Trust company Hex integrates Etherlink, allowing for custody of tokenized uranium, denoted as xU3O8.
In an exciting development for the blockchain industry, Hex Trust, a digital asset financial institution specializing in custody, staking, and markets services, has announced its support for xU3O8, a tokenized uranium asset issued on Etherlink, a high-performance Layer 2 network built on Tezos.
Ben Elvidge, Head of Commercial Applications at Trilitech, the R&D adoption hub working on the Tezos blockchain platform, expressed his excitement about this collaboration. He believes that Hex Trust's involvement will bridge the gap between traditional finance and digital assets, making it easier for institutions to engage with the evolving landscape of real-world asset tokenization.
xU3O8 represents uranium ore concentrate, a physical commodity traditionally requiring multimillion-dollar investments. By tokenizing it on Etherlink, the asset offers improved liquidity, pricing transparency, and lower investment barriers, allowing purchases starting at $10+ through crypto or credit cards.
This move advances the tokenization of physical commodities, specifically uranium, by providing a regulated, compliant, and secure way for institutional investors to hold and manage uranium-backed digital assets on blockchain technology.
Giorgia Pellizzari, Head of Custody at Hex Trust, stated that tokenized commodities like uranium are gaining institutional interest. She believes that the potential benefits, such as enhanced liquidity and transparency, are driving this growth.
According to Ben Elvidge, uranium is a suitable asset for blockchain innovation due to its physical nature, market issues, and the potential to solve these problems with blockchain rails. Hex Trust's support for xU3O8 facilitates custody solutions for assets that bridge the gap between traditional finance and blockchain-based settlement.
Hex Trust continues to deliver secure and compliant infrastructure for tokenization, custody, and execution, with licenses in major global financial hubs including Hong Kong, Singapore, Dubai, and Italy. This development further underscores Hex Trust's role in enabling institutional access to tokenized real-world assets.
Trilitech is working with Hex Trust to connect institutional clients seeking secure custody for xU3O8 and other Etherlink-based assets. The xU3O8 token is listed across multiple exchanges, making it accessible to a wide range of investors.
With this collaboration, Hex Trust reinforces its support for the Tezos ecosystem and provides market participants with access to institutional-grade RWA (Real-World Asset) infrastructure. The integration of Hex Trust and Etherlink marks an important step in expanding blockchain adoption into commodity markets, particularly for strategically critical assets like uranium.
Ffnews.com reports that this collaboration between Hex Trust and Trilitech, centered around the Tezos blockchain platform, is set to revolutionize the finance industry by bridging the gap between traditional finance and digital assets, with a particular focus on real-world asset tokenization, like the tokenized uranium asset xU3O8.
Giorgia Pellizzari, Head of Custody at Hex Trust, sees technology playing a crucial role in this transition, as the improved liquidity and transparency offered by blockchain-based solutions are attracting institutional interest in tokenized commodities like xU3O8.
