Uranium Digital raises $16.5 million to expand institutional trading platform

Uranium Digital raised $16.5 million in a Series A round led by Blockchain Capital, with existing investors Portal Ventures and Apeiron Investment Group participating; the round closed last month and the company did not disclose its valuation. The startup is building institutional-grade infrastructure to trade uranium fuel the way gold, oil, and gas are traded, linking spot uranium orders to digital ownership records while the physical material stays in storage. The funding will go toward expanding that platform as uranium draws more attention as an investable commodity. What to watch next is whether the company discloses its valuation and how quickly it onboards institutional users onto its order-and-record system.