Alchemy Pay has announced a partnership with Backed to launch tokenized stocks and ETFs on its RWA platform. This allows non-U.S. users to invest in global assets.
Partnership Between Alchemy Pay and Backed
Alchemy Pay, a leading fiat-crypto payment gateway, has partnered with Backed, an equity tokenization firm. This integration will enable token xStocks on the RWA platform, allowing users from over 170 countries to invest in tokenized versions of major companies.
Tokenized Assets and Their Accessibility
Backed issues xStocks as permissionless tokens pegged 1:1 to the value of real-world assets. Their offerings include over 55 tokenized stocks such as Apple, Tesla, and Google, as well as ETFs including S&P 500 and short-term U.S. Treasury bonds.
The Future of Tokenized Stocks
Ailona Tsik, CMO of Alchemy Pay, stated: “Together with Backed, we’re making it possible for regular people to access leading global stocks and ETFs, breaking down the legacy walls that have kept too many people out.” Adam Levi, co-founder of Backed, noted that this integration marks a significant step toward making xStocks and the broader xStocks Alliance the industry standard for on-chain equities.
The partnership between Alchemy Pay and Backed marks an important development in tokenized assets, opening new opportunities for investors and increasing access to equity markets on a global scale.
