London, London, September 1st, 2026 - Alkemya Luxembourg S.à.r.l., acting as sponsor, confirmed that Alkemya Metacore SCSp has secured an initial USD 50 million in a pre-launch capital raise for its precision industrial nickel wire business. The partnership also announced a new tranche sale of ALKN tokens priced at USD 1.00 per token, with the offering arranged by Hanover Square Capital (UK) Ltd and intended to be listed on Bitfinex Securities.
The token sale is structured for institutional and professional investors and is scheduled to close on 15 October 2026. The ALKN tokens are issued by Alkemya Metacore SCSp, a Luxembourg special limited partnership which is registered as an Issuer with the CNAD (National Commission of Digital Assets) in El Salvador.
Alkemya Metacore positions itself as a Luxembourg-based investment and operating platform focused on the industrial development, commercialisation and financial structuring of high-technology metals. Central to the offering is an inventory of approximately 7 million metres of ultra-pure nickel wire, specified as 99.99% purity and 0.025 mm diameter. That inventory has been independently verified and is described as having an approximate valuation of USD 1.64 billion. The physical asset is held in institutional custody in Lugano, Switzerland.
According to the issuer, proceeds from the initial capital raise and further funds expected from subsequent tranches will be deployed as working capital inside Alkemya Metacore. The stated purpose is to finance the commercialisation strategy of converting the ultra-pure nickel wire into engineered mesh products designed for high-growth applications across seven sectors: EMI shielding; aerospace and defence; marine and desalination; power and industrials; semiconductors; green hydrogen; and rare and precious metals recovery.
Company representatives framed the fundraising success as a validation of both the underlying asset quality and the structure of the tokenised offering. The ALKN token is presented to investors as combining an asset-backed exposure to high-purity nickel with thematic exposure to energy transition and electronic security technologies.
Listing the tokens on Bitfinex Securities is intended to leverage tokenisation to broaden access to global investors via a regulated, continuously operating trading venue. The issuer states that the tokens aim to deliver long-term investment value linked to real-world applications and technology, and that cash distributions will follow a pre-defined waterfall arrangement. That waterfall first returns investor capital in full, then provides cumulative distributions equal to a 6% per annum compound interest calculated annually on invested capital outstanding from payment to final repayment, and finally allocates additional profits via an 80/20 profit split with a carry partner in favour of token holders arising from the commercial business.
Carlo Guido Della Peruta, Manager of the General Partner of Alkemya Metacore, commented on the raise: "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, added: "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 were using blockchain technology to bring previously inaccessible asset classes to market within stringent regulatory guardrails, and Alkemyas 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, described the transaction as illustrative of changing capital market structures: "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 is described in the release as a regulated venue that combines blockchain technology with regulated market access for issuers and eligible investors. The ALKN tokens will be made available for trading across three regulated exchanges: Bitfinex Securities; AGX, which is operated by LabyrinthX Technologies Pte Ltd, a company in the Hydra X group; and Archax Ltd.
HydraX Digital Assets Pte. Ltd. is named as the custodian and distribution partner in Asia, with Archax covering a similar role in the UK. Scytale is identified as the technology firm providing onboarding technology services to support compliance with Luxembourg and EU law for Alkemya Metacore.
The offering was advised by a set of law firms covering the relevant jurisdictions: CMS DeBacker in Luxembourg for Luxembourg law aspects; Dentons El Salvador for El Salvador law aspects; Foley and Lardner in the United States for US law aspects; and CNPLaw LLP in Singapore for Singapore law aspects. Winston Taylor is noted as acting for Bitfinex Securities. The Edison Group advised on investor relations and issued a pre-IPO research note.
Structure of distributions and investor economics
The investor economics outlined in the announcement are explicit about priority and splitting. Cash distributions are to be governed by a strict waterfall. The priority is return of invested capital in full, followed by cumulative distributions equal to a 6% per annum compound interest calculated annually on investor capital outstanding from payment to final repayment. Any further profit from the commercial business is then subject to an 80/20 profit split with a carry partner, with the larger share allocated to token holders.
