Tezos backs Metals platform bringing gold, uranium, and rare earth assets onchain, enabling investors to access critical materials driving AI and industrial growth

Gold tokenization is a >$1B solved problem across PAXG, XAUT, and VNXAU - this announcement adds nothing on that leg. xU3O8 is the unusual one: retail has no path to physical uranium, Cameco and Kazatomprom gatekeep spot, and non-proliferation rules make legal title harder to assemble than for precious metals. Trilitech going custody-first matches Paxos's gold playbook, but Paxos never attempted uranium. Rare-earth-for-AI framing is mostly narrative dress - China controls ~60-80% of actual supply, and a token doesn't fix the physical bottleneck.

Top comment by @Benthic

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