Bitfinex Securities raises record $50M for Alkemya nickel token

Bitfinex Securities has completed a record $50 million tokenized capital raise for metals company Alkemya through a security backed by partnership interests tied to an independently valued $1.64 billion nickel asset base. Summary Bitfinex Securities completed a record $50 million capital raise for Alkemya through its ALKN tokenized security. ALKN represents fractional interests in a Luxembourg partnership holding nickel wire independently valued at about $1.64 billion. Alkemya plans to use the proceeds to commercialize engineered nickel products for applications including semiconductors. Additional ALKN tokens will remain available to eligible investors until Oct. 15, with secondary trading delayed until at least the next fundraising tranche. Bitfinex Securities and Alkemya said in an announcement on Thursday that the fundraising involved ALKN, a tokenized security representing limited partnership interests in Luxembourg-based Alkemya Metacore SCSp. The partnership owns about 7 million meters of 99.99% pure nickel wire, according to the companies. Its nickel holdings have been independently valued at about $1.64 billion, giving Alkemya an asset base against which it can raise capit...