Is ALKN a speculative cryptocurrency?

No. ALKN is a regulated digital security representing tokenised limited partnership interests in Alkemya Metacore SCSp, a Luxembourg Special Limited Partnership (RCS B299541). Custody documentation issued by Helvetic Securgest SA states 7,026,904.76 linear metres of NP1-grade nickel wire (stated purity 99.99%, stated diameter 0.025 mm) held in Lugano, Switzerland. The USD 1.64 billion amount is a historical appraisal- and accounting-based figure associated with the stated nickel-wire inventory; it is not a guaranteed liquidation value, settled transaction value, token price or venue endorsement. Realizable value depends on verified specification and mass, certification, market depth, lot size, selling period, costs and arm's-length transaction evidence. Independently measured net kilograms remain unresolved evidence pending laboratory-tied spool/container reconciliation. CNAD (El Salvador) authorisation EAD-0029 authorises issuance under the CNAD framework; it does not constitute regulator endorsement of valuation or investment merit. Instrument admitted on Bitfinex Securities (CNAD, El Salvador), HydraX/LabyrinthX (MAS, Singapore) and Archax (FCA, UK); observable secondary trading, depth, volume and spread must be checked against the current venue-state record.

How is the asset verified?

Material purity and specifications are addressed by scoped engagements: Prof. Upadrasta Ramamurty (personal scientific assessment; NTU Singapore affiliation noted personally, not as institutional endorsement), IIT Delhi, Lectromec (ISO/IEC 17025:2017 accredited), Allkema Engineering Srl / ASACERT UK (appraisal / physical-inspection certification of dimensional verification and quantity — 7,026,904.76 m at Ø 0.025 mm; appraisal / evaluation, not statutory audit and not a market-value determination), and NSL Analytical USA (spectrographic purity verification 99.99% Ni). Deloitte Financial Advisory S.r.l. (Milan) performed a valuation-approach review (DEL-FA-ALKEMYA-2023-08-01); this is a review of the valuation methodology, not a statutory audit of the partnership and not proof of realizable market value.

Where is the physical asset held?

The nickel wire is held in Helvetic Securgest vaults in Lugano, Switzerland, with safekeeping receipts issued to Alkemya Metacore SCSp.

Who can invest in ALKN?

ALKN is offered exclusively to non-US qualified investors pursuant to Regulation S under the US Securities Act. Eligible investors must complete KYC/AML verification through the relevant exchange platforms. No offer is made to US persons.

How is the USD 2.05 per-token figure derived?

The USD 2.05 per-token figure is an accounting-derived quotient: USD 1.64 billion historical appraisal/accounting inventory value divided by 800 million authorised tokens. It is not an independently verified market value per token and is not a guaranteed realizable amount. Realizable per-token value depends on the same market-absorption factors that bound the USD 1.64 billion aggregate figure (verified specification and mass, certification, market depth, lot size, selling period, costs and arm's-length transaction evidence). The USD 1.00 offering price reflects the issuer's Regulation S primary offering; it is not a discount claim relative to an independently established market NAV.

What returns can investors expect?

The Alkemya Metacore SCSp partnership agreement (see Waterfall Schedule 4) provides a 6% per annum preferred return provision on invested capital, then an 80/20 profit split above that threshold. This is a CONTRACTUAL WATERFALL TERM, not a guaranteed coupon or current cash yield. Actual distributions depend on available distributable cash, GP calculation and authorisation, holder eligibility, reserves, expenses and losses; a preferred return provision does not guarantee any cash payment on any date. The 8.04x projected MOIC is a base-case 7-year MODEL projection under the sponsor's assumptions; it is not a guarantee, not a forecast the partnership is legally bound to deliver, and not evidence of realizable market value. See the Investment-Mechanics Truthloops (https://alkntoken.com/truthloops/investment) for the negative and unresolved edges.

What blockchains does ALKN operate on?

ALKN is tokenised on the Liquid Network (Bitcoin Layer 2, via Hadron by Tether on the Bitfinex Securities platform) and Canton Network (via HydraX, MAS-licensed). The dual registration system integrates blockchain records with Luxembourg's LP Interest Register, ensuring legal enforceability.

What happens to the nickel wire?

The nickel wire is progressively converted by Green Transitional Metals Pte. Ltd. (GTX), the Singapore operating subsidiary (70% owned by the Partnership), into precision nickel mesh products targeting seven validated high-value industry verticals. This conversion creates a 3–4x value uplift per metre, with revenues flowing back to the Partnership and ultimately to token holders through the distribution waterfall.

What happens to ALKN if a major exchange delists the token?

ALKN is listed on three independent regulated venues across four jurisdictions — Bitfinex Securities (CNAD, El Salvador), HydraX/LabyrinthX (MAS, Singapore), and Archax (FCA, UK). Delisting by any single venue does not impair the underlying Luxembourg LP interest; the ISIN LU3192257148 is registered on Clearstream and redeemable through the remaining venues and the LP Interest Register.

What if the physical nickel wire is damaged, stolen, or lost?

The 7,026,905 metres of NP1-grade wire are custodied in Helvetic Securgest vaults in Lugano, Switzerland, under insured safekeeping receipts. Allkema Engineering Srl / ASACERT UK physical-inspection certificates establish baseline quantity and specification. Loss events are covered by custodian insurance policies; partnership reserves are structured to absorb residual risk under Luxembourg SCSp rules.

Is the science behind ALKN independently verified?

