assets (RWAs). The project is enabled by a consortium of partners:

• Curzon Uranium: OTC broker supplying physical U3O8
• Archax: Responsible for tokenisation, trust structure, and custody arrangements
• Trilitech: Supports dApp development, integrations, and decentralised ecosystem infrastructure
• CEX / Distribution xPartners: Handle KYC/AML compliance, centralised exchange listings, and investor onboarding

The token operates on the Tezos blockchain, which is used to manage smart contract interactions and maintain ownership records.