Anchorage expands institutional custody to Etherlink, tokenized uranium
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Anchorage Digital Bank has expanded its institutional custody services to include Etherlink and seven assets on the Tezos layer-2 network, notably xU3O8, a token representing physical uranium. This integration enables Anchorage’s institutional clients to custody these assets via segregated accounts at the federally chartered bank.
Why it matters
The token xU3O8 provides investors exposure to physical uranium without the need to physically handle or store it, potentially simplifying and speeding up uranium investment settlement times from weeks to minutes. The source implies this development could improve access to previously cumbersome physical commodity markets through tokenization.
Key context
Anchorage Digital Bank is the first federally chartered crypto bank in the US. Etherlink is an Ethereum Virtual Machine-compatible layer-2 network on Tezos. Previously, Hex Trust also integrated Etherlink for custody of xU3O8 in August 2025. Physical uranium exposure traditionally involved specialist intermediaries, long settlement periods, and high minimum investments, which tokenization aims to address.
Key numbers and entities
Entities mentioned include Anchorage Digital Bank, Etherlink, Tezos, Hex Trust, and tokens such as xU3O8, wrapped XTZ (WXTZ), staked Tezos (stXTZ), USDT, USDC, USDSM, and wrapped Ether (WETH). The market cap of xU3O8 is a little over $9 million according to CoinMarketCap data.
What remains unclear
The source does not specify how Anchorage plans to manage risks associated with tokenized physical uranium custody. It also does not clarify client uptake or detailed operational timelines following the integration. The broader market response to such tokenized commodity custody offerings is not addressed.