Trilitech Debuts Tokenized Commodity Platform on Tezos
Update March 30, 1:20 pm UTC: This article has been updated to include a section on the broader commodity market.
Trillich, a London-based development company focused on the Tezos ecosystem, launched Metals.io on Monday, a new platform for trading tokenized commodities including uranium and gold, according to an announcement shared with Cointelegraph.
The platform extends the commodity push that Trillich and the wider Tezos ecosystem started with Uranium.io, a retail-facing uranium marketplace launched in December 2024 on EtherLink, Tezos' Ethereum Virtual Machine-compatible Layer 2.
At launch, Metals.io will offer xU3O8 tokenized uranium, tokenized gold, and Noemon Tech's RARE token. Uranium.io describes xU3O8 as an alternative physical uranium product, while RareTech Materials describes RARE as a basket of strategic metals.
According to the release, the launch responds to the growing investor demand for strategic materials that address industrial use and infrastructure needs related to artificial intelligence. That logic echoes the pitch behind Uranium.io's 2024 debut, which Tezos pitched around uranium's role in nuclear power generation and supporting rising electricity demand with AI.
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Metals.io aims to lower the investment barriers to uranium trading previously reserved for institutional investors. The new platform is built on the same underlying technology as uranium.io, launched by Tezos in December 2024.
“One of the founding principles behind the launch of the platform was to level the playing field by making a previously inaccessible critical asset accessible to all investors,” said Ben Elvidge, Head of Business Applications at Trilitch, Cointelegraph.
Since the launch of the platform, about 9,000 retail investors have gained access to uranium production, he said.
In August 2025, digital asset custodian firm HexTrust will integrate Tezos' EtherLink to provide institutional protection for tokenless uranium. In January of the same year, Transak partnered with a platform to allow retail investors to buy tokenized uranium via crypto or credit cards for as little as $10, down from a $4.2 million low over the counter market cap.
Crypto exchanges dive into a variety of products.
Investor demand for tokenized products is increasing. Tokenized commodities rose to $7.7 billion in aggregate market capitalization on March 6, but have since returned to $7 billion as of Monday, according to data from RWA.xyz.
Tokenized gold represents the majority of this value, 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.
“Crypto exchanges are becoming global venues for TradFi derivatives,” Julio Moreno, head of research at analytics platform CryptoQuant, said in a report published on March 5, adding that rising demand for commodities is fueled by tariff-related uncertainty, high interest rates and strong demand for safe havens.
More crypto companies are launching tokenized products. On Wednesday, Vienna-based crypto broker Bitpanda launched its Vision Chain for European banks and fintechs to offer tokenized assets under the Crypto-Assets Regulation (MiCA) and Financial Instruments Directive (MiFID II) markets.
In the year On March 20, Coinbase launched stock perpetual futures for eligible non-US users, extending around-the-clock access to crypto and futures markets. Crypto exchanges Binance and Kraken have launched continuous futures trading for non-US traders.
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