⚠️ 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. 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 capital through the tokenized structure.

🔔 For Bitfinex Securities, the $50 million total is the largest capital raise completed on its platform. The company said in the announcement that its previous record stood at $30 million and involved USTBL, a tokenized product linked to short-term U.S. Treasuries. Following the Alkemya transaction, Bitfinex Securities has now completed seven capital raises and listed 16 assets, according to figures provided by the platform.

🔖 ALKN is also Alkemya’s first tokenization project, an Alkemya spokesperson said in the announcement. Under the structure, eligible investors receive fractional interests in Alkemya Metacore SCSp in digital form, with the tokens designed to be transferable between eligible holders. The fundraising gives Alkemya capital against its existing nickel holdings without requiring the company to sell the full underlying asset position. Proceeds from the offering are expected to fund the commercialization of engineered nickel products for industrial uses, including semiconductor applications.