New York startup Uranium Digital digitizes nuclear fuel trade
Platform offering uranium sales via blockchain raises $16.5 million amid IT energy crisis
The development of artificial intelligence and data centers has prompted tech giants (Amazon, Meta, Google) to conclude large-scale deals in the nuclear energy sector. However, the uranium market itself—a key raw material for nuclear power plants—remains conservative: deals are made over the phone through brokers, and contracts are sent by mail. U.S. startup Uranium Digital has proposed changing this approach and bringing the trade of radioactive metal online.
The company has created an electronic platform that moves uranium trading onto the blockchain. The system allows institutional investors, mining companies, and energy operators to buy and sell physical uranium online, while a blockchain-based registry tracks changes in ownership of the raw material stored in specialized warehouses.
Uranium Digital has already raised $16.5 million in a Series A round, led by venture fund Blockchain Capital with participation from Portal Ventures and Apeiron Investment Group. The total amount of funds raised, including the 2025 seed round, exceeds $22.6 million.
The project was launched in 2024 by former commodities trader Alex Dymala-Doleski and ex-Goldman Sachs analyst Jack Rindner. The idea emerged due to the lack of online trading terminals for uranium, similar to those used for copper or silver.
The platform is designed for three groups of participants—investors seeking direct access to uranium prices, mining companies looking to secure sales, and energy companies purchasing fuel for reactors.
According to startup CEO Alex Dymala-Doleski, the key goal of Uranium Digital is to build a modern technological infrastructure for nuclear fuel trading, similar to how global financial markets trade oil, gas, and gold.