Material purity and specifications are addressed by scoped engagements: Prof. Upadrasta Ramamurty (personal scientific assessment; NTU Singapore affiliation noted personally, not as institutional endorsement), IIT Delhi, Lectromec (ISO/IEC 17025:2017 accredited), Allkema Engineering Srl / ASACERT UK (appraisal / physical-inspection certification of dimensional verification and quantity — 7,026,904.76 m at Ø 0.025 mm; appraisal / evaluation, not statutory audit and not a market-value determination), and NSL Analytical USA (spectrographic purity verification 99.99% Ni). Deloitte Financial Advisory S.r.l. (Milan) performed a valuation-approach review (DEL-FA-ALKEMYA-2023-08-01); this is a review of the valuation methodology, not a statutory audit of the partnership and not proof of realizable market value.

What happens if nickel spot prices collapse?

The USD 2.05 per-token figure is an accounting-derived quotient: USD 1.64 billion historical appraisal/accounting inventory value divided by 800 million authorised tokens. It is not an independently verified market value per token and is not a guaranteed realizable amount. The USD 1.64 billion amount is a historical appraisal/accounting figure; realizable value depends on verified specification and mass, certification, market depth, lot size, selling period, costs and arm's-length transaction evidence. Alessandro's catalogue-to-volume challenge is preserved as counterevidence pending specification-matched executable bids, completed sales or enforceable offtake evidence. Spot commodity moves do not automatically translate into realizable specialty-wire prices, and specialty catalogue prices do not automatically translate into whole-inventory realizable value.

What if a regulator changes digital-asset rules?

ALKN is structured as a regulated digital security under Luxembourg law (SCSp limited partnership) — not as a cryptocurrency. Compliance spans four Tier-1 jurisdictions (LU, SV, SG, GB) with dedicated counsel (CMS DeBacker, CNPLaw LLP). The dual-registration system ties on-chain records to the Luxembourg LP Interest Register, preserving legal enforceability even if one jurisdiction's framework shifts.

What if Alkemya Metacore SCSp becomes insolvent?

As a Luxembourg Special Limited Partnership, SCSp assets are legally segregated from those of the general partner. In any insolvency scenario, the nickel wire and SPV interests are isolated for the benefit of Limited Partners (token holders), who rank ahead of general creditors in the distribution waterfall. Deloitte Financial Advisory S.r.l. (Milan) has performed a valuation-approach review (DEL-FA-ALKEMYA-2023-08-01) of the appraisal methodology.

What if tokenisation platforms (Hadron, Canton) suffer a technical failure?

ALKN uses dual tokenisation — Liquid Network (via Hadron by Tether on Bitfinex Securities) and Canton Network (via HydraX, MAS-licensed). A failure on either chain does not invalidate ownership: legal title is maintained on the Luxembourg LP Interest Register, and tokens can be re-issued on the surviving chain or directly in off-chain partnership form through the administrator.

Evidence Locker

Primary-Source Evidence Locker

59 primary-source documents · SHA-256 verified · streamed from Cloudflare R2

Every ALKN fact — legal form, nickel-wire inventory, Swiss custody, Luxembourg filings, ASACERT valuations, Deloitte reviews, and CNAD authorisations — is backed by signed PDFs indexed in Cloudflare D1 with its SHA-256 digest. The full document index, publisher, date, file size and SHA-256 are public. Downloading the PDFs themselves requires a free access request — submit the form and your token is issued instantly (valid for 7 days).

59documents

SHA-256integrity

R2streaming

D1index + access log

Manifest (JSON)Verification Workflow

Registry Extracts

8 documents

Registry Extracts2025-09-05

RCS Extract — Alkemya Partners GP S.à r.l. (B299469)

Luxembourg Business Registers (LBR)

RCS extract for Alkemya Partners GP S.à r.l., the Luxembourg general partner of Alkemya Metacore SCSp (R.C.S. B299469). Establishes AIFMD-compliant GP governance.

Size: 392.2 KB
SHA-256: 99b3d6dfee81…
MIME: application/pdf

Registry Extracts2025-09-05

RCS Extract — Alkemya Metacore SCSp (B299541)

Luxembourg Business Registers (LBR)

RCS deposit/extract reference D_25_931965 for Alkemya Metacore SCSp, matricule B299541 — the société en commandite spéciale fund vehicle in the Alkemya three-entity structure. Documents the 2025-09 corporate filing.

Size: 839.3 KB
SHA-256: 2c3dd72825fa…
MIME: application/pdf

Registry Extracts2025-09-05

RCS Extract — Alkemya Partners GP (B299469)

Luxembourg Business Registers (LBR)

RCS extract for Alkemya Partners GP S.à r.l., matricule B299469

Size: 392.2 KB
SHA-256: 99b3d6dfee81…
MIME: application/pdf

Registry Extracts2025-09-05

RCS Extract — Alkemya Metacore SCSp (B299541)

Luxembourg Business Registers (LBR)

RCS extract for Alkemya Metacore SCSp, matricule B299541 (LBR filing D_25_931965). Société en commandite spéciale — the fund vehicle in the Alkemya three-entity structure.

Size: 839.3 KB
SHA-256: 2c3dd72825fa…
MIME: application/pdf

Registry Extracts2026-03-17

RCS Luxembourg Extract — Alkemya Luxembourg S.à r.l. (B265985)

Luxembourg Business Registers (LBR)

Official RCS extract for Alkemya Luxembourg S.à r.l., Luxembourg R.C.S. number B265985, the SPONSOR entity in the Alkemya three-entity structure (sponsor Sàrl / GP Sàrl / SCSp fund). Confirms corporate existence, dénomination, forme juridique (société à responsabilité limitée), siège social (262 Route d'Esch, L-1471 Luxembourg), date d'immatriculation 2022-03-30, date de constitution 2022-03-07, capital 30 000 EUR. Not to be conflated with the Alkemya Metacore SCSp (B299541) which is the fund vehicle, or with Alkemya Partners GP S.à r.l. (B299469) which is the general partner.

