Weekly Market Commentary
Technical editorial on the RWA market, the nickel supply chain, tokenisation architecture, and the ALKN rollout. Written by KTS Global editorial and invited contributors. Published weekly. No sponsored placements.
Categories covered
RWA Market · Nickel & Strategic Metals · Tokenisation Architecture · Regulatory Watch · ALKN Performance
Authors
Tim Jacobs · Carlo Della Peruta · Prof. Ramamurty (IIT Delhi) · KTS Global editorial
Cadence
Weekly on Thursdays · occasional same-day coverage of market events · zero sponsored content
The nickel supply deficit widens again — and RWAs are paying attention
Q1 2026 confirms a structural Class 1 nickel deficit. What it means for tokenised exposure and the ALKN case for capital efficiency.
RWA AUM crosses USD 20B — the composition matters more than the total
Treasuries still dominate, but commodity-backed tokens are the fastest-growing sub-category. Where ALKN fits and why that mix is changing.
Indonesia tightens ore export controls — Class 1 premium rises
Geopolitical supply shocks are now priced into high-purity nickel separately from LME contracts. Reading the basis and its implications.
Tokenisation regulatory update — EU, UK, and APAC moves this quarter
MiCA implementation year-one readout, UK DSS expansions, and MAS clarifications. What actually matters for RWA issuers.
Hydrogen electrolyser demand — the nickel consumption curve
PEM and alkaline electrolyser capacity is scaling. Each GW consumes nickel in predictable quantities. The demand curve now extends to 2035.
ALKN listing preview — the 10 June 2026 architecture readout
A walkthrough of what will go live on 10 June across three venues: Bitfinex Securities, HydraX, and Archax. Chains, custody, and the first-week expectation.