Alchemy Pay Partners with Backed to Launch the World’s First Fiat-to-RWA Investment Channel, Introducing 55 Tokenized US Stocks and ETFs

Crypto payment company Alchemy Pay has announced a partnership with RWA tokenization platform Backed, planning to launch xStocks products on its Alchemy Pay RWA investment platform. This will cover tokenized assets of 55 US stocks and ETFs, including Apple, Tesla, Google, and SPY, introducing the world’s first fiat-to-RWA investment channel.

In the future, users will be able to purchase these tokenized assets directly with fiat currency, without the need to hold cryptocurrencies or go through intermediary brokers, thereby lowering the barrier for global users to access traditional financial assets. Alchemy Pay stated that it will continue to expand its range of on-chain RWA assets and partners in the future.