Alchemy Pay Enters RWAs With Kraken’s Tokenization Partner
Summary
Alchemy Pay is partnering with Backed to expand into real-world assets (RWA), launching 55 tokenized US exchange-traded funds (ETFs) and stocks via Backed’s xStocks integration. This platform will facilitate direct fiat-to-RWA transactions, targeting regions with limited access to US investment products. Alchemy Pay's RWA offerings will not be available in the US, as users there already have access to traditional equities through established brokerage platforms. The RWA platform is expected to launch in August, currently available in prototype form. Alchemy Pay plans to integrate additional blockchain networks beyond Solana, aiming to support 173 countries, 50 fiat currencies, and over 300 payment channels.
