Bitfinex Securities completes record $50M tokenized capital raise
Bitfinex Securities has successfully completed a $50 million tokenized capital raise for Alkemya, marking the platform's largest RWA offering to date. The raise involves the ALKN token, which represents limited partnership interests in the Luxembourg-based entity Alkemya Metacore SCSp. This partnership holds approximately 7 million meters of high-purity nickel wire, independently valued at roughly $1.64 billion. By tokenizing these interests, Alkemya enables fractional, digitally transferable ownership, allowing the firm to raise capital against its physical metal reserves. The proceeds are earmarked for the commercialization of engineered nickel products, specifically targeting the semiconductor industry. This milestone surpasses Bitfinex Securities' previous record of $30 million for the USTBL tokenized U.S. Treasury product. The successful execution of this raise highlights the growing institutional appetite for tokenizing industrial commodities beyond traditional financial instruments. The ALKN tokens remain available to eligible investors until October 15, with secondary market trading scheduled to commence following the next fundraising tranche.
- ▸Bitfinex Securities raised $50 million for Alkemya, its largest tokenized capital raise to date.
- ▸ALKN tokens represent fractional partnership interests in 7 million meters of high-purity nickel wire.
- ▸The underlying nickel assets are independently valued at approximately $1.64 billion.
- ▸Capital will fund the commercialization of engineered nickel products for the semiconductor sector.
Bitfinex Securities is a regulated platform that facilitates the issuance and trading of tokenized real-world assets, operating under specific legal frameworks such as El Salvador’s Digital Asset Law. It allows issuers to raise capital by converting traditional assets or partnership interests into digital tokens, providing investors with fractional ownership and increased liquidity for non-traditional asset classes.