Issuance: Converting Physical Uranium into Uranium Tokens

Key takeaways:

• Institutions can tokenise their verified uranium by converting them into Uranium Digital tokens. Each token is backed 1:1 by physical uranium securely stored in accredited facilities, providing a bridge between physical and digital markets.

• By digitising uranium reserves, institutions can generate income through financial strategies such as lending, borrowing, and yield generation. This process also eliminates traditional storage costs and enhances liquidity, offering greater control and flexibility in managing assets.

Issuance of Uranium Digital tokens

How to tokenise uranium

Eligible institutions can digitise their uranium by converting them into Uranium Digital tokens. This involves transferring verified uranium to the Uranium Digital converter account at one of three accredited storage facilities, which is then represented on-chain as digital tokens, ensuring that each token corresponds to one pound of physical uranium securely held in reserve.

Benefits of tokenising uranium

By converting verified uranium reserves into digital assets, Uranium Digital allows institutions to generate income and reduce storage costs. This digitisation unlocks opportunities like lending, leverage, borrowing, and yield generation, otherwise unavailable in uranium markets. The process ensures transparency and security, enhances liquidity, improves price discovery, and offers greater control and flexibility in managing assets while seamlessly integrating physical and digital assets.

Eligibility requirements

Institutions must hold at least 20,000 pounds of uranium stored at an accredited facility (Cameco, ConverDyn, or Orano Cycle) with an open account at one of these three facilities. Participants must also meet KYC/AML requirements and industry standard regulatory requirements.

How to get started:

Step 1: Check eligibility requirements

To qualify, an institution must have a minimum of 20,000 lbs of U3O8 stored at an accredited conversion facility (Cameco, ConverDyn, or Orano Cycle).

Step 2: Application

Create an account or sign in and complete the issuance form with the quantity of uranium, facility information (Cameco, ConverDyn, or Orano Cycle), and contact details.

Step 3: Verification and compliance check

After submitting the issuance form, you will be prompted to complete the AML/KYC form and provide supporting documents, including verification of uranium reserves and institutional details. Uranium Digital will then conduct a thorough compliance check and verify the reserves with support from our resource partner, Curzon Uranium.

Step 4: Approval and token creation

Upon approval, the U3O8 is transferred to Uranium Digital’s account at the facility, and an equivalent number of tokens (one token = one pound of uranium) are issued by Uranium Digital and credited to the institution's wallet. At this time, there is no fee for issuance.

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