Tezos will offer tokens backed by the physical uranium oxide U3O8, which is used in the production of nuclear fuel and is known as “yellowcake.” The nuclear raw materials will be stored at the facilities of Canadian nuclear fuel producer Cameco, which will provide evidence of stockpiles.
According to project participants, the launch of the platform will democratize access to the uranium market for retail investors. On traditional markets, uranium is traded in a minimum lot of 22 tons at a cost of more than $4 million. Therefore, previously retail investors could not directly invest in the asset, limiting themselves to shares of exchange-traded funds (ETFs). xU3O8 will allow you to purchase rights to an arbitrary amount of the underlying asset, while the minimum and maximum purchase amount is not limited.
Previously, Bits.Media published a review about the nature of tokenized goods and their advantages for retail investors.
Source: Bits
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