Alkemya Metacore is preparing to issue a new security, ALKN, backed by its inventory of high-purity nickel wire, in a tokenized fundraising plan targeting $50 million. The inventory linked to the offering is valued at $1.6 billion, totals about 7 million meters, and is stored in Switzerland. The nickel wire is mainly used in semiconductors, aerospace, and defense applications.
The company said the proceeds will support nickel product research and commercialization at its operating subsidiary, Green Transitional Metals. The planned use cases named in the announcement include electromagnetic shielding, aerospace and defense, semiconductors, electric industrial systems, green hydrogen, and rare and precious metal recycling. Bitfinex Securities is set to advance the ALKN listing, and the initial subscription period for qualified investors will run through Oct. 15. The product is described as one of the world’s first tokenized nickel offerings and the first tokenized commodity issuance under El Salvador’s digital asset regulatory framework.
Alkemya Metacore is preparing to issue a new security, ALKN, backed by its inventory of high-purity nickel wire, with plans to raise $50 million through tokenization.
The inventory tied to the offering is valued at $1.6 billion, totals about 7 million meters, and is currently stored in Switzerland. The nickel wire is mainly used in semiconductors, aerospace, and defense.
Use of proceeds and listing plan
The funds are intended to support research and commercialization of nickel products at its operating subsidiary, Green Transitional Metals. The company listed electromagnetic shielding, aerospace and defense, semiconductors, electric industrial systems, green hydrogen, and rare and precious metal recycling among the target fields.
Bitfinex Securities will advance the ALKN listing, and the initial subscription for qualified investors will remain open through Oct. 15.
The product is described as one of the world’s first tokenized nickel offerings and the first tokenized commodity issuance under El Salvador’s digital asset regulatory framework.
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