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.
Read also:
- Experienced a 4,000-mile journey in my 2025 Lexus GX 550 on Trail, found the vehicle packed with power, yet the infotainment system exhibited a disconcerting habit of resetting my personal settings arbitrarily.
- Ford unveils affordable next-gen electric vehicles lineup
- Sustainable initiatives boosted by Veolia through financially backed eco-friendly projects
- Potential perils of artificial intelligence data facilities to American electrical infrastructure due to fire hazards.
