Alchemy Pay, a prominent fiat-crypto payment gateway, has partnered with Backed, a company specializing in equity tokenization. This collaboration will integrate Backed’s xStocks into Alchemy Pay’s Real-World Asset (RWA) platform.
The partnership allows users in over 170 countries to invest in tokenized stocks and exchange-traded funds (ETFs) using local fiat currencies.
A New Way to Access Global Equities
Backed’s xStocks offer tokenized versions of popular global assets, pegged 1:1 to their real-world counterparts. These tokenized stocks include major companies such as Apple, Tesla, Meta, Google, and NVIDIA.
Alongside these, investors can also purchase ETFs like the S&P 500, bringing further diversity to the platform. The tokenization of equities allows fractional ownership, which lowers the entry barrier for investors.
With xStocks, users can invest in traditional assets while avoiding complex brokerage systems, making it easier and more affordable to access top-tier stocks and ETFs.
Backed’s xStocks are designed to provide transparency and security, as they are backed by real-world assets. This means that users will receive tokens that represent the actual value of the equities, ensuring confidence in their investments.
By integrating these tokenized assets into Alchemy Pay’s platform, the partnership offers a direct, simple route for users to purchase these stocks and ETFs. This marks a major step forward in the development of decentralized finance (DeFi), with the tokenization of traditional assets opening up new opportunities for investors worldwide.
Breaking Barriers for Non-U.S. Investors
The partnership of Alchemy Pay with Backed is especially valuable to non-U.S. users. The conventional finance systems are either undeveloped or unavailable in most areas.
This collaboration will allow users of the regions to invest in high-value international assets without the requirement of a traditional bank or brokerage account.
Investors will avoid the complexity and high cost of traditional trading platforms by using the local fiat currencies.
The inclusion in the Alchemy Pay platform provides an easy way to invest in tokenized stocks and ETFs. It makes sure that the people in the underbanked areas are able to engage in the international financial system which was not the case previously.
Tokenized equities are also easily tradable with 24/7 liquidity, making the investments even more accessible. Trading global stocks and ETFs without any limitation is a massive move towards financial inclusivity.
The collaboration of Alchemy Pay and Backed opens the door to additional decentralized financial innovations. With the tokenized assets gaining more and more popularity, this partnership has the potential to become the basis of a new approach to the interaction of the global community with traditional finance.