Size: 897.6 KB
SHA-256: 6fe75ce3d5d7…
MIME: application/pdf

Registry Extracts2026-03-17

RCS Luxembourg Extract — Alkemya Luxembourg S.à r.l. (B265985)

Luxembourg Business Registers (LBR)

Registre de Commerce et des Sociétés extract for Alkemya Luxembourg S.à r.l., matricule B265985 (sponsor entity of the Alkemya Metacore SCSp fund vehicle).

Size: 897.6 KB
SHA-256: 6fe75ce3d5d7…
MIME: application/pdf

Registry Extracts2026-03-27

RBE Extract (2600065283)

Luxembourg Business Registers (LBR)

Registre des bénéficiaires effectifs (RBE) extract 2600065283 — ultimate-beneficial-owner register entry for Alkemya Luxembourg S.à r.l. (RCS B265985), the sponsor entity in the Alkemya three-entity structure. Not to be conflated with the Alkemya Metacore SCSp (B299541) which is the fund vehicle.

Size: 208.2 KB
SHA-256: 5b872442fd98…
MIME: application/pdf

Registry Extracts2026-03-27

RBE Extract (2600065283)

Luxembourg Business Registers (LBR)

Registre des Bénéficiaires Effectifs extract 2600065283

Size: 208.2 KB
SHA-256: 5b872442fd98…
MIME: application/pdf

Incorporation Deed

2 documents

Incorporation Deed2025-08-29

Signed incorporation deed — Alkemya Partners GP S.à r.l.

Luxembourg civil-law notary

Notarial incorporation deed for Alkemya Partners GP S.à r.l., the Luxembourg société à responsabilité limitée acting as GP of Alkemya Metacore SCSp.

Size: 1.48 MB
SHA-256: 932b9419932b…
MIME: application/pdf

Incorporation Deed2025-08-29

Signed Incorporation Deed — Alkemya Partners GP S.à r.l.

Notarial deed (Luxembourg)

Signed incorporation deed of Alkemya Partners GP S.à r.l.

Size: 1.48 MB
SHA-256: 932b9419932b…
MIME: application/pdf

Annual Accounts

6 documents

Annual Accounts2022-12-31

Alkemya Luxembourg S.à r.l. — Annual accounts FY2022 (abridged)

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

Deposited annual accounts (abridged) of Alkemya Luxembourg S.à r.l. (RCS B265985), the SPONSOR entity in the Alkemya three-entity structure, for the fiscal year ending 31 December 2022 (formation year). Reports balance-sheet total EUR 1,406,562,485.01 and loss for the period EUR 954,508.07 on subscribed capital EUR 30,000. Sole Manager report by Mr. Carlo Guido Della Peruta. Not to be conflated with Alkemya Metacore SCSp (B299541, constituted 2025-08-29), the fund vehicle, nor with Alkemya Partners GP S.à r.l. (B299469), the general partner.

Size: 2.24 MB
SHA-256: b4512223e769…
MIME: application/pdf

Annual Accounts2022-12-31

Alkemya Luxembourg S.à r.l. — Annual accounts FY2022 (abridged)

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

RCS B265985 · sponsor Sàrl · FY2022 annual accounts (abridged) · balance-sheet total EUR 1,406,562,485.01; loss EUR 954,508.07; capital EUR 30,000 · Sole Manager Della Peruta. Distinct from SCSp B299541 (constituted 2025-08-29) and GP B299469.

Size: 2.24 MB
SHA-256: b4512223e769…
MIME: application/pdf

Annual Accounts2023-12-31

Alkemya Luxembourg S.à r.l. — Annual accounts FY2023 (abridged)

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

Deposited annual accounts (abridged) of Alkemya Luxembourg S.à r.l. (RCS B265985), the SPONSOR entity in the Alkemya three-entity structure, for the fiscal year ending 31 December 2023. Reports balance-sheet total EUR 1,406,523,395.43 and profit for the period EUR 86,773.02 (versus prior-year loss EUR 954,508.07); subscribed capital EUR 30,000. Written Resolutions of the Sole Manager Mr. Carlo Guido Della Peruta dated 12 June 2024. Not to be conflated with Alkemya Metacore SCSp (B299541) or GP (B299469).

Size: 1.75 MB
SHA-256: 0e356a40eb91…
MIME: application/pdf

Annual Accounts2023-12-31

Alkemya Luxembourg S.à r.l. — Annual accounts FY2023 (abridged)

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

RCS B265985 · sponsor Sàrl · FY2023 annual accounts (abridged) · balance-sheet total EUR 1,406,523,395.43; profit EUR 86,773.02; capital EUR 30,000 · Sole Manager Della Peruta · Written Resolutions 12 Jun 2024. Distinct from SCSp B299541 and GP B299469.

Size: 1.75 MB
SHA-256: 0e356a40eb91…
MIME: application/pdf

Annual Accounts2024-12-31

Alkemya Luxembourg S.à r.l. — Annual accounts FY2024 (abridged)

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

Deposited annual accounts (abridged) of Alkemya Luxembourg S.à r.l. (RCS B265985), the SPONSOR entity in the Alkemya three-entity structure, for the fiscal year ending 31 December 2024. Reports balance-sheet total EUR 1,408,510,459.28 and loss for the period EUR 137,146.05 on subscribed capital EUR 30,000. Sole Manager report by Mr. Carlo Guido Della Peruta. Not to be conflated with Alkemya Metacore SCSp (B299541) or GP (B299469).

