Bitfinex Securities raises $50M through nickel-backed token

Securities token platform Bitfinex Securities has raised $50 million through metal producer Alkemya’s nickel-based security token, ALKN, Cointelegraph reported. It marks Bitfinex’s largest fundraising to date. ALKN represents equity in Luxembourg-based Alkemya Metacore, which holds high-purity nickel wire valued at about $1.64 billion.