Metals.io, a new platform for tokenizing commodities, has launched on the Tezos blockchain, offering users access to tokenized gold, uranium, and rare earth metals. Developed by Trilitech, the platform features xU3O8 tokenized uranium, VNX Gold (VNXAU) backed by bullion in Liechtenstein, and the RARE token from Noemon Tech, which includes a basket of strategic metals. Utilizing Tezos' smart-rollup technology, Metals.io promises near-instant transaction confirmations.
The launch comes amid a surge in the tokenized real-world asset (RWA) sector, with tokenized gold leading the market. The sector is valued at approximately $7 billion, with Tether Gold (XAUT) and Paxos Gold (PAXG) dominating. Metals.io aims to differentiate itself by focusing on rare earth and industrial metals, a less explored area despite increasing demand. The RARE token offers exposure to critical materials essential for high-tech industries, aligning with the growing need for such resources in the AI and tech sectors.
Metals.io Launches Tokenized Commodities on Tezos
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