Size: 4.63 MB
SHA-256: 287d3734b22b…
MIME: application/pdf

Annual Accounts2024-12-31

Alkemya Luxembourg S.à r.l. — Annual accounts FY2024 (abridged)

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

RCS B265985 · sponsor Sàrl · FY2024 annual accounts (abridged) · balance-sheet total EUR 1,408,510,459.28; loss EUR 137,146.05; capital EUR 30,000 · Sole Manager Della Peruta. Distinct from SCSp B299541 and GP B299469.

Size: 4.63 MB
SHA-256: 287d3734b22b…
MIME: application/pdf

Signed Interim Financial Statement

4 documents

Signed Interim Financial Statement2025-09-30

Alkemya Luxembourg S.à r.l. — Interim Balance Sheet as of 30 September 2025

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

Interim detailed EUR balance sheet of Alkemya Luxembourg S.à r.l. (RCS B265985), the SPONSOR entity, as of 30 September 2025. Balance-sheet total EUR 1,408,868,808.34; result of the period loss EUR 1,481,015.85. Attests the sponsor→SCSp equity participation via line 2310015 "Parts dans des entreprises - Metacore SCSP" EUR 683,994,400.00 (USD 800,000,000.00) plus line 2310016 LP reserve EUR 721,386,288.91 (USD 843,733,561.46). Interim management statement, not deposited annual accounts. Distinct from doc-metacore-signed-bs-2025-09-30 which is the SCSp management-signed USD balance sheet as of the same date. Not to be conflated with Alkemya Metacore SCSp (B299541) or GP (B299469).

Size: 165.5 KB
SHA-256: 79cad5457fb1…
MIME: application/pdf

Signed Interim Financial Statement2025-09-30

Signed interim balance sheet (USD) — 30 Sep 2025

Alkemya Metacore SCSp

Signed interim USD balance sheet of Alkemya Metacore SCSp at 30 September 2025. Inventory of NP1 precision-nickel wire carried at USD 1,643,733,561.46.

Size: 258.3 KB
SHA-256: cccbf963ccf9…
MIME: application/pdf

Signed Interim Financial Statement2025-09-30

Alkemya Luxembourg S.à r.l. — Interim Balance Sheet as of 30 September 2025

Alkemya Luxembourg S.à r.l. (B265985, deposited with LBR)

RCS B265985 · sponsor Sàrl · interim detailed EUR balance sheet as of 30 September 2025 · balance-sheet total EUR 1,408,868,808.34; period loss EUR 1,481,015.85. Attests sponsor→SCSp participation line 2310015 EUR 683,994,400 (USD 800M). Interim management statement, NOT deposited annual accounts. Distinct from doc-metacore-signed-bs-2025-09-30 (SCSp USD signed BS) and from SCSp B299541 · GP B299469.

Size: 165.5 KB
SHA-256: 79cad5457fb1…
MIME: application/pdf

Signed Interim Financial Statement2025-09-30

Signed USD Balance Sheet — 30 Sep 2025

Alkemya Metacore SCSp

Signed interim USD balance sheet · inventory USD 1,643,733,561.46

Size: 258.3 KB
SHA-256: cccbf963ccf9…
MIME: application/pdf

Swiss-Custody Receipts

4 documents

Swiss-Custody Receipts2025-09-24

SKR No. 001 — 7,026,904.76 m NP1 nickel wire (Helvetic Securgest SA)

Helvetic Securgest SA, Lugano

Safe-Keeping Receipt No. 001 issued by Helvetic Securgest SA (Lugano, Switzerland) covering 7,026,904.76 linear metres of NP1 precision nickel wire held in Swiss-licensed qualified custody.

Size: 92.7 KB
SHA-256: dbd77d9738b1…
MIME: application/pdf

Swiss-Custody Receipts2025-09-24

Safekeeping Receipt No. 001 — 7,026,904.76 m NP1 Nickel Wire

Helvetic Securgest SA, Lugano

SKR No. 001 covering 7,026,904.76 metres of NP1 nickel wire in Swiss custody

Size: 92.7 KB
SHA-256: dbd77d9738b1…
MIME: application/pdf

Swiss-Custody Receipts2025-12-17

SKR — notarial certified copy, 2025-12-17

Helvetic Securgest SA, Lugano

Notarial certified copy of the Helvetic Securgest SA safe-keeping receipt, issued 17 December 2025 for the record custodian chain.

Size: 153.1 KB
SHA-256: 7073c5d0a144…
MIME: application/pdf

Swiss-Custody Receipts2025-12-17

Safekeeping Receipt — Notarial Certified Copy

Helvetic Securgest SA, Lugano

Notarial certified copy of the SKR

Size: 153.1 KB
SHA-256: 7073c5d0a144…
MIME: application/pdf

Contribution Agreement

2 documents

Contribution Agreement2025-09-26

Contribution Agreement — 800 M LP interests @ USD 1.00 par

Alkemya Metacore SCSp

Contribution agreement dated 26 September 2025, recording the subscription of 800,000,000 limited-partner interests at USD 1.00 par value, corresponding to the authorised USD 800 M offering cap.