This structure is presented as aligning investor incentives with the commercial development of engineered mesh products derived from the ultra-pure nickel wire asset.
Regulatory and offering limitations
The release includes a range of distribution and regulatory limitations that frame where and to whom the ALKN Tokens can be offered. No offering is being made in the European Union or the European Economic Area, and no retail investors as defined by Directive 2014/65/EU (as amended, "MiFID II") will be admitted as purchasers of the ALKN Tokens. Within the EEA/EU the offering is stated to be addressed only to qualified investors, and the release notes that the ALKN Tokens are exempt from the obligation to publish a prospectus under Regulation (EU) 2017/1129, as amended, since the offering will be directed to qualified investors.
Separately, the offering is limited to institutional investors in Singapore. The ALKN Tokens have not been and will not be registered under the US Securities Act of 1933, as amended, the securities laws of any US state or other jurisdictions outside El Salvador, and no such registration is contemplated. The tokens will only be offered and sold outside the United States in offshore transactions pursuant to Regulation S and in accordance with applicable securities laws where offers and sales occur. The release reiterates that ALKN Tokens will not be offered or sold within the United States.
The announcement also contains the usual forward-looking statements caution, noting that such statements are qualified in their entirety by the accompanying cautionary language and that Alkemya Metacore and Alkemya disclaim any obligation to update forward-looking statements except as required by applicable securities legislation.
Advisors, partners and distribution network
The release lists the advisers and distribution partners supporting the transaction. Legal advisers include CMS DeBacker, Dentons El Salvador, Foley and Lardner, CNPLaw LLP, and Winston Taylor for Bitfinex Securities. The Edison Group advised on investor relations and provided a pre-IPO research note. Custody and distribution partners identified are HydraX Digital Assets Pte. Ltd. for Asia and Archax Ltd for the UK. Scytale is acting as the onboarding technology provider to ensure compliance with Luxembourg and EU law.
Hanover Square Capital (UK) Ltd is described as the arranging firm for the offer. The firm is presented as an independent, regulated advisory boutique headquartered in London, with sector expertise spanning energy transition and climate-related solutions, public and private debt and equity placements, bank financing, project and commodity finance, and advisory services on financial investments. The release states that HSC is a member of the UK Sustainable Investment and Finance Association (UKSIF) and that its client base is global, including large and mid-cap corporations, government and state agencies, institutional investors and professional investors. HSC is also supported by a connected company, Hanover Square Investments Pte. Ltd, based in Singapore.
Market access and platform description
Bitfinex Securities is described as providing a regulated platform for issuance, listing and trading of tokenised securities. Licensed in El Salvador and Kazakhstan, the platform is presented as supporting capital raising and secondary market trading for tokenised securities, including real-world asset linked opportunities, combining market infrastructure, technology and regulatory oversight to provide access to digital securities markets within established regulatory frameworks.
Contacts and legal notices
Media contacts listed in the announcement are Richard Morgan Evans and Jonathan Batchelor at Sapience Communications, with a telephone number of +44 (0) 203 841 7610 and email addresses [email protected] and [email protected]. The release also includes cautionary language about forward-looking statements and a notice that none of Bitfinex Securities, Archax Ltd or the Hydra X group accepts responsibility for the adequacy or accuracy of the release.
The announcement reiterates that US investors, EU retail investors and non-institutional investors in Singapore are prohibited from participating in the offering and that this announcement is not intended for those groups. The ALKN Tokens are to be offered only to eligible investors under the stated regulatory regimes.
Conclusion
The initial $50 million pre-launch close represents a formal step toward the tokenised equity offering for Alkemya Metacore, anchoring the issuers stated plan to convert an independently verified ultra-pure nickel wire inventory held in institutional custody into engineered mesh products across a defined set of end markets. The combination of a tokenised issuance, a regulated listing venue and a defined distribution waterfall frames the economic proposition presented to institutional and professional investors ahead of the planned listing and further tranches of token issuance.
As disclosed in the release, further detail on timing, trading and allocation will be determined as the offering progresses toward the closing date and listing on the identified regulated venues.