Investment and operations platform Alkemya Metacore has completed a $50 million pre-IPO funding round and plans to issue tokenized equity under the ticker ALKN to raise additional capital, according to Decrypt. Gumi Cryptos Capital led the round, with Maven 11, Metalayer, Joint Effects and Tribe Capital participating. The company holds about 7 million meters of ultra-high-purity nickel wire with 99.99% purity and a diameter of 0.025 millimeters. Independent verification values the asset at approximately $1.64 billion; the wire is in institutional custody in Lugano, Switzerland. Proceeds will be used to process the nickel wire into engineered mesh products applied in electromagnetic shielding, aerospace and defense, marine and desalination, power and industrial systems, semiconductors, green hydrogen and precious metal recovery. ALKN will be issued by Luxembourg-based Alkemya Metacore SCSp and is expected to trade on regulated venues such as Bitfinex Securities. Priced at $1 per token, the offering is open to institutional and professional investors until October 15. Under the return mechanism, investor capital is repaid first and receives a preferred return of 6% compounded annually. Commercial profits are split 80:20 between token holders and partners. The company says tokenized securities will help it reach global investors and provide 24/7 on-chain trading for traditional physical assets.
As reported by Decrypt, investment and operations platform Alkemya Metacore has completed a $50 million pre-IPO funding round and plans to raise more capital through a tokenized equity offering under the ticker ALKN. Gumi Cryptos Capital led the round; Maven 11, Metalayer, Joint Effects and Tribe Capital also took part.
The platform controls roughly 7 million meters of ultra-high-purity nickel wire. The wire has a purity of 99.99% and a diameter of 0.025 millimeters, and independent verification values the holdings at approximately $1.64 billion. The asset is currently held in institutional custody in Lugano, Switzerland. According to the company, funds from the round will be used to turn the nickel wire into engineered mesh products for electromagnetic shielding, aerospace and defense, marine and desalination, power and industrial applications, semiconductors, green hydrogen and precious metal recovery.
ALKN token details
ALKN tokens will be issued by Alkemya Metacore SCSp, a Luxembourg entity, and are expected to be listed on regulated trading venues including Bitfinex Securities. The new issuance is priced at $1 per token, limited to institutional and professional investors, and runs until October 15.
The distribution mechanism gives investor capital priority for full repayment, then a preferred return calculated at 6% compounded annually. Operational profit from the commercial business is split 80:20 between token holders and partners.
Tokenized securities will help the company reach global investors and offer a 24/7 on-chain trading channel for traditional physical assets, the company said.
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