Uranium Digital, a tokenized uranium mining company, has completed a $1.7 million financing round led by Portal Ventures

ChainCatcher news, the tokenized uranium mining company Uranium Digital has completed a $1.7 million financing round, led by Portal Ventures.

Uranium Digital is a startup that tokenizes uranium ore to facilitate trading in the heavily regulated metal market in new ways.

Uranium Digital founder Alex Dolesky stated that during his early years trading commodities, he discovered that uranium, as a commodity, has not developed as much as other metals like gold and silver. Due to strict regulations, uranium is only traded through over-the-counter (OTC) transactions dominated by institutional traders, making the trading process opaque and inaccessible to retail investors. Uranium trading is still in its early stages, and a financialized market needs to be established first.