FAQs

Overview

What is Uranium Digital?

Uranium Digital is modernizing nuclear fuel markets as the only 24/7, institutional-grade uranium trading platform that offers physical settlement of uranium held in accredited facilities, verified through Chainlink’s proof-of-reserve oracle and independent audits.

The platform enables the redemption of digital uranium for physical settlement at accredited global conversion facilities, as well as the issuance of new digital assets from verified spot uranium holdings. Furthermore, Uranium Digital allows cash trading of physical uranium without the requirement to physically settle. It provides live bid-ask trading and near-instant trade settlement through hybrid exchange technology, complete with a central limit order book (CLOB), order matching engine, and non-custodial account and wallet management (MPC, multi-party computation). By integrating with institutional infrastructure, including FIX connectivity, execution venues, and regulated custody, Uranium Digital delivers a more efficient and transparent framework for uranium markets than has previously existed.

What are the benefits of Uranium Digital compared to traditional uranium trading?

The uranium market has historically been opaque and inefficient—dominated by bilateral OTC negotiations, email-based RFPs, and once-daily price estimates that fail to reflect real supply and demand. Existing financial products like closed-end uranium trusts provide exposure but lack physical settlement, often trade at discounts to NAV, and don’t create true market liquidity. Investors seeking leverage through publicly traded equities face the same challenges that occur when direct exposure to an asset isn’t possible and can erode shareholder value regardless of how the underlying performs.

Uranium Digital solves these challenges by delivering 24/7 market access through tokens backed 1:1 by physical uranium, audited by an independent third-party. The platform offers the ability to redeem for physical uranium at accredited facilities—ensuring price integrity. Live bid-ask trading replaces once-daily estimates with actual transaction data, while institutional integrations such as FIX connectivity and regulated custody reduce onboarding friction. Together, these features modernize uranium trading with the efficiency, transparency, and liquidity, and competitiveness of modern market structures.

How are Uranium Digital tokens backed by physical uranium?

Each Uranium Digital token represents ownership of one-pound of uranium securely held in accounts at accredited converter facilities. The uranium holdings are independently audited and verified in real time through Chainlink’s proof-of-reserve oracle. This ensures every token is backed 1:1 by physical uranium, transparently proven on-chain. The Network Firm, Chainlink’s preferred auditor, reviews and validates converter facility reports, providing independent assurance that on-chain data accurately reflects the underlying reserves.

Issuance

What is Issuance and how does it work?

Issuance is the process through which eligible institutions convert their physical uranium holdings into Uranium tokens. This begins with a request submitted through the Uranium Digital dashboard. Once approved, the institution’s verified uranium is book-transferred to Uranium Digital’s converter account at an accredited storage facility. On the official settlement date, the corresponding amount is issued on-chain, with each token representing one-pound of uranium held in secure storage. Independent audits and Chainlink’s proof-of-reserve oracle provide real-time verification, ensuring that all circulating tokens remain fully backed by physical uranium.

What are the benefits of issuance?

Converting verified uranium holdings into digital assets allows institutions to eliminate storage costs, access liquidity through active markets, and trade smaller lot sizes than typically acceptable. Digitization also unlocks financial strategies such as lending, borrowing, and yield generation that are not easily available in traditional uranium markets. The process ensures transparency and security while giving institutions greater control and flexibility in managing assets and seamlessly integrating physical and digital markets.

What are the eligibility requirements for issuance?

To issue Uranium Digital tokens, institutions must hold at least 20,000 pounds of uranium at an accredited conversion facility and complete onboarding with Uranium Digital.

Redemption

What is Redemption and how does it work?

Redemption is the process through which eligible institutions exchange their Uranium tokens for physical uranium. This begins with a redemption request submitted through the Uranium Digital dashboard. Once approved, the corresponding tokens are frozen, and a book transfer is initiated with the client’s selected converter facility. On the official settlement date, the equivalent amount of uranium is transferred from Uranium Digital’s converter account to the client’s converter account, and the redeemed tokens are permanently burned. Independent audits and Chainlink’s proof-of-reserve oracle ensure real-time verification, maintaining the 1:1 backing between uranium tokens and physical uranium.

