- Alchemy Pay and Backed launch 55 tokenized U.S. ETFs and stocks.
- Non-U.S. users invest with fiat across 170+ countries.
- xStocks offer 1:1 backing and 24/7 on-chain liquidity.
Alchemy Pay, a major fiat-crypto payment gateway, announced a collaboration with Backed to tokenize ETFs and stocks and list them on its real-world asset (RWA) platform. The company launched the product on June 12, 2025, featuring 55 tokenized U.S. exchange-traded funds (ETFs) and stocks, including high-profile assets like Apple, Tesla, NVIDIA, and SPDR S&P 500 ETF Trust.
The integration will allow international clients (outside the U.S.) to purchase tokenized assets in their local fiat currencies through Backed xStocks. The platform will target regions that have low access to the U.S. financial markets and offer an effective fiat-to-RWA transaction platform.
Tokenized Assets Expand Global Investment Access
The partnership will enable users across over 170 countries to invest in tokenized stocks via the Alchemy Pay platform, which supports 50 fiat currencies and over 300 payment channels, including mobile apps, bank cards and local payment services.xStocks are decentralized, permissionless tokens that are transparent, trustworthy, and supported by underlying securities. Backing them up is backed.
The fractional ownership reduces the barrier to investment, permitting smaller retail investment. The platform provides 24/7 on-chain liquidity that allows everyone to trade smoothly even outside the usual market hours in the traditional setting. The team has already made a prototype accessible through a special portal, and they plan to introduce the full version in August 2025.
According to Ailona Tsik, chief marketing officer of Alchemy Pay, the project is monumental since it “annihilates the walls of financial exclusion” and “opens the world markets to the mainstream investors.”
Multi-Chain Roadmap and Strategic Vision
Supports xStocks on the Solana blockchain, which is in line with Kraken’s future RWA platform. Alchemy Pay will likely enable additional blockchains, such as Ethereum and Polygon, to increase the supported assets and enhance cross-compatibility.
The company has plans to become a significant hub in RWA investments, and it will soon tokenize bonds, real estate, and commodities. Chief revenue officer Romeo Luo continued: “Backed combines its tokenization capabilities with its robust fiat infrastructure to unite traditional finance and Web3.”
It should be noted that the targeted audience of the Alchemy Pay platform does not include the residents of the United States since they already have access to the equities trading opportunity through the services of highly established brokerages, including Robinhood and Fidelity. The company now focuses on underbanked markets in Asia, Africa, and Latin America, where financial infrastructure remains underdeveloped.
Regulatory Compliance and Security Measures
Backed creates tokenized assets that comply with European regulations and controls them under a framework in Switzerland.Independent custodians’ verification of each xStock tokenizes the asset backing and security to the investors. To help with compliance in different countries, Alchemy Pay also offers effective KYC and AML systems.
The platform leverages on the immutability feature of blockchain to offer transparent record keeping and smart contracts to automate settlement processes that lower counterparty risks. These factors contribute to Alchemy Pay serving as a secure onramp to the global use of RWA.
