ALKN is a digital asset representing tokenised limited partnership interests in Alkemya Metacore SCSp, a Luxembourg special limited partnership. The partnership’s principal asset is a strategic inventory of 7,026,905 linear metres of 99.99% pure (NP1-grade) nickel wire.
This industrial-grade asset has been independently valued at approximately USD 1.6 billion. The valuation was conducted by ASACERT, a specialized engineering and certification firm, with its methodology reviewed by Deloitte. The asset’s existence and quantity have been physically verified by independent inspectors, and it is secured in a high-security vault in Lugano, Switzerland.
Important: This token is only available on the Bitfinex Securities platform and not the Bitfinex exchange.
Note: If you have been redirected to this Bitfinex Securities article because you have indicated an intention to purchase the ALKN token during the Capital raise or in secondary market you need to provide certain confirmations, and sign a limited partnership agreement with, Alkemya Metacorp SCSp (the Issuer) here.
- Once you have taken these steps the Issuer will inform Bitfinex Securities that there are no impediments to adding your name to its register of limited partners. On receipt of this confirmation, Bitfinex Securities will open its trading facilities for you to purchase the tokens.
- If you purchase during a capital raise, you will need to execute the sale agreement on the site in the normal way. Bitfinex Securities will inform the issuer of your purchase, and your name will be added to the issuer’s register prior to tokens being allocated to you.
- Purchases in the secondary market will be possible shortly after Bitfinex Securities receives confirmation of your eligibility from the issuer. After your initial purchase Bitfinex Securities will inform the issuer that you have purchased tokens in order for your name to be added to its register of limited partners.
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Alkemya (ALKN) — Frequently Asked Questions (FAQ)
— What specific assets back the ALKN token?
Each ALKN token represents a fractional interest in the partnership, whose primary asset is 7,026,905 linear metres of 99.99% pure, 0.025mm diameter NP1-grade nickel wire [1, 18]. This entire inventory is ring-fenced, unencumbered, and physically held in custody at Helvetic Securgest, a secure vaulting facility in Lugano, Switzerland.
— What is the intended use of proceeds from the offering?
The proceeds received by Alkemya from the sale of the Tokens in the Bitfinex platform will be used (i) to inject additional capital into the Partnership for working capital purposes of the Partnership, including (a) to finance, through an intermediate holding company in Malta , GTX, a subsidiary limited liability private company incorporated and located in Singapore (GTX), to invest in targeted research by, among others, establishing an R&D facility , financing research CAPEX equipment, working capital towards the lead research head and the lab technicians or procurement of additional samples for testing and development of new mesh design, product development, and invest in a mesh manufacturer (s) and a product distributor (s), and purchase of nickel wire from the Partnership and carry out trading activities in relation to the manufactured product and (b) to pay management fees to GTX for carrying out management services to the Partnership and (ii) to repay Alkemya’s outstanding debt. Alkemya may also provide working capital to other entities, so these undertake commercial activities relevant to the above operations
— What independent audits, verifications, and proof of custody are available?
ALKN’s asset backing is validated by a multi-layered, international verification process:
- Custody & Physical Verification: The asset is held under a safe keeping receipt at Helvetic Securgest in Switzerland. Physical inspections confirming quantity and condition were conducted by ASACERT and Studio Rayneri.
- Valuation & Audit: The asset was appraised by ASACERT UK, with the valuation methodology reviewed by Deloitte. The partnership’s accounts are audited by Ria Grant Thornton.
- Scientific & Technical Validation: The material’s purity, properties, and suitability for advanced applications have been independently tested and confirmed by six world-class institutions, including NTU Singapore, IIT Delhi, and the NASA-certified Lectromec laboratory in the US.
— How is the value of the tokens determined?
The token's intrinsic value is directly derived from the independently appraised value of the underlying nickel wire asset, divided by the total number of tokens. With an asset valuation of approximately USD 1.64 billion and a total supply of 800 million tokens, the intrinsic value per token is USD 2.05. The offering price of USD 1.00 represents a significant, mathematically verifiable discount to the net asset value at the time of launch.
— What is the difference between the offering price and the intrinsic value?
Alkemya Metacore SCSp, the Partnership, owns nickel wire asset with a value of USD 1.6 billion which it acquired under an in-kind Contribution Agreement dated 22 September 2025 from Alkemya Luxembourg Sarl (“Alkemya”) and in exchange issued 800 million digital LP interests to Alkemya. The asset was valued on the balance sheet of Alkemya filed with the Tax authorities and with the RCS at Euro 1.4 billion with an equivalent USD value of USD 1.6 billion. So, it was at fair value and did not trigger any tax impact on the partnership. On the balance sheet of the Partnership, it shows an asset with a value of USD 1.64 billion and on the capital structure side of its balance sheet it shows 800 million digital LP interests at USD 1.0 per LP interest ( the tokens) with an equity reserve of USD 800 million to balance the accounts. This balance sheet was filed with CNAD. Since the entire asset is owned by the Partnership, the intrinsic value is arrived at by taking USD 1.64 billion asset value and dividing it by USD 800 million outstanding digital LP interests to arrive at USD2.05 intrinsic value per digital LP interest (tokens). Issue price: is USD 1.00 per digital LP interest . Intrinsic value: USD 1.64 billion/800 million = USD 2.05 per digital.
— What is the vesting schedule for the 600M tokens not included in this offering?
Of the 800 million total token supply, 600 million tokens (75%) are subject to a structured five-year vesting framework to ensure long-term alignment and market stability. Treasury and partner tokens follow a linear monthly vesting schedule over 60 months, with a 12-month cliff period before any tokens begin to unlock.
— What blockchain will ALKN be issued on?
ALKN will be issued on the Liquid Network, a Bitcoin layer-2 solution, using the Blockstream AMP platform. This technology enables the management of regulated securities by allowing the issuer to maintain a whitelist of accounts that have completed mandatory KYC/AML checks. This ensures that only compliant, eligible investors can hold or transact ALKN tokens.
— What are the risks associated with ALKN?
As with any investment, there are risks involved. Investors should carefully review the comprehensive "Risk Factors" section detailed in the official Relevant Information Document and other offering materials.
— Who is the regulator overseeing this listing?
The primary offering has been approved by the National Digital Asset Commission (CNAD) of El Salvador, under which ALKN is registered as a digital asset.
If you have any questions please feel free to contact Bitfinex Support for further assistance.