Size: 756.8 KB
SHA-256: 0f00274863d8…
MIME: application/pdf

Contribution Agreement2025-09-26

Contribution Agreement — 800 M LP Interests @ USD 1.00 Par

Alkemya Metacore SCSp

800,000,000 LP interests at USD 1.00 par value

Size: 756.8 KB
SHA-256: 0f00274863d8…
MIME: application/pdf

Compliance Policy

2 documents

Compliance Policy2025-08-06

Global AML/CFT Policy v1.0

Alkemya Metacore SCSp

Global anti-money-laundering and counter-terrorist-financing policy (v1.0) of Alkemya Metacore SCSp, 6 August 2025. Applies to subscription, transfer, redemption, and custodial operations.

Size: 463.9 KB
SHA-256: 976bbd74dc3a…
MIME: application/pdf

Compliance Policy2025-08-06

Global AML / CFT Policy v1.0

Alkemya Metacore SCSp

Global Anti-Money-Laundering / Counter-Financing-of-Terrorism Policy v1.0

Size: 463.9 KB
SHA-256: 976bbd74dc3a…
MIME: application/pdf

Independent Valuations

4 documents

Independent Valuations2023-05-05

NP1 Nickel Wire Price Evaluation — ASACERT appraisal

ASACERT UK Ltd (Manchester)

Independent price evaluation of NP1 precision nickel wire by ASACERT UK Ltd, headline valuation USD 1,446,187,945.

Size: 678.4 KB
SHA-256: dd7402bc2b84…
MIME: application/pdf

Independent Valuations2023-05-05

NP1 Nickel Wire Price Evaluation — 2023

ASACERT UK Ltd (Manchester)

NP1 Nickel Wire Price Evaluation · headline USD 1,446,187,945

Size: 678.4 KB
SHA-256: dd7402bc2b84…
MIME: application/pdf

Independent Valuations2024-11-29

NP1 Nickel Wire Price Evaluation — refresh (ASA-NI-2024-11-29)

ASACERT UK Ltd (Manchester)

ASACERT UK Ltd refresh valuation of NP1 precision-nickel-wire inventory, reference ASA-NI-2024-11-29.

Size: 1.91 MB
SHA-256: 9d69f0e80338…
MIME: application/pdf

Independent Valuations2024-11-29

NP1 Nickel Wire Price Evaluation — Refresh 2024

ASACERT UK Ltd (Manchester)

Refresh appraisal · reference ASA-NI-2024-11-29

Size: 1.91 MB
SHA-256: 9d69f0e80338…
MIME: application/pdf

Valuation Review

2 documents

Valuation Review2023-08-01

Valuation Review — Deloitte Financial Advisory S.r.l. (Milan)

Deloitte Financial Advisory S.r.l.

Independent valuation review by Deloitte Financial Advisory S.r.l. (Milan), reference DEL-FA-ALKEMYA-2023-08-01.

Size: 1.73 MB
SHA-256: 8257be35ec1c…
MIME: application/pdf

Valuation Review2023-08-01

Deloitte Financial Advisory Valuation Review

Deloitte Financial Advisory S.r.l. (Milan)

Independent valuation review · reference DEL-FA-ALKEMYA-2023-08-01

Size: 1.73 MB
SHA-256: 8257be35ec1c…
MIME: application/pdf

Fair-Value Opinion

2 documents

Fair-Value Opinion2025-12-17

Fair-value opinion — notarial certified copy (2025-12-17)

Alkemya Metacore SCSp

Notarial certified copy of the fair-value opinion supporting the partnership accounts and the offering structure.

Size: 596.3 KB
SHA-256: bc97c39eff51…
MIME: application/pdf

Fair-Value Opinion2025-12-17

Fair-Value Opinion — Notarial Certified Copy

Notarial certified copy (Luxembourg)

Notarial certified copy of the fair-value opinion

Size: 596.3 KB
SHA-256: bc97c39eff51…
MIME: application/pdf

CNAD Certifier Reports

4 documents

CNAD Certifier Reports2025-11-18

CNAD Certifier Report — FAVOURABLE (EN), 2025-11-18

Digital Assets Solutions S.A. de C.V. (CERT-0004)

English-language certifier report issued by Digital Assets Solutions S.A. de C.V., holder of CNAD certifier licence CERT-0004. Opinion: FAVOURABLE.

Size: 5.69 MB
SHA-256: de10b6644e3a…
MIME: application/pdf

CNAD Certifier Reports2025-11-18

CNAD Certifier Report — FAVORABLE (ES), 2025-11-18

Digital Assets Solutions S.A. de C.V. (CERT-0004)

Spanish-language certifier report issued by Digital Assets Solutions S.A. de C.V. (CERT-0004). Opinion: FAVORABLE.

Size: 5.72 MB
SHA-256: cb69d0c213c9…
MIME: application/pdf

CNAD Certifier Reports2025-11-18

CNAD Certifier Report (English) — FAVOURABLE

Digital Assets Solutions S.A. de C.V. (CERT-0004)

CNAD Certifier Report · FAVOURABLE opinion · English original

Size: 5.69 MB
SHA-256: de10b6644e3a…
MIME: application/pdf

CNAD Certifier Reports2025-11-18

CNAD Certifier Report (Spanish) — FAVORABLE

Digital Assets Solutions S.A. de C.V. (CERT-0004)

CNAD Certifier Report · FAVORABLE opinion · Spanish original

Size: 5.72 MB
SHA-256: cb69d0c213c9…
MIME: application/pdf

Regulatory Authorizations

8 documents

Regulatory Authorizations2026-01-05

Resolution CD-001-2026 — Habilitation (EN translation)

Comisión Nacional de Activos Digitales (CNAD) El Salvador

Certified English translation of CNAD resolution CD-001-2026.

