NewsCryptoAlkemya Metacore Raises $50 Million Ahead of ALKN Token Listing on Bitfinex Securities

Alkemya Metacore Raises $50 Million Ahead of ALKN Token Listing on Bitfinex Securities

Author: FinancePolice·

Key Takeaways

  • Alkemya Metacore raised USD 50 million before launch for its precision industrial nickel wire business backed by Class 1 nickel wire.
  • The company is selling additional ALKN tokens at USD 1.0 each through Bitfinex Securities, with the offering scheduled to close on 15 October 2026.
  • Alkemya Metacore says it owns about 7 million metres of 99.99% ultra-pure nickel wire that has been independently valued at approximately USD 1.64 billion and held in custody in Lugano, Switzerland.
  • Proceeds from the raise will support the conversion of the wire into engineered mesh products for applications in seven sectors, including EMI shielding, aerospace and defence, semiconductors and green hydrogen.
  • The ALKN tokens are intended to trade on three regulated exchanges, and the distribution structure includes return of capital first, followed by a 6% annual preferred return and an 80/20 split of later profits in favour of token holders.
Alkemya Metacore Raises $50 Million Ahead of ALKN Token Listing on Bitfinex Securities

London, Sept. 1, 2026, Chainwire — Alkemya Luxembourg S.à.r.l. (“Alkemya”), the sponsor, said 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.

The company also announced the sale of additional ALKN tokens in a new tranche at USD 1.0 per token. The offer, arranged by Hanover Square Capital (UK) Ltd, will take place on Bitfinex Securities and is available to institutional and professional investors. The offering is set to close on 15 October 2026.

The tokens are issued by Alkemya Metacore SCSp (“Alkemya Metacore”), a special limited partnership based in Luxembourg and registered as an issuer with CNAD, the National Commission of Digital Assets, in El Salvador.

Alkemya Metacore is a Luxembourg-based investment and operating platform focused on the industrial development, commercialisation and financial structuring of high-technology metals. It owns approximately 7 million metres of 99.99% ultra-pure nickel wire with a 0.025 mm diameter, which has been independently verified and valued at approximately USD 1.64 billion. The asset is held in institutional custody in Lugano, Switzerland.

Alkemya said part of the initial capital raise, together with proceeds from additional tranches, will be used as working capital in Alkemya Metacore to support its commercialisation strategy. The plan is to transform the ultra-pure wire into engineered mesh products for applications across seven sectors: EMI shielding, aerospace and defence, marine and desalination, power and industrials, semiconductors, green hydrogen, and rare and precious metals recovery.

The company said the successful pre-listing capital raise marks a major milestone for the offering and reflects confidence in the exposure to high-purity nickel and in the structure of the issue. The token is intended to combine an asset-backed investment with exposure to energy transition and electronic security technologies.

Listing the token on Bitfinex Securities is expected to allow Alkemya to use tokenisation to reach a broader global investor base and trade on a regulated, 24/7 venue. The tokens are intended to provide long-term investment value linked to real-world applications and technology.

Cash distributions will follow a waterfall structure that first returns investor capital in full, then provides cumulative distributions equal to a 6% per annum compound interest calculation, described as the preferred return, on the investor capital outstanding from the date of payment until final repayment. After that, commercial business profits will be split 80/20 with a carry partner in favour of token holders.

Carlo Guido Della Peruta, Manager of the General Partner of Alkemya Metacore, said: “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, said: “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. Hanover Square Capital believes that 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.”

Bitfinex Securities said it 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 CMS DeBacker in Luxembourg on Luxembourg law aspects, Dentons El Salvador on El Salvador law aspects, Foley and Lardner in the US on US law aspects, and CNPLaw LLP in Singapore on Singapore law aspects. Winston Taylor acted for Bitfinex Securities. 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, a company in the Hydra X group, and Archax Ltd. HydraX Digital Assets Pte. Ltd. is the custodian and distribution partner in Asia, while Archax has a similar role in the UK. Scytale, the technology firm, is providing onboarding technology services for compliance to Alkemya Metacore under Luxembourg and EU law.

About Hanover Square Capital

Hanover Square Capital (UK) Ltd (“HSC”) is an independent, regulated advisory firm headquartered in London, composed of a small team of experienced finance professionals. The firm provides strategic advice across a range of areas, including energy transition and climate-related solutions, public and private debt and equity placements, bank financing, and project and commodity finance, along with advisory services on financial investments.

HSC says it has sector expertise spanning environment-related projects, infrastructure development, next-generation technologies with applications to electromagnetic shielding and efficient green energy production, with a particular emphasis on sustainability and the global energy transition. As a member of the UK Sustainable Investment and Finance Association (UKSIF), the firm says it is closely aligned with leading sustainability practices. Its client base includes large and mid-cap corporations, government and state agencies, selected institutional investors and professional investors. HSC is further supported by its connected company, Hanover Square Investments Pte. Ltd, based in Singapore.

About Bitfinex Securities

Bitfinex Securities provides a regulated platform for the issuance, listing and trading of tokenised securities. Licensed in El Salvador and Kazakhstan, Bitfinex Securities gives issuers and eligible investors access to digital securities markets within established regulatory frameworks.

The platform supports capital raising and secondary market trading for tokenised securities, including real-world asset-linked opportunities. By combining market infrastructure, technology and regulatory oversight, Bitfinex Securities says it aims to make capital formation more efficient, transparent and accessible for issuers and investors.

Media Contact

Richard Morgan Evans
rmorganevans@sapiencecomms.co.uk

Jonathan Batchelor
jbatchelor@sapiencecomms.co.uk

Sapience Communications
+44 (0) 203 841 7610

Disclaimer

No offering is being made in the European Union or the European Economic Area, and no retail investors within the meaning of Directive 2014/65/EU (as amended, “MiFID II”) will be admitted as purchasers of the ALKN Tokens. The ALKN Tokens are also exempt from the obligation to publish a prospectus for offers to the public under Regulation (EU) 2017/1129, as amended, because the offering will only be addressed to qualified investors in the EEA/EU. The offering is limited to institutional investors in Singapore.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the ALKN Tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the US Securities Act of 1933, as amended, the securities laws of any U.S. state, or the securities laws of any other jurisdiction outside El Salvador, nor is such registration contemplated. The ALKN Tokens will only be offered and sold outside the United States, as defined in Regulation S under the Securities Act, in offshore transactions pursuant to Rule 903 or Rule 904 of Regulation S and in accordance with any other applicable securities laws where such offers and sales are made. The ALKN Tokens have not been and will not be offered or sold within the United States.

The information in this news release may include forward-looking statements under applicable securities laws. These forward-looking statements are expressly qualified in their entirety by this cautionary statement. The statements are made as of the date of the document, and Alkemya Metacore and Alkemya disclaim any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes the expectations reflected in these statements are reasonable, there can be no assurance that they will prove correct.

None of Bitfinex Securities, Archax Ltd or the Hydra X group accepts responsibility for the adequacy or accuracy of this news release.

Since this offering is not targeting US investors under Regulation S and is similarly not targeting EU retail investors under EU Directive 2014/65/EU, as amended, or non-institutional investors in Singapore, this announcement is not intended for US investors, retail investors in the EU or non-institutional investors in Singapore. US investors, EU retail investors and non-institutional investors in Singapore are considered prohibited investors under the ALKN Token offering.

Jonathan Batchelor
Sapience
jbatchelor@sapiencecomms.co.uk