London, UK – Uranium.io, the tokenization platform bringing the uranium market on-chain, has been named Best New Product in the Innovation in Crypto & Web3 category at the Benzinga Global Fintech Awards.
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The win, announced at the ceremony in New York on November 10, highlights the growing intersection of real-world assets (RWAs) and decentralized finance.
Tokenizing the world’s most strategic resource
Uranium.io’s award-winning product, xU3O8, represents the physical property of uranium oxide (U3O8) – the stable, unenriched form of 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.
Running on Etherlink, the 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 merging one of the world’s oldest commodities with the speed and transparency of modern blockchain infrastructure.
Pushing the boundaries of real-world assets
The Benzinga jury praised uranium.io for pushing the boundaries of blockchain beyond typical tokenized assets like gold or real estate. By anchoring uranium onchain, the platform opens a new chapter for institutional commodity trading – one that is accessible, compliant and globally interoperable.
“We are honored to have been recognized by Benzinga for this achievement. This award is a testament to our team’s vision to build a transparent and trustworthy bridge between vital physical commodities and the digital economy. Tokenizing uranium on Tezos is a major step forward for the RWA industry – and we’re just getting started.”
Ben Elvidge, product leader at uranium.io
Through its recent integration with Oku, a lending and borrowing protocol powered by Morpho, uranium.io unlocks new liquidity options for token holders. xU3O8 can now be used as collateral – a first for the uranium industry and a clear signal that the DeFi and energy markets are starting to converge.
Why Tezos matters
The choice of the Tezos blockchain – known for its strong track record of tokenizing real-world assets – was central to uranium.io’s success. Tezos offers high security, low costs and advanced smart rollup technology, making it ideal for institutions dealing with high-value and regulated assets.
By leveraging Tezos’ Etherlink Layer 2, uranium.io ensures compliance and efficiency at the institutional level, while maintaining seamless interoperability with the broader EVM ecosystem.