What are the benefits of redemption?

Qualified institutions can redeem Uranium tokens directly for physical uranium through a streamlined process that bypasses intermediaries. This system provides direct access to the underlying commodity, supports real-time price discovery, and contributes to overall market liquidity. Redemption eliminates unnecessary steps and allows for faster settlement, increased trade velocity, and greater transaction transparency.

What are the eligibility requirements for redemption?

To redeem Uranium Digital tokens, institutions must hold a minimum of 20,000 uranium tokens and meet AML/KYC and applicable regulatory requirements.

Proof of reserves

How are Uranium Digital tokens secured and transparently backed?

Each Uranium Digital token represents ownership of one-pound of physical uranium securely held in accounts at accredited conversion facilities. Holdings are independently audited and verified in real time through Chainlink’s proof-of-reserve oracle, ensuring every token is fully backed. The Network Firm, Chainlink’s preferred auditor, reviews and validates reserve reports from the facilities, providing independent assurance that on-chain data accurately reflects the underlying uranium. Monthly reserve reports further enhance transparency, giving institutions ongoing visibility into the backing of their tokens.

What is a Chainlink proof-of-reserve oracle and how does it work?

Chainlink is a leading provider of pricing, data feeds, and proof-of-reserves oracles for the digital asset industry, making them the ideal partner for Uranium Digital. Their decentralized oracle network offers unmatched security, reliability, and transparency, ensuring that underlying uranium is independently verified. Chainlink’s decentralized infrastructure eliminates single points of failure and ensures tamper-proof data, making them the most trusted solution for verifying real-world assets. Their industry leadership and proven track record make Chainlink the best choice to back our token with absolute transparency and integrity.

In practice, the system works by connecting off-chain uranium reserve reports directly from converter facilities to the blockchain through Chainlink’s decentralized oracle network. External adapters read reserve data, which is packaged into a data stream and transmitted by independent Chainlink nodes. These nodes broadcast the information on-chain, where a Chainlink verifier contract confirms the accuracy of the report. The updated reserve values are then stored in a Proof-of-Reserve program, influencing minting and burning abilities. This ensures that every issued token is continuously matched against the actual uranium inventory, providing institutions with real-time, independently verified proof that tokens remain fully backed by physical uranium. More details on how Chainlink’s solution works can be found here

Why is proof-of-reserve important?

Proof-of-reserve provides independent, third-party verification that each Uranium Digital token is fully backed by physical uranium. By continuously attesting to real-world reserves, it eliminates counterparty risk and gives institutions confidence that tokenized assets remain properly collateralized. This level of transparency is critical for institutional adoption.

Market Dynamics

What makes the uranium market unique compared to other commodities?

The uranium market has historically been characterized by opacity and reliance on outdated trading mechanisms like bilateral OTC negotiations and email-based RFPs. Unlike other commodities, uranium requires specialized storage at accredited facilities under strict regulation. Most importantly, the market lacks the robust financial products common in other commodities—such as futures, options, ETFs, and other derivatives—that support a full spectrum of trade strategy expression. Without these tools, participants face higher costs, slower settlement, and reduced flexibility, leaving uranium trading far behind the standards of other global commodity markets.

What are the supply and demand dynamics of the uranium market, and how does Uranium Digital address them?

Global uranium supply remains structurally tight. Mine restarts have underperformed, many projects face high breakeven costs, and few new greenfield developments are expected before 2030. Conversion and enrichment bottlenecks, combined with additional geopolitical risks, further limit available supply.

On the other side, demand is accelerating. Nuclear power is central to decarbonization and energy security strategies worldwide.Existing reactors are being extended or restarted, new builds are underway, and hyperscale data centers and AI firms have emerged as new sources of baseload demand.

