Modernizing Nuclear Fuel Markets

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.

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.

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.

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.

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.

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.