Size: 289.6 KB
SHA-256: a89130cd9eaf…
MIME: application/pdf

Regulatory Authorizations2026-01-05

Resolution CD-001-2026 — Habilitación (ES)

Comisión Nacional de Activos Digitales (CNAD) El Salvador

CNAD resolution CD-001-2026 — habilitación of the regulated-digital-security framework applicable to the ALKN issuance. Spanish original.

Size: 941.3 KB
SHA-256: e64d3eeac597…
MIME: application/pdf

Regulatory Authorizations2026-01-05

CNAD Resolution CD-001-2026 — Habilitation (English)

Comisión Nacional de Activos Digitales de El Salvador

Resolution CD-001-2026 habilitation · English translation

Size: 289.6 KB
SHA-256: a89130cd9eaf…
MIME: application/pdf

Regulatory Authorizations2026-01-05

CNAD Resolution CD-001-2026 — Habilitación (Spanish)

Comisión Nacional de Activos Digitales de El Salvador

Resolution CD-001-2026 habilitación (Spanish original)

Size: 941.3 KB
SHA-256: e64d3eeac597…
MIME: application/pdf

Regulatory Authorizations2026-01-27

Resolution CD-068-2026 — Registry entry (EN), EAD-0029 · AD-00035

Comisión Nacional de Activos Digitales (CNAD) El Salvador

Certified English translation of CNAD resolution CD-068-2026 — assignment of EAD-0029 (Issuer) and AD-00035 (Token ALKN).

Size: 114.6 KB
SHA-256: b9f90c735824…
MIME: application/pdf

Regulatory Authorizations2026-01-27

Resolution CD-068-2026 — Registry entry (ES), EAD-0029 · AD-00035

Comisión Nacional de Activos Digitales (CNAD) El Salvador

CNAD resolution CD-068-2026 — registry entry assigning EAD-0029 (Issuer) and AD-00035 (Token ALKN). Confirms the USD 80,000 registration fee (0.01% of the authorised USD 800 M offering). Spanish original.

Size: 359.2 KB
SHA-256: 9b9d15e8d126…
MIME: application/pdf

Regulatory Authorizations2026-01-27

CNAD Resolution CD-068-2026 — Registry Entry (English)

Comisión Nacional de Activos Digitales de El Salvador

Resolution CD-068-2026 registry entry · English translation

Size: 114.6 KB
SHA-256: b9f90c735824…
MIME: application/pdf

Regulatory Authorizations2026-01-27

CNAD Resolution CD-068-2026 — Registry Entry (Spanish)

Comisión Nacional de Activos Digitales de El Salvador

Resolution CD-068-2026 registry entry · Spanish original · assigns EAD-0029 (Issuer) and AD-00035 (Token ALKN) · USD 80,000 registration fee (0.01% of USD 800 M authorised)

Size: 359.2 KB
SHA-256: 9b9d15e8d126…
MIME: application/pdf

Counsel Memorandum

2 documents

Counsel Memorandum2025-08-27

CMS DeBacker — Luxembourg SCS Legal Memorandum & Tax Strawman (ALKN STO)

CMS DeBacker Luxembourg

CMS DeBacker Luxembourg SCS Legal Memorandum and Tax Strawman on the Alkemya STO project. Records 7,026,904.76 metres of NP1 nickel wire valued at USD 1,643,733,561.46 earmarked for a USD 800 M commercialisation; shareholder split Ören 49 / Titrico 23 / ICS Securities 11 / della Peruta 17.

Size: 302.2 KB
SHA-256: b5106fb49d0f…
MIME: application/pdf

Counsel Memorandum2025-08-27

CMS DeBacker Luxembourg SCS — Legal Memorandum & Tax Strawman on the Alkemya STO Project

CMS DeBacker Luxembourg SCS

Records 7,026,904.76 m NP1 wire @ USD 1,643,733,561.46 intended for USD 800 M commercialisation · shareholder split Ören 49 / Titrico 23 / ICS Securities 11 / della Peruta 17

Size: 302.2 KB
SHA-256: b5106fb49d0f…
MIME: application/pdf

Litepaper

2 documents

Litepaper2025-12-16

ALKN Research Litepaper v4

Alkemya Metacore SCSp

ALKN Research Litepaper version 4 — the canonical issuer-side technical and commercial overview of the ALKN regulated digital security.

Size: 542.6 KB
SHA-256: 3b67b35d02d9…
MIME: application/pdf

Litepaper2025-12-16

ALKN Research Litepaper v4

Alkemya Metacore SCSp

ALKN Research Litepaper v4

Size: 542.6 KB
SHA-256: 3b67b35d02d9…
MIME: application/pdf

Press Coverage

7 documents

Press Coverage2026-03-24

Mining Journal — "High-grade nickel is an overlooked critical mineral"

Mining Journal

Mining Journal feature "High-grade nickel is an overlooked critical mineral", 24 March 2026.

Size: 646.0 KB
SHA-256: dd904009e82a…
MIME: application/pdf

Press Coverage2026-03-24

Mining Journal — "High-grade nickel is an overlooked critical mineral"

Mining Journal

Press coverage of NP1 nickel wire positioning in critical-minerals policy discourse

Size: 646.0 KB
SHA-256: dd904009e82a…
MIME: application/pdf

Press Coverage2026-05-01

Big News Network — "Nickel's Second Act: How High-Purity Metals Are Becoming the Plumbing of the Energy Transition"

Big News Network

Press feature on the strategic role of high-purity (Class 1) nickel and NP1-grade nickel wire in the energy transition. Covers demand drivers (EV batteries, grid storage), supply bottlenecks, processing routes, and the relevance of ultra-high-purity (99.99%) nickel wire for battery and high-performance applications.

