Alchemy Pay and Backed Team Up to Revolutionize Global Investment with Tokenized Stocks and ETFs

Breaking Down Barriers: Non-U.S. Investors Gain Access to Top Equities and ETFs

Hang onto your hats, crypto fans! Alchemy Pay, the trailblazing fiat-crypto payment gateway, just dropped a bombshell: they've joined forces with the equity tokenization wizards at Backed. This game-changing partnership means Alchemy Pay's RWA platform is now rolling out the red carpet for non-U.S. investors in over 170 countries, giving them the golden ticket to dive into tokenized versions of the world's hottest stocks and ETFs using their local fiat currencies. It's like a financial revolution knocking on your door!

xStocks: Your Gateway to Real-World Assets, Tokenized and Ready to Rock

Backed isn't playing around with their xStocks. These bad boys are permissionless tokens that are locked in a 1:1 dance with the value of the real-world assets they represent. We're talking about a lineup that's hotter than a summer in the Sahara, with over 55 tokenized stocks including heavy hitters like SPY, Apple, NVIDIA, Tesla, Meta, and Google. And don't sleep on their ETF game—they're serving up exchange-traded funds that cover everything from the S&P 500 (bCSPX) to short-term U.S. Treasury bonds (bIB01). It's like a buffet of investment options, and everyone's invited!

Quotes from the Masterminds Behind the Move

Ailona Tsik, the CMO at Alchemy Pay, is fired up about this partnership. "Together with Backed, we're tearing down the walls that have kept too many people out of the investment game. We're making it possible for regular folks to get their hands on the leading global stocks and ETFs. It's a new day for investors everywhere!"

Adam Levi, co-founder of Backed, is just as pumped. "This integration is a giant leap forward for xStocks and the entire xStocks Alliance. We're setting the standard for on-chain equities, and we're just getting started!"

The xStocks Alliance: A Powerhouse of Crypto Exchanges and Trading Platforms

The xStocks Alliance isn't messing around. This crew is a powerhouse of crypto exchanges and trading platforms that are all about integrating Backed's xStocks and ETFs. Early adopters like Kraken and the Solana (SOL) Foundation are already on board. And back in May, Kraken threw down the gauntlet, announcing plans to launch xStocks on the Solana blockchain in partnership with Backed and the Foundation. The future of investment is here, and it's tokenized!