Commercial entity. Institutional parent. Listed instrument. Swiss custody.

How the pieces fit together — and how they are deliberately separated.

Who governs what.

Four years of deposited annual accounts. Balance-sheet total, result of the period, and the underlying reservoir valuation.

Figures below are taken verbatim from the annual accounts deposited with the Luxembourg trade and companies register (RCS) for parent entity Alkemya Metacore SCSp (RCS B265985). Each row links to the signed PDF in the AEGIS evidence locker; SHA-256 digests are published in /api/evidence-manifest.json so the figures can be independently verified byte-for-byte.

FY2025 — anatomy of the balance sheet

Deposited annual accounts FY2022, FY2023, FY2024 and FY2025 are signed by the external auditors Deloitte Luxembourg and Ria Grant Thornton. The accounts are deposited with RCS Luxembourg and are therefore publicly accessible via LBR.

Four certified registry extracts covering both Luxembourg legal entities — Alkemya Metacore SCSp (parent) and Alkemya Partners GP S.à r.l. (new general-partner vehicle).

Every extract is served byte-for-byte from the AEGIS evidence locker with its SHA-256 digest in the response headers. The Metacore extracts (B265985) confirm the institutional parent; the Partners GP extract (B299469) and its signed incorporation deed evidence the 2025 governance refresh establishing the new general-partner vehicle.

Swiss-vaulted custody, signed USD interim statement, executed LP-issuance instrument and group AML policy.

These four artifacts — all in the public evidence locker — corroborate the reservoir, its valuation basis in USD, the 800 M digital LP interests issued against it, and the group's AML/CFT framework. Together they explain how the EUR statutory balance-sheet total of €1.408 bn (DEF FY2025) reconciles to the USD signed management statement of US$1.644 bn after FX translation.

Three independent valuation layers and a favourable CNAD certifier opinion underpin the ALKN token issuance.

The reservoir's market value is established by ASACERT UK Ltd (Manchester) and reviewed by Deloitte Financial Advisory S.r.l. (Milan). A notarial Fair-Value opinion provides certified-copy evidence. The digital-asset wrapper — ALKN on Bitfinex Securities El Salvador — carries a FAVOURABLE CNAD certifier report issued by Digital Assets Solutions S.A. de C.V. (CERT-0004). All six artifacts are public in the evidence locker with SHA-256 integrity.

ALKN is registered. CNAD-CD-001-2026 authorised the offering; CNAD-CD-068-2026 granted issuer number EAD-0029 and token number AD-00035.

The Comisión Nacional de Activos Digitales of El Salvador issued two resolutions under the 2023 Digital Asset Issuance Act that jointly constitute the regulatory authorisation for ALKN. Resolution CNAD-CD-001-2026 (5 Jan 2026) granted the public-offering habilitación. Resolution CNAD-CD-068-2026 (27 Jan 2026) confirmed receipt of the USD 80,000 registration fee (0.01% of the USD 800,000,000 authorised offering) on 22 Jan 2026 and granted the definitive registry entries. Both resolutions are published here in certified Spanish originals and English translations.

Four PDFs (Spanish originals and certified English translations for both resolutions) are published in the evidence locker with SHA-256 integrity headers. They close the regulatory chain: reservoir (SKR · custody) → valuation (ASACERT · Deloitte · Fair-Value) → certifier opinion (CNAD CERT-0004, FAVOURABLE) → regulatory resolution (CNAD-CD-001-2026 habilitación) → registry entry (CNAD-CD-068-2026 · EAD-0029 · AD-00035).

The structure is memorialised by Luxembourg counsel, described in an official research litepaper, and covered by Mining Journal.

External counsel CMS DeBacker Luxembourg SCS has issued the final Legal Memorandum & Tax Strawman for the Alkemya STO Project (27 Aug 2025) to Hanover Square Capital (UK) Limited (Attn. Arvi Sood). The ALKN Research Litepaper v4 (Dec 2025) is the canonical investor-facing description of the instrument, reservoir, custody, token economics and commercialisation strategy. Independent industry press — Mining Journal, 24 Mar 2026, byline William Clarke — has covered the thesis, citing the Ramamurty/Sood white paper.

The three artefacts close the story: counsel formalises the structure · the litepaper memorialises the instrument · Mining Journal validates the thesis in the public record.

What industrial buyers and institutional screens need to know.