Bitfinex Securities opened a $50M offering of ALKN, a tokenized nickel product from Luxembourg's Alkemya backed by a $1.6B stockpile of high-purity nickel wire held in Swiss custody.

ALKN is a listed instrument of Alkemya Metacore, the Luxembourg parent, with a Singapore commercial entity (GTX) and Swiss custody. Proceeds fund Alkemya's operating subsidiary, Green Transitional Metals, to commercialize engineered nickel for EMI shielding, aerospace and defense, semiconductors, power and industrial systems, green hydrogen and metals recovery. It is billed as one of the first tokenized nickel products and the first tokenized commodity under El Salvador's digital-asset framework, with primary subscription open to eligible investors until October 15.

The deal extends the drive to put physical commodities on-chain, giving investors regulated, blockchain-based exposure to an industrial metal tied to the energy transition.

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