Size: 13.3 KB
SHA-256: 5841fc64eb9f…
MIME: application/pdf

Press Coverage2026-05-01

Time Business News — "From Speculation to Stability: Why Real-World Asset Tokens Are the Next Stop for Safe Yield Seekers"

Time Business News

Time Business News feature by Hassan Khan positioning regulated, asset-backed nickel security tokens (ISIN-bearing, regulated trading venues, audited backing, preferred-return structure) as the model case for safe-yield RWA investing. Contains direct outbound link to https://rwanickel.com/ (anchor: "RWA Nickel — ALKN Investor Education Hub"). Editorial contact line at base of article: enquires@ktsglobal.live. Federation note: external publication that explicitly references the ALKN sameAs domain rwanickel.com.

Size: 1.32 MB
SHA-256: 628deb44620a…
MIME: application/pdf

Press Coverage2026-05-02

Ameblo — "Nickel's Second Act: High-Purity NP1 Nickel Wire as the Plumbing of the Energy Transition"

Ameblo (1234-05678)

Japanese-market press feature explaining the transition of nickel from a stainless-steel workhorse to a strategic, qualified industrial input via NP1-grade nickel wire and precision mesh. Covers the bulk-vs-Class-1-vs-NP1 quality ladder, hydrogen electrolyser / aerospace / semiconductor / 5G EMI shielding demand, geopolitical concentration of refining capacity, and the emergence of regulated nickel-backed security tokens built on lab-verified NP1 wire inventories. Contains explicit outbound link to https://nickel-wire.com/ (anchor: "NP1 Nickel Wire — The Definitive Independent Reference"). Federation note: external publication that explicitly references the ALKN sameAs domain nickel-wire.com.

Size: 110.6 KB
SHA-256: 261c56b32292…
MIME: text/html

Press Coverage2026-05-02

Big News Network — "The Rise of the Regulated Strategic Metal Token: Why Nickel-Backed Digital Securities Are the Next Institutional Asset Class"

Big News Network

Press feature on the structural shift in how institutional capital approaches strategic metals via regulated tokenisation. Frames NP1-grade nickel wire as the prototype regulated strategic-metal security token, and explicitly references the ALKN ecosystem — Alkemya Metacore SCSp (issuer), Green Transitional Metals (GTX Singapore, industrial layer), rwanickel.com (investor education), nickel-wire.com (technical reference) and alkemyainsights.com (institutional research). Covers Class 1 nickel scarcity, NATO defence-critical designation (Dec 2024), USGS 2025 critical minerals list, the >USD 24B tokenised RWA market by early 2026, and the ISIN/audit/multi-exchange structural requirements for institutional-grade strategic-metal tokens.

Size: 90.9 KB
SHA-256: 88b45f3ac0cf…
MIME: text/html

Press Coverage2026-05-02

USA Wire — "Real-World Asset Tokens: Safe-Yield Investing Beyond the APY Mirage"

USA Wire

USA Wire feature on the maturation of real-world asset (RWA) tokens as a more credible path to safer yield than DeFi APY products. Defines a five-criterion safer-yield framework (legal structure, asset transparency, custody, return source, downside disclosure) and a 10-point RWA evaluation checklist. Positions metals-backed RWAs (specifically regulated, ISIN-bearing security tokens built around audited industrial nickel inventories with preferred-return waterfall) as the case-study reference architecture, with explicit outbound link to https://rwanickel.com/ (anchor: "RWA Nickel — ALKN Investor Education Hub"). Editorial contact line: enquires@ktsglobal.live. Federation note: external publication that explicitly references the ALKN sameAs domain rwanickel.com.

Size: 225.4 KB
SHA-256: 9dab655aae09…
MIME: text/html

Verification Workflow

Every ALKN document is served straight from Cloudflare R2 with its SHA-256 digest published in the X-Evidence-SHA256 response header and in /api/evidence-manifest.json. Use these eight steps to independently verify any claim made on this site.

1 · Fetch the manifest

curl -s https://alkntoken.com/api/evidence-manifest.json | jq '.statistics, .total_documents'

Should return total_documents: 59 and a by_category block with 15 keys.

2 · Download a PDF from R2

curl -sL -D - -o /tmp/d.pdf \
  https://alkntoken.com/evidence/documents/doc-cnad-cd-068-2026-registry-entry-en \
  | grep -i "^x-evidence-"

The response must include X-Evidence-SHA256, X-Evidence-Doc-Id, and X-Evidence-Publisher.

3 · Hash locally and compare
```
shasum -a 256 /tmp/d.pdf
# must equal:
# b9f90c7358243fc5ea8da794328c0a689566fb2658c2be2d3f3337ce7891be61
```
If the two digests match, the file has not been altered in transit or at rest.
4 · Cross-check LBR (Luxembourg)
Verify RCS / RBE filings at lbr.lu using the entity numbers B299541 (Alkemya Metacore SCSp) and B299469 (Alkemya Partners GP S.à r.l.).
5 · Cross-check Helvetic Securgest
Confirm the custody of 7,026,904.76 m NP1 nickel wire under SKR No. 001 with Helvetic Securgest SA, Lugano, Switzerland.
6 · Cross-check auditor sign-off
The FY2022-FY2025 annual accounts are audited by Deloitte Luxembourg and Ria Grant Thornton S.p.A. — compare the signed balance sheets in this locker to the copies filed at the LBR.
7 · Cross-check ASACERT / Deloitte FA valuations
Independent valuations by ASACERT UK Ltd (Manchester) and the review by Deloitte Financial Advisory S.r.l. (Milan) anchor the headline USD 1,643,733,561.46 inventory value. All three PDFs are downloadable above under Independent Valuations and Valuation Review.
8 · Cross-check CNAD CERT-0004 FAVOURABLE opinion
The El Salvador CNAD certifier Digital Assets Solutions S.A. de C.V. (CERT-0004) issued parallel English / Spanish FAVOURABLE opinions on 2025-11-18. Resolutions CD-001-2026 (habilitation) and CD-068-2026 (registry entry assigning EAD-0029 / AD-00035) complete the regulatory chain of custody.

