Alchemy Pay taps Backed to expand access to tokenized ETFs, stocks

Alchemy Pay is preparing to launch 55 US tokenized ETFs and stocks on multiple networks, including Solana, via Backed’s xStocks.

Cryptocurrency payment platform Alchemy Pay is expanding into real-world assets (RWA) through a new partnership with tokenization firm Backed, the company said in a Thursday announcement shared with Cointelegraph.

The company plans to launch 55 tokenized US exchange-traded funds (ETFs) and stocks on its RWA platform via Backed’s xStocks integration.

The rollout will enable direct fiat-to-RWA transactions with a focus on regions with limited access to US investment products.

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