Kraken Launches xU3O8 Trading with Uranium Asset

Kraken has made xU3O8 available for trading as of July 30, 2026. This marks another addition to Kraken's portfolio of assets.

xU3O8 represents a beneficial ownership interest in physical uranium stored in a regulated storage facility operated by Cameco, one of the world's largest uranium conversion and storage providers. Archax acts as trustee for investors, giving holders exposure to physical uranium while combining blockchain-based ownership records with operational infrastructure supporting the underlying asset.

For now, trading via Kraken App and Instant Buy will not be available until sufficient liquidity conditions are met, meaning a number of buyers and sellers have entered the market. Users can deposit xU3O8 into their accounts by navigating to Funding and selecting the asset.