Alchemy Pay Teams Up with Backed for Global Investment Access
Alchemy Pay has joined forces with Backed to expand investment opportunities globally. This collaboration allows non-U.S. users in over 170 countries to invest in top global equities and ETFs through tokenized assets.
Alchemy Pay, a leading fiat-crypto payment gateway, will integrate Backed’s xStocks on its RWA platform. xStocks are tokens that mirror the value of real-world stocks and ETFs.With this, investors can buy these tokens using their local currencies without complex forex deals.
Backed’s xStocks include 55 major stocks like Apple, Tesla, and Meta. They also offer ETFs tied to well-known indices such as the S&P 500. This opens a new door for people seeking exposure to leading global markets.
“This partnership ensures everyone, nonetheless of location, can access top global stocks and ETFs,” said Ailona Tsik, CMO at Alchemy Pay. The move breaks down the barriers of customary finance, making it more inclusive.
adam Levi, co-founder of Backed, added, “Integrating xStocks across platforms is a step towards setting a new industry standard in on-chain equities.”
The xStocks Alliance aims to bring these tokenized assets to more crypto exchanges and trading platforms. Early supporters include Kraken and the Solana Foundation.
