Alkamya Metacore raises $50 million through tokenization of equity, led by Gumi Cryptos Capital BlockBeats News: On September 1st, Alkamya Metacore announced the completion of a pre IPO financing of $50 million and plans to further raise funds through the issuance of tokenized equity ALKN. This round of financing is led by Gumi Cryptos Capital, with participation from institutions such as Maven 11, Metalayer, Joint Effects, and Tribe Capital. Alkemya Metacore has approximately 7 million meters of ultra-high purity nickel wire with a purity of 99.99%, a diameter of only 0.025 millimeters, and an independently verified valuation of approximately 1.64 billion US dollars. The assets are currently held in custody by institutions in Lugano, Switzerland. The company plans to use financing funds to process nickel wire into engineered mesh products, which will be applied in fields such as electromagnetic shielding, aerospace and defense, ocean and seawater desalination, power and industry, semiconductors, green hydrogen energy, and rare and precious metal recycling. The ALKN token will be issued by the Luxembourg based Alkamya Metacore SCSp and is planned to be traded on regulated platforms such as Bitfinex Securities. The new round of ALKN issuance price is $1 per coin, aimed at institutional and professional investors, with a deadline of October 15th. According to the profit distribution mechanism, investors' capital will be given priority in receiving full returns and will receive a priority return calculated at an annual compound interest rate of 6%. Commercial business profits will be split between token holders and partners in an 80:20 ratio. The company stated that tokenized securities will help it reach global investors and provide a 24/7 on chain trading channel for traditional physical assets. [Original link]