TechFlow reports that on March 20, according to CoinDesk, Uranium Digital has completed a $6.1 million seed funding round led by Framework Ventures. The funds will be used to accelerate the development of a cryptocurrency-based spot trading platform for uranium.
Alex Dolesky, founder of Uranium Digital, said they need to move faster to meet exceptional market demand. Previously, Uranium Digital had raised $1.7 million in pre-seed funding from venture investors.
Uranium Digital claims it will become the first institutional-grade uranium trading market, regardless of whether crypto technology is adopted. In an interview, Dolesky said strict regulations and insufficient mainstream demand had previously hindered the development of a physical uranium market.
