Bitfinex Securities raises $50 million in push to offer tokenized nickel trading
Bitfinex Securities has raised $50 million to launch a tokenized financial product linked to industrial nickel stockpiles. The initiative aims to bring traditionally illiquid industrial metals onto the blockchain for 24/7 trading and hedging.
Why it matters
This represents a growing trend of 'tokenizing' real-world assets to increase market liquidity and accessibility for institutional and retail investors.
The company is preparing to list a new security, ALKN, linked to a Luxembourg-based industrial metals platform built around a $1.6 billion stockpile, or 7 million meters, of the wire, which is used across the semiconductor, aerospace, defense and other industries. The wire is held in custody in Switzerland, according to a press release on Thursday.
Traditional assets like gold, oil and stocks are increasingly moving onchain with 24/7 trading, and the markets are adapting. Oil markets have seen more activity in perpetual-style contracts on venues such as Hyperliquid, where trading continues outside traditional exchange hours.
To get the ball rolling, Bitfinex Securities announced a $50 million tokenized capital raise for Alkemya Metacore, a Luxembourg-based investment and operating platform focused on the industrial development, commercialization and financial structuring of high-technology metals.
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