MV Capital - Alkemya Metacore Raises $50 Million in Pre-Launch Tokenised Equity Round for Nickel Wire Expansion

Luxembourg platform secures institutional capital ahead of ALKN token listing on Bitfinex Securities to commercialise ultra-pure nickel assets

Alkemya Metacore SCSp has completed an initial USD 50 million pre-launch capital raise for its precision industrial nickel wire operations. The funding supports plans to convert high-purity nickel holdings into engineered mesh products for multiple industrial markets. Alkemya Luxembourg S.à.r.l., the sponsor, confirmed the close and the launch of a further tranche of ALKN tokens priced at USD 1.00 each.

The offer is arranged by Hanover Square Capital (UK) Ltd and will be conducted on Bitfinex Securities. It is open to institutional and professional investors and is scheduled to close on 15 October 2026. The tokens are issued by Alkemya Metacore SCSp, a Luxembourg special limited partnership registered as an issuer with the National Commission of Digital Assets in El Salvador.

Underlying Asset and Custody

Alkemya Metacore holds approximately 7 million metres of 99.99 percent ultra-pure nickel wire with a diameter of 0.025 mm. The inventory has been independently verified and valued at roughly USD 1.64 billion. The material remains in institutional custody in Lugano, Switzerland. The platform specialises in the industrial development, commercialisation and financial structuring of high-technology metals.

Proceeds from the initial raise and subsequent tranches will provide working capital to convert the wire into engineered mesh tailored for seven application areas: electromagnetic interference shielding, aerospace and defence, marine and desalination, power and industrials, semiconductors, green hydrogen, and rare and precious metals recovery.

Token Structure and Investor Returns

The ALKN tokens combine exposure to the physical nickel asset with participation in the commercialisation of related technologies linked to energy transition and electronic security. Cash distributions follow a defined waterfall. Investor capital is returned in full first. Token holders then receive cumulative distributions equal to a 6 percent per annum compound preferred return calculated annually on outstanding capital. Remaining profits from the commercial business are shared 80/20 in favour of token holders with a carry partner.

Listing on Bitfinex Securities is intended to provide access to a regulated 24/7 secondary market and a broader base of global institutional investors. The tokens are also planned for trading on AGX, operated by LabyrinthX Technologies Pte Ltd within the Hydra X group, and on Archax Ltd. HydraX Digital Assets Pte. Ltd. serves as custodian and distribution partner in Asia, while Archax performs a comparable role in the United Kingdom. Scytale supplies onboarding technology for Luxembourg and EU compliance.

“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.”Carlo Guido Della Peruta, Manager of the General Partner of Alkemya Metacore

“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.”Jesse Knutson, Head of Operations at Bitfinex Securities

“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.”Arvinder Sood, CEO and Director at Hanover Square Capital (UK) Ltd

Advisory and Regulatory Framework

Legal counsel included CMS DeBacker for Luxembourg matters, Dentons El Salvador for El Salvador law, Foley and Lardner for United States aspects, and CNPLaw LLP for Singapore. Winston Taylor advised Bitfinex Securities. The Edison Group handled investor relations and prepared a pre-IPO research note.

Bitfinex Securities operates as a regulated venue for the issuance and trading of tokenised securities under licences in El Salvador and Kazakhstan. The offering is limited to institutional and professional investors. No retail investors under MiFID II definitions in the European Union or European Economic Area may participate. The tokens are not registered under the US Securities Act of 1933 and will be offered only in offshore transactions under Regulation S. The offering is also restricted to institutional investors in Singapore.

Hanover Square Capital (UK) Ltd is a London-based regulated advisory firm focused on energy transition, climate solutions, debt and equity placements, and related project finance. It is a member of the UK Sustainable Investment and Finance Association and works with corporate, governmental and institutional clients globally.