☢️ Morpho launches lending against tokenized uranium
Uranium is a strategic metal used in nuclear energy. Previously, it was only accessible to large investors through opaque over-the-counter markets. Now everything is changing.
@Morpholabs together with the Oku platform have launched a new feature:
investors can use the xU3O8 token, which represents physical uranium, as collateral to obtain loans in USDC.
🔍 How it works:
- xU3O8 is a token that certifies ownership of physical uranium, stored at Cameco facilities
- The Oku platform operates on Morpho — one of the largest DeFi protocols ($10B+ in deposits)
- The repository is deployed on Etherlink — an EVM-compatible layer for Tezos, which is actively developing
- Partners: Curzon Uranium, Archax — the first regulated crypto service in the UK
📈 Why it's important:
- Uranium is becoming accessible to DeFi users, not just institutions
- Now you can invest in a real asset while simultaneously obtaining liquidity
- The demand for uranium exceeds supply: 197M pounds vs 155M produced annually
- 97% of institutional investors are willing to invest if access is simple