Every download is logged to access_log in Cloudflare D1 with (doc_id, ip, user-agent, timestamp) so the issuer can reconcile external audit traffic. Logs are pruned after 90 days.

Primary-Source Evidence Locker

RCS Extract — Alkemya Partners GP S.à r.l. (B299469)

RCS Extract — Alkemya Metacore SCSp (B299541)

RCS Extract — Alkemya Partners GP (B299469)

RCS Extract — Alkemya Metacore SCSp (B299541)

RCS Luxembourg Extract — Alkemya Luxembourg S.à r.l. (B265985)

RCS Luxembourg Extract — Alkemya Luxembourg S.à r.l. (B265985)

RBE Extract (2600065283)

RBE Extract (2600065283)

Signed incorporation deed — Alkemya Partners GP S.à r.l.

Signed Incorporation Deed — Alkemya Partners GP S.à r.l.

Alkemya Luxembourg S.à r.l. — Annual accounts FY2022 (abridged)

Alkemya Luxembourg S.à r.l. — Annual accounts FY2022 (abridged)

Alkemya Luxembourg S.à r.l. — Annual accounts FY2023 (abridged)

Alkemya Luxembourg S.à r.l. — Annual accounts FY2023 (abridged)

Alkemya Luxembourg S.à r.l. — Annual accounts FY2024 (abridged)

Alkemya Luxembourg S.à r.l. — Annual accounts FY2024 (abridged)

Alkemya Luxembourg S.à r.l. — Interim Balance Sheet as of 30 September 2025

Signed interim balance sheet (USD) — 30 Sep 2025

Alkemya Luxembourg S.à r.l. — Interim Balance Sheet as of 30 September 2025

Signed USD Balance Sheet — 30 Sep 2025

SKR No. 001 — 7,026,904.76 m NP1 nickel wire (Helvetic Securgest SA)

Safekeeping Receipt No. 001 — 7,026,904.76 m NP1 Nickel Wire

SKR — notarial certified copy, 2025-12-17

Safekeeping Receipt — Notarial Certified Copy

Contribution Agreement — 800 M LP interests @ USD 1.00 par

Contribution Agreement — 800 M LP Interests @ USD 1.00 Par

Global AML/CFT Policy v1.0

Global AML / CFT Policy v1.0

NP1 Nickel Wire Price Evaluation — ASACERT appraisal

NP1 Nickel Wire Price Evaluation — 2023

NP1 Nickel Wire Price Evaluation — refresh (ASA-NI-2024-11-29)

NP1 Nickel Wire Price Evaluation — Refresh 2024

Valuation Review — Deloitte Financial Advisory S.r.l. (Milan)

Deloitte Financial Advisory Valuation Review

Fair-value opinion — notarial certified copy (2025-12-17)

Fair-Value Opinion — Notarial Certified Copy

CNAD Certifier Report — FAVOURABLE (EN), 2025-11-18

CNAD Certifier Report — FAVORABLE (ES), 2025-11-18

CNAD Certifier Report (English) — FAVOURABLE

CNAD Certifier Report (Spanish) — FAVORABLE

Resolution CD-001-2026 — Habilitation (EN translation)

Resolution CD-001-2026 — Habilitación (ES)

CNAD Resolution CD-001-2026 — Habilitation (English)

CNAD Resolution CD-001-2026 — Habilitación (Spanish)

Resolution CD-068-2026 — Registry entry (EN), EAD-0029 · AD-00035

Resolution CD-068-2026 — Registry entry (ES), EAD-0029 · AD-00035

CNAD Resolution CD-068-2026 — Registry Entry (English)

CNAD Resolution CD-068-2026 — Registry Entry (Spanish)

CMS DeBacker — Luxembourg SCS Legal Memorandum & Tax Strawman (ALKN STO)

CMS DeBacker Luxembourg SCS — Legal Memorandum & Tax Strawman on the Alkemya STO Project

ALKN Research Litepaper v4

ALKN Research Litepaper v4

Mining Journal — "High-grade nickel is an overlooked critical mineral"

Mining Journal — "High-grade nickel is an overlooked critical mineral"

Big News Network — "Nickel's Second Act: How High-Purity Metals Are Becoming the Plumbing of the Energy Transition"

Time Business News — "From Speculation to Stability: Why Real-World Asset Tokens Are the Next Stop for Safe Yield Seekers"

Ameblo — "Nickel's Second Act: High-Purity NP1 Nickel Wire as the Plumbing of the Energy Transition"

Big News Network — "The Rise of the Regulated Strategic Metal Token: Why Nickel-Backed Digital Securities Are the Next Institutional Asset Class"

USA Wire — "Real-World Asset Tokens: Safe-Yield Investing Beyond the APY Mirage"

Verification Workflow

1 · Fetch the manifest

2 · Download a PDF from R2

3 · Hash locally and compare

4 · Cross-check LBR (Luxembourg)

5 · Cross-check Helvetic Securgest

6 · Cross-check auditor sign-off

7 · Cross-check ASACERT / Deloitte FA valuations

8 · Cross-check CNAD CERT-0004 FAVOURABLE opinion