A four-layer architecture, each layer in its own jurisdiction, under its own counsel, with its own regulatory treatment. This page sets out the explicit separations that industrial buyers, tender desks and institutional screens require.
Industrial buyers, OEM engineering teams, government tender evaluators and ESG-screening desks all need a clean answer to the same question: what am I actually dealing with?
The answer for GTX is simple: a Singapore Pte. Ltd. commercial operating company, owned 70% by a Luxembourg SCSp institutional parent, drawing supply from a Swiss-vaulted physical reservoir, contracting industrially on its own balance sheet, under its own counsel, in its own jurisdiction. The listed ALKN instrument is a separate matter of the parent, documented at alkemya.com, and does not affect industrial supply terms.
| Layer 01 · GTX Pte. Ltd. (Singapore) | ACRA (corporate registration) · MAS (financial-services interface) · CNPLaw LLP (corporate counsel) |
|---|---|
| Layer 02 · Alkemya Metacore SCSp (Luxembourg) | Luxembourg LP register · CMS DeBacker (SCSp counsel) · Dentons (regulatory counsel) |
| Layer 03 · ALKN instrument | CNAD EAD-0029 · Bitfinex Securities · HydraX · Archax · Clearstream settlement infrastructure |
| Layer 04 · Swiss custody | Helvetic Securgest SA (Lugano) · FINMA-supervised custody regime · independent audit |
| United States distribution | Foley & Lardner LLP · Regulation S review · not-for-distribution determination |
Figures below are taken verbatim from the annual accounts (abridged) deposited with the Luxembourg trade and companies register (RCS) for the sponsor entity Alkemya Luxembourg S.à r.l. (RCS B265985), plus an interim detailed balance sheet as of 30 September 2025. The sponsor's balance-sheet composition attests the sponsor→Alkemya Metacore SCSp equity participation via line 2310015 "Parts dans des entreprises - Metacore SCSP" (EUR 683,994,400 = USD 800,000,000). 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.
| Period | Balance-sheet total (EUR) | Result of the period (EUR) | Evidence |
|---|---|---|---|
| FY2022 (31 Dec 2022) | 1,406,562,485.01 | −954,508.07 | DEF ALKEMYA 2022 |
| FY2023 (31 Dec 2023) | 1,406,523,395.43 | +86,773.02 | DEF ALKEMYA 2023 |
| FY2024 (31 Dec 2024) | 1,408,510,459.28 | −137,146.05 | DEF ALKEMYA 2024 |
| Interim BS (as-of 30 Sep 2025) | 1,408,868,808.34 | −1,481,015.85 | INTERIM BS 2025-09-30 |
| Line item | Value (EUR) | Note |
|---|---|---|
| Metacore SCSp LP — equity participation | 683,994,400.00 | Institutional parent holding |
| Metacore SCSp LP — reserve | 721,386,288.91 | Reservoir backing, marked-to-book |
| NP1 finished-products stock | 1,405,380,952.00 | 7,026,904.76 m at EUR 200 / m |
| Subscribed capital (unchanged since incorporation) | 30,000.00 | Formation 7 Mar 2022 |
| Balance-sheet total | 1,408,868,808.34 | Interim balance sheet as of 30 September 2025 |
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.
Every extract is served byte-for-byte from the AEGIS evidence locker with its SHA-256 digest in the response headers. The Metacore extracts (B299541) confirm the institutional parent Alkemya Metacore SCSp (constituted 29 August 2025, registered 5 September 2025); the Partners GP extract (B299469) and its signed incorporation deed evidence the 2025 governance refresh establishing the new general-partner vehicle Alkemya Partners GP S.à r.l.
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.
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.
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).
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.