Alkemya Metacore Completes $50 Million Financing Led by Gumi Cryptos Capital

Alkemya Metacore has announced the completion of a $50 million pre-IPO financing round and plans to further raise funds by issuing tokenized equity, ALKN. This round was led by Gumi Cryptos Capital, with participation from Maven 11, Metalayer, Joint Effects, and Tribe Capital. Alkemya Metacore possesses approximately 7 million meters of ultra-pure nickel wire with a purity of 99.99%, measuring just 0.025 millimeters in diameter, independently valued at around $1.64 billion, with assets custodied by an institution in Lugano, Switzerland. The company plans to use the financing to process the nickel wire into engineered mesh products for applications in electromagnetic shielding, aerospace and defense, marine and seawater desalination, power and industry, semiconductors, green hydrogen, and precious metal recovery. The ALKN token will be issued by Alkemya Metacore SCSp in Luxembourg and is planned to be traded on regulated platforms such as Bitfinex Securities. The new ALKN issuance price is set at $1 per token, aimed at institutional and professional investors, with a deadline for issuance on October 15. Investor capital will be prioritized for full repayment and will receive a preferred return calculated at an annual compound rate of 6%, while profits from business operations will be shared between token holders and partners at an 80:20 ratio. The company stated that tokenized securities will help it reach global investors and provide a 24/7 on-chain trading channel for traditional physical assets.

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