Transak, a payments infrastructure provider on Web3, announced its collaboration with Uranium.io, a Blockchain-powered uranium trading marketplace.
This partnership is designed to democratize access to uranium, an asset vital to powering the AI revolution and advancing global net-zero energy goals.
Transac partnership with uranium.
Institutional investors have historically dominated uranium trading. Entry costs can reach $4.2 million, and minimum lot sizes are 50,000 pounds. This created significant barriers to entry for retail investors.
However, uranium. It distinguishes physical uranium and uses blockchain technology. Real-world asset tokenization is the process of issuing digital tokens on a blockchain basis for physical or traditional assets such as gold, real estate, and in this case uranium.
A a report By Standard Chartered, it predicts that the real-world token asset market will reach $30 trillion by 2034. Total Value Locked (TVL) in RWA sector At the time of writing it was $7.99 billion.
According to the partnership advertisementuranium is allowed. The move enables retail investors to access a high-value market that was previously reserved for wealthy and institutional players.
Transak’s Fiat-to-Crypto on-ramp will allow users to purchase Uranium Tokens, which represent beneficial ownership of U3O8 (uranium). Purchases can be made using payment methods such as Google Pay, Apple Pay, credit cards and bank transfers. This removes traditional barriers to access to uranium trading.
Users can now purchase uranium tokens via USDC on EtherLink for less than $10, making this exclusive market available to a global audience.
“Our integration with Uranium exemplifies how technology is enabling individuals globally to participate in the trading of high-value assets previously limited to the wealthiest,” said Carlo De Luca Gabrielli, Global Director of Sales at Transac.
By tokenizing uranium and putting it on the blockchain, it provides uranium. This speeds up transactions and simplifies custody.
Furthermore, Transac said that the uranium market saw a 27% increase in acquisitions between 2022 and 2023. With the introduction of the token, the market is expected to experience greater growth.
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