Trilitech, a London-based company, launched Metals.io on Tezos, expanding its commodities trading platform to include tokenized uranium, gold, and rare metals. The new platform, aiming to reduce investment barriers, follows the success of its previous uranium trading site, Uranium.io, which attracted 9,000 retail investors since December 2024.
Metals.io leverages the same underlying technology as Uranium.io, building on Tezos' Etherlink layer. Investor interest in such platforms has grown due to factors like tariff uncertainties and higher interest rates, contributing to a $7 billion market capitalization for tokenized commodities.
Hex Trust integrated Tezos’ Etherlink in August 2025 to provide institutional custody for tokenized uranium, while Transak enabled purchases via crypto or credit card starting in January 2025. Tokenized gold dominates the market, with XAUT and PAXG leading the charge.
Other exchanges, including Bitpanda, Coinbase, Binance, and Kraken, have entered the tokenized commodities space, offering new avenues for trading.