Uranium Digital Raises $16.5 Million to Expand Uranium Trading Platform

Uranium Digital raised $16.5 million in Series A funding to expand an electronic uranium trading platform that uses blockchain to track stored material ownership as technology companies pursue nuclear power for data centers.

The New York-based company announced the financing on Nov. 5, after the round closed in October. Blockchain Capital led it. Existing investors Portal Ventures and Christian Angermayer’s Apeiron Investment Group also participated. Uranium Digital did not disclose its valuation.

The raise follows a $6.1 million seed round in 2025 backed by Framework Ventures.

Uranium Digital’s platform gives institutions an electronic venue to buy and sell uranium. The material remains in storage while blockchain records ownership. The company is expanding the system to digitize transactions in a market where trades still depend on manual steps.

A uranium deal can involve contacting a broker for a price, exchanging contract paperwork by email and coordinating with a storage operator to update ownership. That process contrasts with the automated trading systems available for many other commodities.

Blockchain Capital partner Yuan Han Li said the platform could serve investors seeking exposure to uranium prices, miners looking to lock in sale prices and utilities trying to secure fuel.

CEO and co-founder Alex Dymala-Dolesky developed the idea while trading commodities at a New York hedge fund. He was familiar with screen-based markets for metals such as copper and silver, but could not find a comparable way to trade uranium. He and co-founder Jack Rindner launched Uranium Digital in 2024. Rindner previously worked as a senior analyst in corporate treasury at Goldman Sachs. The company has 11 employees in Canada, New York and Hong Kong.

The financing comes as technology companies pursue nuclear power to meet data-center electricity needs. Google and Constellation Energy agreed Oct. 6, 2026, to a 20-year power purchase deal tied to 890 megawatts of added output at 11 reactors in Illinois, Pennsylvania and New Jersey. The project represents more than $4.3 billion in investment, with the first reactor upgrade expected in 2028 and completion targeted for the early 2030s, as part of Google and Constellation Energy’s nuclear expansion plan.