Trilitech, a London-based development firm operating within the Tezos ecosystem, has introduced Metals.io, a new trading platform for tokenized commodities. The platform offers access to tokenized uranium, tokenized gold, and Noemon Tech‘s RARE token, which represents a basket of strategic metals. The launch builds on Trilitech’s earlier commodities initiative and is designed to lower the barriers that have historically kept retail investors out of these markets.
Metals.io expands on the foundation laid by Uranium.io, a retail-facing uranium marketplace that debuted in December 2024 on Etherlink, Tezos’ Ethereum Virtual Machine-compatible layer-2 network. The new platform uses the same underlying technology and offers xU3O8, described as a tokenized physical uranium product. According to Trilitech, the platform is a direct response to growing investor interest in strategic materials linked to industrial use and artificial intelligence infrastructure demand.
Ben Elvidge, head of commercial applications at Trilitech, said the core motivation behind the platform is broadening access to assets that were previously out of reach for ordinary investors. “One of the founding principles behind the launch of that platform was to level the playing field by making a previously inaccessible critical asset widely available to all investors,” Elvidge told Cointelegraph. He added that approximately 9,000 retail investors have acquired the tokenized uranium product since Uranium.io’s launch.
Several partnerships have expanded the platform’s reach since its debut. In January, Transak integrated with the platform, enabling retail investors to purchase tokenized uranium using crypto or credit cards for as little as $10 — a significant reduction from the $4.2 million minimum associated with over-the-counter uranium markets. In August 2025, digital asset custody firm Hex Trust integrated Etherlink to provide institutional custody services for tokenized uranium.
The broader tokenized commodities market has seen notable growth. Cumulative market capitalization for tokenized commodities reached $7.7 billion on March 6 before pulling back to $7 billion as of Monday, according to data from RWA.xyz. Tokenized gold accounts for the largest share of that value, with Tether Gold holding 38% of market share at $2.5 billion and Paxos Gold representing 34% at $2.2 billion.
Julio Moreno, head of research at analytics platform CryptoQuant, attributed the surge in tokenized commodities demand to tariff-related uncertainty, elevated interest rates, and stronger safe-haven appetite. In a report published on March 5, Moreno noted that crypto exchanges are increasingly functioning as global venues for traditional finance derivatives. These dynamics appear to be drawing both retail and institutional participants toward commodity-backed digital assets.
Other firms are also expanding into tokenized products. Vienna-based crypto broker Bitpanda launched Vision Chain on Wednesday, an Ethereum layer-2 network designed for European banks and fintech companies to issue tokenized assets under MiCA and MiFID II regulations. Meanwhile, Coinbase launched stock perpetual futures for eligible non-US users on March 20, and exchanges Binance and Kraken have similarly introduced tokenized perpetual futures trading for non-US traders.
Originally reported by CoinTelegraph.
