Alkemya Metacore Raises $50M in Pre-IPO Funding Led by Gumi Cryptos Capital

Odaily News: This funding round was led by Gumi Cryptos Capital, with participation from Maven 11, Metalayer, Joint Effects, and Tribe Capital. Alkemya Metacore primarily holds ultra-high-purity nickel wire with a length of approximately 7 million meters, a purity of 99.99%, and a diameter of 0.025 millimeters. This asset has been independently verified to be valued at approximately $1.64 billion and is currently held in institutional custody in Lugano, Switzerland. The company plans to process the nickel wire into engineered mesh products for applications in electromagnetic shielding, aerospace and defense, marine and desalination, power and industrial, semiconductors, green hydrogen, and precious metal recovery. It will also raise additional funds by issuing tokenized equity, ALKN. ALKN is issued by Alkemya Metacore SCSp in Luxembourg and is planned to be traded on regulated platforms such as Bitfinex Securities. The new offering price is $1 per token, aimed at institutional and professional investors, with the offering deadline set for October 15. According to the revenue distribution mechanism, investor capital will receive full repayment first, along with a preferred return of 6% per annum compounded annually. Commercial business profits will be shared between token holders and partners in an 80:20 ratio.