Alchemy Pay is launching a new initiative allowing international investors to access tokenized stocks and ETFs, made possible through a partnership with Backed.
Benefits of Direct Access to Tokenized Stocks
Alchemy Pay provides users the ability to convert local fiat currencies into tokenized equities, bypassing traditional brokerage systems. This significantly simplifies the investment process, allowing users to enjoy fractional ownership, 24/7 liquidity, and streamlined transfers.
Strategic Partnership with Backed
The collaboration with Backed is crucial for realizing this initiative. By utilizing Backed's technology, Alchemy Pay will create tokenized stocks and ETFs within a highly regulated framework, ensuring that each token is backed 1:1 by the respective asset. This approach guarantees transparency and security for investors.
Bridging Opportunities for Underbanked Markets
The new offering is particularly significant for regions where access to U.S. investment products has been limited. By enabling investments in global equities via local fiat, Alchemy Pay is fostering financial inclusion and expanding access to investments for users in underbanked areas.
With its new initiative, Alchemy Pay offers solutions to simplify investing in global assets and contributes to financial accessibility for users across various regions worldwide.
