Bitfinex Securities is raising $50 million through a tokenized security backed by nickel wire. The ALKN token represents interests in a limited partnership holding approximately 7 million linear meters of 99.99% pure nickel wire stored in a Swiss vault, valued between $1.6 billion and $1.64 billion. Each token is priced at $1.00 with an intrinsic launch value of approximately $2.05, for a maximum supply of 800 million tokens and a minimum investment of $120,000. The platform operates on the Liquid Network, a Bitcoin sidechain developed by Blockstream, leveraging Tether’s Hadron technology and the AMP protocol. Bitfinex Securities manages approximately $250 million in assets under management and also offers tokenized US Treasury bills.
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