Anchorage Digital Bank Begins Custody of Tokenized Uranium

Anchorage Digital Bank N.A., the United States' first federally chartered crypto bank, announced that it is now providing institutional custody for the xU3O8 token. The token is backed by physical uranium yellowcake stored in Cameco facilities under an English trust structure.

How the Token Works

The xU3O8 token is issued on Etherlink, a layer‑2 network built on Tezos, and represents a legal claim to uranium ore concentrate (U3O8) held in certified storage drums. The ownership claim is held in an English trust administered by Archax, while Anchorage stores the digital claim in segregated, bankruptcy‑remote accounts.

Regulatory Significance

Anchorage is supervised by the Office of the Comptroller of the Currency (OCC), allowing regulated funds to hold the token alongside other digital assets such as Bitcoin (BTC) and stablecoins without additional counter‑party reviews. The bank’s charter provides a compliance framework that institutional investors have previously lacked for exotic real‑world assets.

Market Size and Outlook

The xU3O8 market remains very small, with a total valuation just above $9 million and a trading price around $5.66 per token. Despite its size, interest is growing among institutions seeking exposure to nuclear energy as a baseload power source for data centers and other high‑energy users.

Industry Reaction

Industry participants note that Anchorage’s custody service removes a major barrier for allocators interested in tokenized commodities. The ability to hold uranium claims in a regulated, OCC‑supervised environment is seen as a key step toward broader adoption of real‑world asset tokenization.