Uranium Digital addresses these imbalances by offering the only institutional-grade, 24/7 marketplace for uranium. Through live bid-ask trading and instant settlement, the platform enables real-time price discovery and direct access to liquidity. This modern infrastructure connects supply and demand more efficiently than opaque OTC negotiations, allowing institutions to adjust positions dynamically and ensuring that uranium markets function with the transparency and liquidity already standard in other global commodities.

Nuclear Energy and Uranium

Why is nuclear energy vital for a clean energy future?

Nuclear energy is critical to decarbonization because it provides constant, carbon-free electricity at a scale few other sources can match. Its ability to deliver reliable baseload power complements variable renewables and helps keep grids stable under growing demand. With low lifecycle emissions, a small land footprint, and unmatched energy density, nuclear generation is one of the most efficient ways to meet global energy needs while reducing reliance on carbon-intensive sources. These qualities make it a cornerstone of a clean, resilient, and secure energy system.

How does nuclear compare on reliability, emissions, and efficiency?

Nuclear energy is one of the most reliable sources of electricity, with a capacity factor around 93% — higher than natural gas (~57%), coal (~40%), wind (~35%), and solar (~25%). This means nuclear plants operate much more consistently and predictably than those other sources.

Nuclear power also has among the lowest lifecycle greenhouse gas emissions, producing 15 to 30 times fewer emissions than coal or natural gas.

For energy density: a uranium fuel pellet (about 1.5 cm in diameter and 2 cm tall) produces energy equivalent to one ton of coal, 149 gallons of oil, or 17,000 cubic feet of natural gas (Nuclear Energy Institute and University of Michigan).

Nuclear-generated electricity avoids more than 470 million metric tons of CO₂ emissions each year in the U.S., which is roughly equivalent to taking over 100 million passenger vehicles off the road. (Nuclear Energy Institute)

What is uranium’s role in nuclear power?

Uranium is the essential fuel for nuclear power, with uranium-235 (U-235) serving as the fissile isotope in most reactors. When its atoms split in fission, they release immense heat that generates steam to drive turbines and produce electricity. Thanks to its extraordinary energy density—over a million times greater than coal or natural gas—uranium enables nuclear plants to produce vast amounts of carbon-free electricity from relatively small quantities of fuel, making it one of the most efficient resources for large-scale power generation.

How does AI and data center growth drive nuclear energy demand?

The rise of artificial intelligence and cloud computing is pushing electricity demand from data centers to record highs. Per the International Energy Agency, global data center consumption could more than double by 2030 to around 945 TWh annually, an amount comparable to the total electricity use of Japan today. In the U.S., data centers consumed about 176 TWh in 2023—roughly 4% of the nation’s total—and Accenture projects that could climb to 413–509 TWh by 2030, equal to 7–9% of all U.S. electricity use. That increase alone is about seven times New York City’s annual consumption.

Nuclear energy is uniquely positioned to meet these demands because it delivers reliable, high-output baseload power with near-zero carbon emissions. Its ability to run continuously at scale makes it well suited to support energy-intensive AI workloads and data centers.

Is nuclear energy safe?

Nuclear energy is among the safest sources of electricity. Strict safety systems, multi-barrier containment designs, and comprehensive regulatory oversight help ensure safety in operation. Modern reactors have passive safety features that reduce the chance of human error or system failure.

Per Our World in Data, nuclear power causes about 0.03-0.04 deaths per terawatt-hour of electricity produced, versus ~25 deaths/TWh for coal and ~18/TWh for oil. Radiation exposure for people living near nuclear plants is extremely low. If you live within 50 miles of a plant, your extra exposure is estimated at about 0.01 millirem per year, compared to ~300 millirem per year from natural background sources per the NRC.

Historical events like Chernobyl and Fukushima prompted rigorous upgrades to international standards, emergency planning, and design norms. Today the industry operates with far stronger safety protocols, monitoring, and transparency than in early decades.