Alchemy Pay Unleashes Tokenized Stocks, Expanding Global Investment Access
Get ready for a significant expansion in the world of real-world assets (RWA) through cryptocurrency platforms. Alchemy Pay, a leading crypto payment gateway, is making a major move into tokenized investments, aiming to bridge the gap between traditional finance and the digital asset space for users around the globe.
Alchemy Pay Forges Key Partnership for RWA Push
Alchemy Pay has officially announced a strategic collaboration with Backed, a tokenization firm specializing in regulated financial assets. This partnership is set to enable Alchemy Pay to offer tokenized versions of popular US exchange-traded funds (Tokenized ETFs) and individual Tokenized Stocks directly on its platform. This initiative represents a concrete step in bringing traditional financial products onto the blockchain, making them accessible to a wider audience outside of conventional brokerage systems.
Accessing Tokenized Stocks and Tokenized ETFs
Through the integration of Backed’s xStocks product, Alchemy Pay plans to launch 55 specific US Tokenized ETFs and Tokenized Stocks. The goal is to facilitate direct fiat-to-RWA transactions, simplifying the process for users to invest in these tokenized assets using their local currencies. This approach is particularly aimed at regions where obtaining direct access to US investment markets has historically been challenging or limited.
Ailona Tsik, Alchemy Pay’s chief marketing officer, emphasized the mission behind this launch, stating, “Together with Backed, we’re making it possible for regular people to access leading global stocks and ETFs, breaking down the legacy walls that have kept too many people out.”
Understanding the RWA Focus and Geographic Limitations
This expansion into RWA is designed with a specific global audience in mind. While the offering includes US-based assets, Alchemy Pay‘s tokenized RWA will not be available to residents of the United States. This restriction is due to regulatory considerations surrounding Backed’s xStocks product, which are restricted in the US, alongside highly sanctioned jurisdictions.
Tsik clarified the reasoning: “The reality is that users in the US already have relatively seamless access to traditional equities like stocks and ETFs through well-established brokerage platforms. Our mission with this product is to bridge the gap for users outside of the US, especially in regions where direct access to such assets has traditionally been limited or unavailable.” This highlights the focus on serving underserved markets and leveraging blockchain for financial inclusion.
Backed’s Role in the Tokenization Ecosystem
Backed is establishing itself as a key player in the tokenized asset space. Beyond the partnership with Alchemy Pay, Backed also provides tokenized stocks and ETFs to the US-based crypto exchange Kraken, which announced its own upcoming RWA offering in May. This demonstrates Backed‘s growing presence and expertise in tokenizing traditional financial instruments for blockchain platforms.
Solana and Future Chain Expansion for Tokenized Assets
The initial rollout of Alchemy Pay’s RWA platform is expected to leverage the Solana blockchain. Backed currently issues its xStocks assets on Solana, making it a natural starting point for the integration. However, Alchemy Pay has stated that its long-term vision is multi-chain.
Tsik confirmed, “While xStocks currently issues its RWA assets on Solana and is part of the current integration, we’re not limiting ourselves to a single chain. In the future, we will continue to partner with RWA companies to support various RWA assets on different chains.” This indicates a commitment to interoperability and supporting a diverse range of blockchain networks as the RWA market evolves.
Anticipating the Launch and Broader Impact
The Alchemy Pay RWA platform is slated to go live in August, with a prototype already available for preview. This launch is poised to significantly expand Alchemy Pay’s offerings beyond payment processing, positioning it as a gateway for global investment into tokenized traditional assets. The platform is designed to support a wide range of fiat currencies and payment methods, further lowering the barrier to entry for international users.
This move by Alchemy Pay, facilitated by Backed, underscores the growing trend of bringing real-world assets onto the blockchain. It highlights the potential for crypto platforms to democratize access to investment opportunities previously confined to traditional financial systems, particularly for individuals in regions with limited access.
Conclusion
Alchemy Pay‘s partnership with Backed to launch Tokenized Stocks and Tokenized ETFs marks a notable development in the RWA space. By focusing on non-US markets and integrating with platforms like Solana while planning for multi-chain support, Alchemy Pay is set to unlock new investment avenues for a global audience. The August launch is eagerly anticipated as it could significantly impact how individuals worldwide access and invest in traditional financial assets through the convenience and efficiency of blockchain technology.
