Replace March 30, 1:20 p.m. UTC: This text has been up to date to incorporate a piece on the broader tokenized commodities market.
Trilitech, a London-based improvement firm centered on the Tezos ecosystem, launched Metals.io on Monday, a brand new platform for buying and selling tokenized commodities together with uranium and gold, in accordance with an announcement shared with Cointelegraph.
The platform expands a commodities push that Trilitech and the broader Tezos ecosystem started with Uranium.io, a retail-facing uranium market launched in December 2024 on Etherlink, Tezos’ Ethereum Digital Machine-compatible layer 2.
At launch, Metals.io is ready to supply xU3O8 tokenized uranium, tokenized gold and Noemon Tech’s RARE token. Uranium.io describes xU3O8 as a tokenized bodily uranium product, whereas RareTech supplies describe RARE as a basket of strategic metals.
In accordance with the discharge, the launch responds to rising investor curiosity in strategic supplies tied to industrial use and synthetic intelligence-related infrastructure demand. That logic echoes the pitch behind Uranium.io’s 2024 debut, which Tezos framed round uranium’s function in powering nuclear vitality and supporting rising electrical energy demand tied to AI.
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Metals.io goals to scale back the funding obstacles to uranium buying and selling, which was beforehand reserved for institutional traders. The brand new platform is constructed on the identical underlying know-how as uranium.io, launched by Tezos in December 2024.
“One of many founding rules behind the launch of that platform was to stage the enjoying subject by making a beforehand inaccessible vital asset broadly obtainable to all traders,” Ben Elvidge, head of economic functions at Trilitech, instructed Cointelegraph.
Elvidge mentioned round 9,000 retail traders have acquired the tokenized uranium product because the platform’s launch.
In August 2025, Digital asset custody agency Hex Belief built-in Tezos’ Etherlink to supply institutional custody for tokenized uranium. In January of that 12 months, Transak additionally partnered with the platform to let retail traders purchase tokenized uranium by way of crypto or bank cards for as little as $10, a pointy lower from the $4.2 million minimal over-the-counter market restrict.
Crypto exchanges enter tokenized commodities
Investor demand for tokenized commodities is on the rise. Tokenized commodities surged to $7.7 billion in cumulative market capitalization on March 6, however retraced to $7 billion as of Monday, in accordance with knowledge from RWA.xyz.
Tokenized gold represented the vast majority of this worth, with Tether Gold (XAUT) accounting for 38% of the market share at $2.5 billion and Paxos Gold (PAXG) accounting for 34% at $2.2 billion.
Julio Moreno, head of analysis at analytics platform CryptoQuant, attributed the rising tokenized commodities demand to tariff-related uncertainty, increased rates of interest and stronger safe-haven demand in a report printed on March 5, including that “crypto exchanges have gotten world venues for TradFi derivatives.”
Extra crypto firms are launching tokenized merchandise. On Wednesday, Vienna-based crypto dealer Bitpanda launched Imaginative and prescient Chain, an Ethereum Layer-2 for European banks and fintech to situation tokenized belongings underneath Europe’s Markets in Crypto-Belongings Regulation (MiCA) and Markets in Monetary Devices Directive (MiFID II).
On March 20, Coinbase launched inventory perpetual futures for eligible non-US customers, extending round the clock entry to equities alongside crypto and prediction markets. Crypto exchanges Binance and Kraken have additionally launched tokenized perpetual futures buying and selling for non-US merchants.
Journal: Can Robinhood or Kraken’s tokenized shares ever be really decentralized?
