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Alkemya Luxembourg S.à.r.l. (“Alkemya”), the sponsor, has announced that Alkemya Metacore SCSp has secured USD 50 million in a pre-launch capital raise for its precision industrial nickel wire business, backed by Class 1 nickel wire. As part of the raise, it is announcing the sale of additional ALKN tokens in a new tranche at USD 1.00 per token.
The Offering
The offer, arranged by Hanover Square Capital (UK) Ltd, will take place on Bitfinex Securities. It is available to institutional and professional investors and closes on October 15, 2026.
The tokens are issued by Alkemya Metacore SCSp, a special limited partnership based in Luxembourg and registered as an Issuer with CNAD (National Commission of Digital Assets) in El Salvador.
The Asset Behind the Token
Alkemya Metacore is a Luxembourg-based investment and operating platform focused on the industrial development, commercialization, and financial structuring of high-technology metals. It owns approximately 7 million meters of 99.99% ultra-pure nickel wire with a 0.025 mm diameter — independently verified and valued at approximately USD 1.64 billion. The asset is held in institutional custody in Lugano, Switzerland.
 
Where the Capital Goes
Alkemya will use part of the initial raise, along with funds from additional tranches, to invest working capital into Alkemya Metacore and finance its commercialisation strategy: transforming its ultra-pure wire into engineered mesh products tailored to high-growth applications across seven sectors — EMI shielding, aerospace and defence, marine and desalination, power and industrials, semiconductors, green hydrogen, and rare/precious metals recovery.
The successful raise, completed before secondary market listing, marks a major milestone for the offering — demonstrating confidence in both the underlying exposure to high-purity nickel and the structure of the issue. For investors, the token offers a combination of asset-backed investment and a thematic play on energy transition and electronic security technologies.
Why Tokenisation
Listing the token on Bitfinex Securities enables Alkemya to leverage tokenization to reach a wider pool of global investors, within a regulated, 24/7 trading venue.
The tokens aim to provide long-term investment value linked to real-world applications and technology.
Distribution Structure
Cash distributions are governed by a strict waterfall that first returns investor capital in full, plus cumulative distributions equal to a 6% per annum compound preferred return (calculated annually on outstanding investor capital, from the date of payment through to final repayment). Beyond that, an additional 80/20 profit split with a carry partner — in favor of token holders — applies to the commercial business.
Carlo Guido Della Peruta, Manager of the General Partner of Alkemya Metacore, commented: “Securing this initial investment is a significant milestone for Alkemya and validates both the quality of our asset and the strength of our commercialisation strategy. We chose to list on Bitfinex Securities because tokenisation offers us access to a genuinely global investor base within a regulated framework, and because it reflects the innovative approach we are taking across all aspects of our business. This raise will allow us to begin transforming our nickel wire asset into high-value engineered products serving some of the fastest-growing sectors in the global economy, and we look forward to welcoming further investors as the listing progresses.”
Jesse Knutson, Head of Operations at Bitfinex Securities, commented: “Bitfinex Securities exists to connect exciting investment opportunities with a broader and deeper investor base, giving more people access to investments that were previously out of reach and giving businesses access to a wider pool of capital. Alkemya Metacore will represent yet another example of how we’re using blockchain technology to bring previously inaccessible asset classes to market within stringent regulatory guardrails, and Alkemya’s initial $50 million capital raise is a sign of appetite for this exciting opportunity.”
Arvinder Sood, CEO and Director at Hanover Square Capital (UK) Ltd, said: “Hanover Square Capital is delighted to announce this transaction in collaboration with Bitfinex Securities and its successful pre-launch close of USD 50 million investment, which not only underscores the evolving direction of global capital markets but also establishes a compelling foundation for a groundbreaking transaction with the launch of ALKN tokens. This milestone reflects a broader structural shift in how financial assets are created, accessed, and exchanged, as traditional frameworks increasingly converge with digital innovation. By embracing tokenised equity, the transaction highlights a more efficient, transparent, and accessible model for capital formation, one that is better aligned with the demands of modern investors and issuers alike, with the capacity to trade on a peer-to-peer basis.
“This transaction not only validates that trajectory but also signals the growing importance of blockchain-enabled solutions in redefining how assets are issued, managed, and traded on a global scale,” said Hanover Square Capital.
A Regulated, Multi-Exchange Framework
Bitfinex Securities provides a regulated venue for the issuance and trading of tokenised securities, combining blockchain technology with regulated market access for issuers and eligible investors.
The offering was advised by a group of international law firms: CMS DeBacker (Luxembourg law), Dentons El Salvador (El Salvador law), Foley and Lardner (US law), and CNPLaw LLP (Singapore law). Winston Taylor acted for Bitfinex Securities, while The Edison Group advised on investor relations and issued a pre-IPO research note.
The ALKN tokens will be available for trading across three regulated exchanges: Bitfinex Securities, AGX (operated by LabyrinthX Technologies Pte Ltd, part of the Hydra X group), and Archax Ltd. HydraX Digital Assets Pte. Ltd. serves as custodian and distribution partner in Asia, with Archax playing a similar role in the UK. Scytale, the technology firm, is providing onboarding and compliance technology services to Alkemya Metacore under Luxembourg and EU law.
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