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Updated March 30, 1:20 PM UTC: This article has been updated to include a section on the broader premium market.
Trilitech, a London-based developer 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 expands the commodities push initiated by Trilitech and the broader Tezos ecosystem with Uranium.io, a retail uranium marketplace that launched in December 2024 on Etherlink, the second layer compatible with Tezos’ Ethereum virtual machine.
At launch, Metals.io is set to offer Noemon Tech’s uranium token xU3O8, gold token, and Noemon Tech’s RARE token. Uranium.io describes xU3O8 as a token physical uranium product, while RareTech Materials describes RARE as a basket of strategic minerals.
According to the statement, the launch responds to growing investor interest in strategic materials linked to industrial use and demand for AI-related infrastructure. This logic reflects the idea behind Uranium.io’s 2024 debut, which Tezos has built around uranium’s role in powering nuclear power and supporting the growing electricity demand associated with artificial intelligence.
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Metals.io aims to reduce investment barriers to uranium trading, which was previously reserved for institutional investors. The new platform is built on the same core technology as uranium.io, Launched by Tezos in December 2024.
“One of the founding principles behind launching this platform was to level the playing field by making important, previously inaccessible assets widely available to all investors,” Ben Elvidge, head of trading applications at Trilitech, told Cointelegraph.
Elvidge said about 9,000 retail investors have acquired the premium uranium product since the platform launched.
In August 2025, the digital asset custodian Hex Trust integrated Tezos’ Etherlink offers institutional custody of tokenized uranium. In January of that year, Transak also participated With the platform allowing retail investors to purchase tokenized uranium via cryptocurrencies or credit cards for as little as $10, a sharp decline from the OTC market minimum of $4.2 million.
Cryptocurrency exchanges engage in tokenized commodities
Investor demand for token commodities is on the rise. Token goods rose to $7.7 billion in cumulative market capitalization on March 6, but fell to $7 billion as of Monday, according to data from RWA.xyz.
Tokenized gold represents the majority of this value, with Tether Gold (XAUT(Representing 38% of the market share worth $2.5 billion and Paxos Gold)PAXG) by 34%, with a value of $2.2 billion.
Julio Moreno, head of research at analytics platform CryptoQuant, attributed the high demand for token goods to uncertainty related to tariffs, high interest rates and strong demand for safe havens in the world. a report It was published on March 5, adding that “cryptocurrency exchanges are becoming global venues for TradFi derivatives.”
More cryptocurrency companies are launching token products. On Wednesday, Bitpanda, a Vienna-based cryptocurrency brokerage Launched the Vision seriesan Ethereum Layer-2 for European banks and fintechs to issue tokenized assets under the European Markets in Cryptoassets Regulation (MiCA) and the Markets in Financial Instruments Directive (MiFID II).
On March 20, Coinbase has launched perpetual stock futures For eligible non-US users, expanded round-the-clock access to stocks along with cryptocurrency markets and forecasting. Crypto exchanges Binance and Kraken It also launched tokenized perpetual futures trading for non-US traders.
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