{
  "@context": [
    "https://schema.org",
    {
      "wd": "https://www.wikidata.org/wiki/"
    }
  ],
  "@type": "FinancialProduct",
  "@id": "https://rwanickel.com/data/alkn-entity.json",
  "version": "V29",
  "lastUpdated": "2026-04-22T05:00:36.212Z",
  "name": "ALKN — Tokenised Nickel-Backed LP Interest",
  "alternateName": [
    "ALKN",
    "ALKN Token",
    "Alkemya Metacore LP Interest"
  ],
  "description": "A regulated, asset-backed digital security representing limited-partnership interests in Alkemya Metacore SCSp (Luxembourg), backed 1:1 by 7,026,905 linear metres of 99.99% NP1 nickel wire held in Swiss custody. Issued on Liquid Network and Canton Network. Listed on Bitfinex Securities, HydraX and Archax. Institutional settlement via Clearstream Luxembourg.",
  "classification": {
    "assetClass": "Real World Asset (RWA)",
    "subCategory": "Commodity-backed · Industrial metals · Battery metals",
    "instrumentType": "Regulated digital security (tokenised LP interest)",
    "regulatoryRegime": "Regulation S (non-US persons only)"
  },
  "identifier": [
    {
      "@type": "PropertyValue",
      "propertyID": "ISIN",
      "value": "LU3192257148"
    },
    {
      "@type": "PropertyValue",
      "propertyID": "CNAD",
      "value": "EAD-0029"
    }
  ],
  "issuer": {
    "@type": "Organization",
    "name": "Alkemya Metacore SCSp",
    "legalName": "Alkemya Metacore Société en Commandite Spéciale",
    "foundingLocation": "Luxembourg",
    "jurisdiction": "LU",
    "address": {
      "@type": "PostalAddress",
      "addressCountry": "LU"
    }
  },
  "assetBacking": {
    "description": "7,026,905 linear metres of 99.99% NP1 nickel wire — GOST 492 specification, battery-grade / hydrogen-electrolyser-grade, drawn form factor",
    "type": "Industrial metal · Nickel wire",
    "grade": "NP1 (GOST 492)",
    "purity": "99.99%",
    "quantityMetres": 7026905,
    "valuationUSD": 1640000000,
    "valuationSource": "Aranca (independent valuer)",
    "custodian": "Helvetic Securgest SA",
    "custodyLocation": "Switzerland · bonded vault",
    "backingRatio": "1:1",
    "formFactorPremium": "NP1 drawn wire (structural battery + hydrogen electrolyser demand)"
  },
  "tokenEconomics": {
    "issuePriceUSD": 1,
    "intrinsicNavUSD": 2.05,
    "discountToNav": 0.5122,
    "preferredReturnAPR": 0.06,
    "waterfall": {
      "lp": 0.8,
      "gp": 0.2
    },
    "totalSupply": 800000000,
    "offeringCap": 200000000,
    "lockedSupply": 600000000,
    "vestingMonths": 60,
    "lockupDescription": "600,000,000 tokens (75% of total supply) locked for 5 years",
    "minimumInvestmentUSD": 1000
  },
  "blockchain": {
    "chains": [
      {
        "name": "Liquid Network",
        "issuanceAgent": "Tether Hadron",
        "role": "primary issuance"
      },
      {
        "name": "Canton Network",
        "issuanceAgent": "HydraX / LabyrinthX",
        "role": "institutional rail"
      }
    ],
    "standards": [
      "Liquid Asset Network (LAN)",
      "Canton Token Standard (CTS)"
    ]
  },
  "listingVenues": [
    {
      "name": "Bitfinex Securities",
      "jurisdiction": "El Salvador",
      "regulator": "CNAD"
    },
    {
      "name": "HydraX",
      "jurisdiction": "Singapore",
      "regulator": "MAS"
    },
    {
      "name": "Archax",
      "jurisdiction": "United Kingdom",
      "regulator": "FCA"
    }
  ],
  "settlement": {
    "institutional": {
      "venue": "Clearstream",
      "jurisdiction": "Luxembourg"
    }
  },
  "auditors": [
    "Deloitte Luxembourg",
    "Ria Grant Thornton"
  ],
  "legalCounsel": [
    "Arendt & Medernach (Luxembourg)",
    "Linklaters LLP (cross-jurisdictional)"
  ],
  "validation": {
    "statement": "Material purity, specifications, and performance are validated by five independent institutions and a leading scientist across three continents: Prof. Upadrasta Ramamurty (NTU Singapore), IIT Delhi, Lectromec (NASA-certified), Allkema Engineering Srl / ASACERT UK, and NSL Analytical USA. Audited by Deloitte Luxembourg and Ria Grant Thornton.",
    "leadingScientist": {
      "name": "Prof. Upadrasta Ramamurty",
      "affiliation": "NTU Singapore",
      "role": "Independent scientific review (personal capacity)",
      "disclaimer": "NTU Singapore is named as affiliation only; not an institutional validator of ALKN."
