Uranium.io Wins Best New Product at Benzinga Global Fintech Awards for Tokenized U3O8 on Tezos
Uranium.io, a blockchain-based tokenization platform, won the Best New Product award at the Benzinga Global Fintech Awards for its product xU3O8, which tokenizes uranium oxide (U3O8). Operating on Tezos’ Etherlink Layer 2, xU3O8 represents physical uranium reserves securely stored and allows it to be traded, used as collateral, or integrated into decentralized finance (DeFi). The platform introduces transparency and global accessibility to the uranium market, traditionally opaque. This recognition underscores the expanding role of blockchain in tokenizing real-world assets (RWAs) like uranium, marking a significant advancement in merging commodities with digital finance.
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Introduction: Uranium.io's Recognition in Fintech Innovation
London, UK — Uranium.io, the tokenization platform revolutionizing the uranium market by bringing it onchain, has been awarded Best New Product in the Innovation in Crypto & Web3 category at the Benzinga Global Fintech Awards. The announcement, made at the New York ceremony on November 10, underscores the increasing intersection of real-world assets (RWAs) and decentralized finance.
Tokenizing Uranium: The xU3O8 Product
Uranium.io’s award-winning product, xU3O8, represents physical ownership of uranium oxide (U3O8) — the stable, unenriched form of uranium used in nuclear fuel production. Each xU3O8 token is backed by verified reserves of uranium stored in a regulated facility operated by Cameco, one of the world’s largest uranium producers.
Operating on Etherlink, the EVM-compatible Layer 2 built on Tezos, uranium.io transforms the traditionally opaque uranium market into a transparent and accessible digital ecosystem. The platform enables users to buy, trade, and use uranium as collateral for DeFi lending and borrowing, merging one of the most strategic commodities with the benefits of modern blockchain.
Expanding Real-World Asset Boundaries
The Benzinga judging panel commended Uranium.io for extending blockchain capabilities beyond conventional tokenized assets like gold or real estate. By anchoring uranium onchain, the platform is enabling accessible, compliant, and globally interoperable institutional-grade commodity trading.
“We’re honored to have been recognized by Benzinga for this achievement. This award is a testament to our team’s vision of building a transparent and reliable bridge between vital physical commodities and the digital economy. Tokenizing uranium on Tezos marks a significant step forward for the RWA industry, and we’re just getting started,” said Ben Elvidge, Product Lead at Uranium.io.
New Liquidity Opportunities Through Integration with Oku
Uranium.io has recently integrated with Oku, a lending and borrowing protocol powered by Morpho. This integration unlocks new liquidity options for token holders. With this development, xU3O8 can now be used as collateral — a groundbreaking first for the uranium industry. This signals the growing convergence between DeFi and energy markets.
Why Tezos Blockchain Was Key
The selection of the Tezos blockchain, widely recognized for its expertise in real-world asset tokenization, played a pivotal role in Uranium.io’s success. Tezos provides high security, low fees, and advanced smart rollup technology, making it an ideal choice for regulated and high-value institutional assets.
By leveraging Tezos’ Etherlink Layer 2, Uranium.io ensures its platform meets institutional compliance standards while maintaining seamless interoperability with the broader EVM ecosystem.