KULR Tech Group Launches Its Own Blockchain to Track and Verify Its Space-Grade Batteries

KULR Tech Group is making significant strides in the web3 space. On May 1, it was included in the newly-launched Grayscale Bitcoin Adopters ETF.

KULR Tech Group (NASDAQ:KULR) is making significant moves in the web3 space.

The space, aerospace, and defense focused company was recently included in the newly-launched Grayscale Bitcoin Adopters ETF. The new ETF provides investors with direct exposure to companies that are adopting Bitcoin as a treasury company.

Last year on December 4, the company announced that it would be committing up to 90% of its surplus cash reserves to be held in bitcoin.

To date, KULR has acquired 668 BTC for its treasury. This decision marks a significant shift in KULR’s financial strategy — positioning Bitcoin as a primary asset in its treasury program.

Now, in another significant move, KULR Tech has announced a new blockchain-based supply chain initiative.

KULR Tech Launches Own Blockchain

In an official press release and company tweet, KULR Tech announced that it will be moving product tracking and custody verification from centralized software to a distributed ledger. This will help the company in recording each inventory item as a tamper-proof, timestamped entry on a private blockchain.

Decentralizing the inventory tracking system on a blockchain offers enhanced transparency, security, and real-time visibility across the entire supply chain, the company said.

The US-listed company also revealed that one of the first product lines to be logged will be KULR’s NASA WI-37A–certified lithium-ion batteries.

Now, these batteries with space and aerospace applications will be permanently stored on-chain so that future users can verify performance and compliance.

Today, we are announcing the launch of a blockchain-secured supply chain initiative to safeguard our product-related data. Decentralizing our inventory tracking system on blockchain offers enhanced transparency, security, and real-time visibility across the entire supply chain.

— KULR Technology (@KULRTech) May 1, 2025

New Blockchain Built on Coinbase’s Base

KULR Tech has built its own private rollup on Coinbase (NASDAQ:COIN)‘s Base Layer-2 (L2) blockchain – an Ethereum-powered network – to host this supply chain ledger.

This choice leverages a public blockchain infrastructure (Coinbase Base) for security and scalability. It will still keep the network permissioned under KULR’s control.

The company will represent each battery or part as a non-fungible token (NFT) on the blockchain.

Each token’s metadata – including test results, manufacturing details and certification data – will be recorded immutably.

When a customer purchases a battery, its NFT can be transferred to the buyer’s on-chain wallet or sent to a company “burn” wallet to signal the transfer of ownership.

For bulk orders, KULR will set up dedicated customer wallets to batch-transfer many NFTs at once.

Internally, the company has built a custom user interface linked to encrypted KULR-owned wallets. This dashboard would let staff monitor inventory and token transfers in real time.

Market and Investor Impact

The market reaction to the company’s blockchain announcement has been cautiously positive.

On Friday, one day after the blockchain and Grayscale ETF inclusion, KULR closed at $1.33 USD. This marks a 4.72% increase from the previous day’s close of $1.27.

Company has also hinted at more initiatives towards blockchain and Bitcoin adoption.

On the inclusion in Grayscale Bitcoin Adopters ETF, Kurl CEO has said, “Honored to be included in Grayscale’s Bitcoin Adopters ETF. Appreciate the recognition as we continue building KULR Tech into a category-defining company at the intersection of space, defense, AI, and Bitcoin.”

Thus, with more near-term crypto plans in line, KULR is likely to draw attention from both energy-sector investors and digital-asset enthusiasts.