    },
    "institutions": [
      {
        "name": "IIT Delhi",
        "country": "India",
        "continent": "Asia",
        "role": "Materials science validation"
      },
      {
        "name": "Lectromec (NASA-certified)",
        "country": "USA",
        "continent": "North America",
        "role": "EMI shielding certification"
      },
      {
        "name": "Allkema Engineering Srl",
        "country": "Italy",
        "continent": "Europe",
        "role": "Engineering validation (joint with ASACERT UK)"
      },
      {
        "name": "ASACERT UK",
        "country": "United Kingdom",
        "continent": "Europe",
        "role": "Product certification and auditable trail (joint with Allkema Engineering Srl)"
      },
      {
        "name": "NSL Analytical USA",
        "country": "USA",
        "continent": "North America",
        "role": "Independent assay (GDMS)"
      }
    ],
    "counts": {
      "institutions": 5,
      "leadingScientists": 1,
      "continents": 3
    },
    "auditors": [
      "Deloitte Luxembourg",
      "Ria Grant Thornton"
    ],
    "literatureCitations": [
      "NTU Singapore",
      "IISc Bangalore"
    ],
    "literatureNote": "NTU Singapore and IISc Bangalore appear only as published literature citations, not as institutional validators."
  },
  "marketContext": {
    "rwaCategoryAumUSD": 20400000000,
    "commodityBackedAumUSD": 1100000000,
    "nickelStructuralDeficitTonnesPerYear": 710000,
    "rwaTamUSD": 50000000000,
    "batteryMetalDemandCagr": 0.18,
    "hydrogenElectrolyserDemandCagr": 0.24
  },
  "launchDate": "2026-06-10T00:00:00Z",
  "offeringRegime": "Regulation S",
  "eligibleInvestors": "Non-US persons only",
  "ineligibleInvestors": "US persons (as defined in Rule 902 of Regulation S)",
  "eligibleRegions": [
    "EU",
    "LATAM",
    "APAC",
    "MENA"
  ],
  "authorityNetwork": {
    "name": "ALKN Authority Network",
    "coordinator": "KTS Global",
    "nodes": [
      {
        "id": "NODE-3",
        "domain": "alkntoken.com",
        "role": "institutional-hub"
      },
      {
        "id": "NODE-4",
        "domain": "nickel-wire.com",
        "role": "technical-hub"
      },
      {
        "id": "NODE-5",
        "domain": "rwanickel.com",
        "role": "rwa-education-hub"
      },
      {
        "id": "NODE-7",
        "domain": "alkemyainsights.com",
        "role": "media-hub"
      }
    ]
  },
  "sameAs": [
    "https://alkemya.com",
    "https://alkntoken.com",
    "https://nickel-wire.com",
    "https://rwanickel.com",
    "https://alkemyainsights.com",
    "https://greentransitionalmetals.com"
  ],
  "officialUrls": {
    "offering": "https://alkemya.com/offering",
    "institutional": "https://alkntoken.com",
    "technical": "https://nickel-wire.com",
    "education": "https://rwanickel.com",
    "media": "https://alkemyainsights.com",
    "industrial": "https://greentransitionalmetals.com"
  }
}