Uranium Digital raises $16.5 million to bring uranium trading on-chain

The New York startup's Blockchain Capital-led Series A will fund a Solana-based platform that tokenizes physical yellowcake for institutional traders Uranium powers reactors that keep the lights on. Trading it still involves phone calls, emailed contracts and a lot of waiting. New York-based Uranium Digital wants to change that. The startup has raised $16.5 million in a Series A round led by Blockchain Capital , with several earlier backers returning. The goal is to scale an electronic trading platform that tracks ownership of physical uranium on a blockchain. The timing is not accidental. Data centers built for the AI boom need enormous amounts of power. That appetite is reviving interest in nuclear energy, and in the fuel that makes it run. Most major commodities trade on large, automated markets.

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