Hex Trust Expands Custody to Tokenized Uranium xU3O8 on Etherlink

Hex Trust has expanded its institutional-grade custody services to include xU3O8, a tokenized uranium asset issued on Etherlink, an EVM-compatible layer 2 solution built on Tezos. This move is part of Hex Trust’s ongoing initiative to integrate real-world assets (RWAs) into the blockchain ecosystem. The collaboration is supported by Trilitech, the research and development hub for Tezos and a key developer of Etherlink. The partnership aims to provide institutional clients with secure access to xU3O8 and other Etherlink-based assets, according to a company announcement.

xU3O8 is backed by Curzon, a uranium trading firm, and traded on the UK-regulated exchange Archax. The token represents a refined form of uranium known as U3O8 and offers investors a new way to access a traditionally opaque and inaccessible market. This tokenization allows for greater liquidity and transparency compared to traditional over-the-counter uranium trading. The asset is already listed on multiple exchanges, making it available to a broader range of investors.

Giorgia Pellizzari, Hex Trust’s head of custody, noted that blockchain technology is enhancing the accessibility and transparency of commodities that were once difficult to trade. This development aligns with a growing institutional appetite for RWA tokenization, where commodities such as gold, real estate, and now uranium are being brought onchain. Hex Trust, licensed in Singapore, Italy, and Dubai, has also received in-principle approval for a major payment institution license in Singapore, a move that could expand settlement options for tokenized assets.

Ben Elvidge, Trilitech’s head of commercial applications, emphasized that tokenization addresses key challenges in uranium trading, including limited market access and a lack of pricing transparency. The integration with a regulated custodian like Hex Trust reduces the barriers to entry for institutional investors. Etherlink plays a crucial role in facilitating the custody of xU3O8, further establishing the platform as a key infrastructure layer for RWAs on the Tezos blockchain.

The tokenized uranium initiative builds on the launch of Uranium.io, the first decentralized uranium trading platform, introduced on the Tezos blockchain in partnership with Curzon and Archax. Earlier this year, Uranium.io partnered with Transak to allow retail investors to purchase tokenized uranium using crypto or credit cards. This development significantly lowers the investment threshold, with purchases available for as little as $10—far below the multimillion-dollar requirements of traditional uranium trading.

Hex Trust’s expansion into tokenized uranium custody reflects the broader trend of RWAs entering the blockchain ecosystem. Uranium is a tightly controlled commodity that has historically been difficult for institutions to access. As the RWA token market continues to grow, with a reported 260% increase in 2025, the integration of xU3O8 into Hex Trust’s custody framework positions the company as a key player in bridging traditional markets with blockchain-based infrastructure.

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