xU3O8-based lending is now live, powered by Morpho: expanding utility for tokenized uranium in DeFi
Borrowing with the world’s first tokenized uranium, xU3O8, as collateral is now available.
3 minute read
Borrowing with the world’s first tokenized uranium, xU3O8, as collateral is now live - available on Oku, and powered by Morpho, one of Decentralized Finance (DeFi’s) leading lending platforms.
This marks a key milestone, enabling holders to borrow stablecoins like USDC with their physical uranium exposure as collateral - unlocking liquidity while maintaining their exposure to uranium’s value.
It’s a simple, yet powerful shift: real-world uranium markets meet decentralized finance.
A new era of utility for tokenized uranium #
xU3O8, tokenized uranium, gives holders digital ownership of uranium securely stored in a regulated depository operated by Cameco, one of the world’s largest uranium providers.
Since its launch, xU3O8 has opened access to uranium markets for investors worldwide, and now, with the Morpho infrastructure, holders can use their xU3O8 as collateral to borrow stablecoins, like USDC, effectively putting idle capital to work without selling their position.
This dramatically enhances capital efficiency, giving holders the ability to maintain exposure to uranium’s fundamentals while unlocking liquidity to participate in other investment opportunities.
Bringing the nuclear thesis fully on-chain #
As the world races toward cleaner, more resilient energy sources, nuclear power has become a cornerstone of the global energy mix. The surge in AI-driven energy demand, with data centers and large-scale compute requiring stable, 24/7 power, is intensifying the spotlight on nuclear energy as a reliable, low-carbon solution.
Uranium, the essential fuel for nuclear reactors, has seen its spot price demonstrate steady resilience, reflecting its strategic importance, and making it a compelling addition to an expanding RWA universe.
DeFi users, institutions, and energy-market participants can now gain exposure to this expanding macro trend while leveraging the programmability and composability of decentralized finance.
Expanding the RWA frontier #
xU3O8-based lending, powered by Morpho, highlights the growing importance of RWAs in DeFi. As RWA adoption accelerates, with tokenized treasuries, etc., leading the way, xU3O8 provides the new wave of investable assets on-chain that combines real-world value and DeFi utility
Through Morpho’s efficient lending infrastructure, participants can:
- Deposit xU3O8 as collateral to borrow stablecoins (USDC in the first phase)
- Retain uranium exposure while unlocking liquidity to participate across DeFi and other investment opportunities
- Benefit from uncorrelated and stable asset dynamics, as uranium prices have historically shown lower volatility in comparison to common crypto assets
This creates a compelling opportunity for those who believe in the long-term nuclear energy thesis, trust the strength of uranium’s fundamentals, and seek to make their capital work harder without sacrificing exposure.
The future: Real assets, Real utility #
Available on Oku and powered by the Morpho infrastructure, xU3O8 continues to build the bridge between real-world uranium markets and on-chain systems - unlocking a powerful engine for real asset productivity, a new level of utility, and capital efficiency in the space.