Hex Trust Expands Custody to Tokenized Uranium on Etherlink

Digital asset custody provider Hex Trust has expanded its institutional custody offerings to include xU3O8, a tokenized uranium asset issued on Etherlink, a layer 2 network built on the Tezos blockchain [1]. This development marks a key milestone in Hex Trust’s efforts to bring more real-world assets (RWAs) onto blockchain platforms, offering regulated custody for xU3O8, which is listed across multiple exchanges [2]. The initiative is supported by Trilitech, the firm behind Etherlink and a key player in the Tezos ecosystem, which is collaborating with Hex Trust to facilitate institutional access to tokenized uranium and other Etherlink-based assets [1].

Uranium has traditionally been a challenging commodity for institutional and retail investors due to high entry barriers, limited market transparency, and regulatory restrictions. By tokenizing uranium and providing custody services through a regulated institution like Hex Trust, the market can benefit from greater liquidity and improved accessibility [1]. Giorgia Pellizzari, Head of Custody at Hex Trust, highlighted the growing institutional interest in tokenized commodities, noting that as more RWAs move onchain, such assets are becoming more attractive to institutional investors [1].

The xU3O8 token is backed by physical uranium in the form of U3O8, which is produced when uranium ore is mined and processed. The asset is supported by Curzon, a uranium trading firm, and Archax, a UK-regulated commodities exchange [1]. Trilitech’s Ben Elvidge described uranium as a “perfect fit” for tokenization, pointing to the asset’s historical difficulties in market access and pricing clarity [2]. He emphasized that blockchain infrastructure, combined with regulated custody services, can help overcome these barriers and make uranium more accessible to a broader range of investors [2].

Hex Trust operates under regulatory licenses in multiple jurisdictions, including Singapore, Dubai, and Italy, reinforcing its position as a global player in the digital custody space [2]. The firm’s move into tokenized uranium custody aligns with broader industry trends, as institutional demand for RWA tokenization continues to grow. With the support of platforms like Trilitech and the Etherlink network, Hex Trust is strengthening its infrastructure for handling tokenized commodities, further positioning itself as a key player in the emerging RWA market [1].

The integration of xU3O8 into Hex Trust’s custody ecosystem also reflects a larger shift in the financial industry, where traditional assets are being digitized and made available on blockchain networks. This shift is expected to drive greater adoption of tokenized assets across institutional portfolios, as well as create new opportunities for investors seeking to diversify into alternative commodities like uranium [2].

Source:

[1] Cointelegraph, "Hex Trust adds institutional custody for tokenized Uranium" (https://cointelegraph.com/news/hex-trust-adds-institutional-custody-tokenized-uranium-tezos-etherlink)

[2] Metaverse Post, "Hex Trust Integrates Etherlink To Provide Custody Services For Tokenized Uranium" (https://mpost.io/hex-trust-integrates-etherlink-to-provide-custody-services-for-tokenized-uranium/)