Bitfinex Securities, the tokenized asset trading platform affiliated with crypto exchange Bitfinex, said it is preparing to list a new security called ALKN, linked to Luxembourg industrial metals platform Alkemya Metacore. The underlying core asset is a stockpile of high-purity nickel wire valued at $1.6 billion, or about 7 million meters, currently stored in Switzerland. The material is used across semiconductor, aerospace, and defense applications. Through the tokenized offering, Alkemya Metacore is seeking to raise $50 million. The proceeds are set to support its operating subsidiary, Green Transitional Metals, in developing and commercializing nickel products for electromagnetic shielding, aerospace and defense, semiconductors, electric industrial systems, green hydrogen, and precious and rare metal recycling. Initial subscriptions for qualified investors will remain open until Oct. 15. According to CoinDesk, the deal is described as one of the world’s first tokenized nickel products and the first tokenized commodity issuance under El Salvador’s digital asset regulatory framework.
Bitfinex Securities, the tokenized asset trading platform affiliated with crypto exchange Bitfinex, said on Aug. 27 that it is preparing to list a new security, ALKN, linked to Luxembourg industrial metals platform Alkemya Metacore.
Alkemya Metacore’s core asset is a stockpile of high-purity nickel wire valued at $1.6 billion, or about 7 million meters. The metal wire is currently stored in Switzerland and is used in sectors including semiconductors, aerospace, and defense.
Through the tokenized structure, Alkemya Metacore plans to raise $50 million. The proceeds will support its operating subsidiary, Green Transitional Metals, in the research, development, and commercialization of nickel products for electromagnetic shielding, aerospace and defense, semiconductors, electric industrial systems, green hydrogen, and precious and rare metal recycling.
Initial subscriptions for qualified investors in the ALKN token will run through Oct. 15. CoinDesk described it as one of the world’s first tokenized nickel products and the first tokenized commodity issuance under El Salvador’s digital asset regulatory framework.
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