Uranium Digital raises $16.5 million to bring electronic trading to uranium

Uranium Digital, a New York-based startup, has raised $16.5 million in a Series A funding round led by Blockchain Capital, as it seeks to modernize how uranium is bought and sold. The company announced the round on Thursday, November 5, 2026, saying the round closed in October. Portal Ventures and Apeiron also took part in the financing.

The company's platform allows uranium to be traded electronically, with blockchain technology used to track ownership of the material while it sits in storage. Uranium trading still relies heavily on brokers, emailed contracts and manual transfers, a process that the company's model is designed to replace. Uranium Digital is pitching its software to three main groups: investors, miners that want to lock in sale prices, and utilities that need to secure fuel supplies.

The startup was founded in 2024 by Alex Dymala-Dolesky and Jack Rindner. The idea grew out of Dymala-Dolesky's experience trading commodities at a hedge fund, where he saw how slow and paper-heavy the uranium market was compared with other raw materials. The company has 11 employees spread across Canada, New York and Hong Kong. It previously raised a $6.1 million seed round in 2025, backed by Framework Ventures. The company did not disclose its valuation.

The funding arrives as major technology companies pour money into nuclear power. Demand from artificial intelligence data centers, which require large and steady amounts of electricity, is driving much of that interest. Amazon, X-energy and AEP plan to build 12 small modular reactors in Indiana. Meta has signed a deal with Oklo for up to 1.2 gigawatts of power in Ohio, with power expected as early as 2030. Google, Kairos Power and the Tennessee Valley Authority plan a 50-megawatt nuclear plant by 2030.

Those projects will need fuel, and the supply chain behind it is drawing growing attention. Whether Uranium Digital's electronic model will win adoption from institutional players that have long depended on traditional brokers remains an open question, and the company has not said how quickly it expects that shift to happen.

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Delaney Sawyer

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Delaney Sawyer covers public affairs, politics, business, culture and daily news for Core Memo. The role focuses on verification, context, and clear explanations for readers.

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