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

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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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