Digital asset custodian Hex Trust has integrated with Etherlink, the Ethereum Virtual Machine (EVM)-compatible layer-2 blockchain built on Tezos (XTZ), to provide institutional custody services for xU3O8, a tokenized uranium asset backed by physical uranium (U308). This development, supported by Tezos research and development hub Trilitech, enables secure storage for the commodity token listed on UK-regulated exchange Archax and issued by uranium trading firm Curzon.
The integration addresses soaring institutional demand for real-world asset (RWA) tokenization, expanding Hex Trust's regulated custody portfolio into uranium—a historically illiquid commodity with high entry barriers. Giorgia Pellizzari, Hex Trust's Head of Custody, emphasized that "tokenized commodities like uranium are gaining institutional interest as more RWAs move onchain", while Trilitech's Ben Elvidge called uranium a "perfect fit" for tokenization due to improved market access and pricing transparency.
Etherlink's scalability and Tezos-derived security provide the infrastructure for Hex Trust's licensed custody operations (covering Hong Kong, Singapore, Dubai, and Italy), lowering minimum investments from $4.2 million in traditional markets to $10 via retail platforms like Uranium.io. This collaboration signals accelerating convergence between traditional finance and decentralized systems for RWAs.