Alchemy Pay has announced a partnership with Swiss tokenization firm Backed to integrate Backed’s xStocks product line—tokenized versions of exchange‑traded funds and equities—into Alchemy Pay’s real‑world asset (RWA) platform. The integration will initially support more than 55 tokenized U.S. ETFs and stocks, including widely followed names such as SPY, Apple, Nvidia, Tesla, Meta, and Google, with each token backed 1:1 by the underlying equity and issued under Backed’s compliant framework. These assets are issued on Solana via xStocks, with Alchemy Pay signaling plans to expand to additional blockchains over time. The partnership is positioned as a fiat-to-RWA gateway, allowing non‑U.S. users in over 170 countries to purchase tokenized stocks and ETFs directly using local fiat currencies through Alchemy Pay’s on‑ and off‑ramp infrastructure, which supports more than 50 fiat currencies and hundreds of payment channels. Access will exclude restricted jurisdictions such as the United States and certain sanctioned countries, aligning with xStocks’ geographic limitations. Strategically, this move extends Alchemy Pay beyond fiat–crypto payments into tokenized real‑world assets, aligning it with a broader industry push—also involving platforms like Kraken and Bybit—to bring traditional capital markets onchain and offer 24/7, DeFi‑integrated exposure to regulated tokenized securities.

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