The Digital Asset Custody Firm Hex Trust has an integrated EtherLink built on Tezos with Ethereum Virtual Machine (EVM)-Compatible Layer 2, which adds institutional custody of Xu3O8, the iconic uranium asset issued over the network.
The integration is supported by Trilitech, the research and development (R&D) recruitment hub for Tezos, a developer of Tezos and EtherLink, which works with HEX Trust to connect institutional clients to XU3O8 and other etherlink-based assets, according to a Tuesday announcement shared with CointeLegraph.
“We are committed to providing a surge in exploring the world,” said Giorgia Pellizzari, director of custody at HEX Trust.
With Xu3O8 listed in multiple exchanges, users can invest in physical uranium – U308. This is a product created when uranium ore was mined and milled. This is supported by uranium trading company Curzon and the exchange of UK regulations Archax.
XU3O8 price. Source: CoinMarketCap
Related: Transak, uranium.io partnership allows users to purchase tokenized uranium cryptographically
Hex Trust expands RWA services to uranium
The addition of uranium extends Hex Trust’s Real World Assets (RWA) services to products, with strict control over institutional access and historically difficult products.
Trilitech’s director of commercial applications, Ben Elvidge, called Uranium, is known as the “perfect fit” to tokenization, citing the challenges of market access and pricing transparency.
“We can now solve both issues with blockchain rails. Having the right regulatory custodian like hex in the mix makes it much easier for an agency to soak their toes in the water,” he said.
Hex Trust is licensed in Hong Kong, Singapore, Dubai and Italy. Last year, the company announced that its major payment agency (MPI) licenses had been approved in principle by Singapore’s financial regulators.
Related: RWA Token Market will increase by 260% in 2025 as businesses accept that they regulate crypto
uranium.io brings on-chain uranium trading
Last year, uranium.io, the world’s first decentralized application for uranium trading, was launched on the Tezos blockchain in collaboration with Curzon Uranium and Archax.
The platform is designed to lower barriers to entry into the global uranium trade that was historically dominated by institutional investors. Prior to this, retail investors could only get exposure to uranium via ETFs, as direct transactions were largely limited to players in institutions with significantly significant capital.
Earlier this year, Transak partnered with uranium.io to have retail investors purchase uranium tokenized for $10 with crypto or credit card.
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