Backed and Alchemy Pay Unveil First Fiat Gateway to Tokenized Stocks and ETFs

Highlights:

• Alchemy Pay adds 55 tokenized US stocks and ETFs to its RWA platform.
• xStocks integration enables direct fiat-to-tokenized equity transactions.
• Users in over 170 countries can access stocks using local payment methods.

Alchemy Pay has entered a strategic partnership with Backed to expand real-world asset (RWA) services. The partnership introduces tokenized stocks and exchange-traded funds (ETFs) on the Alchemy Pay platform. The new integration, dubbed xStocks, will allow purchasing tokenized assets and fiat in more than 170 countries.

The xStocks product lineup will feature over 55 U.S.-listed securities, featuring the best names like Apple, Meta, and Google as well as ETFs like the S&P 500 and Short-term U.S. Treasury bonds. These funds are created in the form of tokens, where each token is fully backed 1:1 by the actual underlying stock or ETF. The tokens will provide fractional ownership, on-chain liquidity, and round-the-clock availability.

The shift aims at areas where traditional investing is still constrained. The new model eliminated intermediaries as it allows users to buy tokenized equities with local fiat currencies. The rollout has more than 300 payment channels and supports more than 50 fiat currencies, such as cards or mobile payments.

Ready for one of the first Fiat-to-RWA experiences?#AlchemyPay has partnered with @BackedFi to bring 55+ leading global tokenized stocks and ETFs by @xStocksFi to the world, including SPY, Apple, Tesla & more—available directly via fiat payments.
This is how the future… pic.twitter.com/GstJUHWcDm

— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) June 12, 2025

Alchemy Pay Expands RWA Access Through xStocks

Alchemy Pay’s RWA platform has been expanded to enable tokenized equities via Backed. The advancement counters key obstacles in the developing markets. Such regions either have no low-cost brokerage commission or no access to international stock exchanges.

Alchemy Pay is bringing down entry barriers by providing direct fiat-to-asset transactions. It establishes alternative avenues of investment for users who have traditionally been excluded from capital markets. The collaboration will further tokenize asset coverage in regions outside the U.S. exponentially.

In addition, the infrastructure provided by Backed is a regulatory standard and the xStocks tokens have been designed to be compliance- and transparency-focused. The products will not be offered in prohibited areas such as the U.S., Iran, North Korea, or Syria. The collaboration is part of the bigger industry trends towards real-world asset tokenization. Kraken and the Solana Foundation are similarly integrating with xStocks.

Today we’re announcing our new partnership with @BackedFi for the launch of xStocks on @Solana 🚀@xStocksFi will offer tokenized versions of U.S.-listed equities, available soon to eligible Kraken clients in select non-U.S. markets.

A new layer of market access, built on… pic.twitter.com/eXUnpHDipF

— Kraken Exchange (@krakenfx) May 22, 2025

What This Means for the Alchemy Pay Ecosystem

Through this rollout, Alchemy Pay is cementing its status in the RWA sector. Its infrastructure bridges traditional finance with decentralized platforms. The business is already operating in over 173 countries and it is growing rapidly.

The Solana blockchain is the network behind the first issuance of xStocks on Alchemy Pay. The platform will, however, be extended to other chains in subsequent releases. This method increases the flexibility and cross-chain compatibility for global users. The new product is already available in a prototype version via a special portal. However, the complete integration will become available in August. Support of additional asset classes such as tokenized bonds, real estate, and commodities will follow.

The vision of the platform is to bring a wide user audience to Web3. Moreover, it aims to reduce wealth participation gaps by offering easy-to-use financial products. Its collaboration with Backed is among the broader movements toward inclusive digital finance. The update also provides a boost not only to the service scope of Alchemy Pay but to the xStocks Alliance as well. Furthermore, the partnership gets tokenized financial products a step closer to becoming a global standard.