Hassan Maishera
On Wednesday, the Alchemy Pay team announced via a blog post that it has upgraded its RWA investment platform, now powered by institutional-grade liquidity from Kraken, one of the world's largest and most trusted crypto exchanges.
This strategic integration with Kraken's Pro API enables Alchemy Pay to offer its global user base deep, stable liquidity for Backed's xStocks offerings across 60+ tokenized assets.
This three-way collaboration makes the promise of a global fiat-to-RWA gateway a reality. By combining Alchemy Pay's unparalleled network of 300+ local payment channels in 173+ countries, Backed's regulated tokenized assets, and Kraken's deep liquidity, the platform breaks down legacy barriers. Users in emerging markets can now bypass complex brokerage systems and use their local currency to gain fractional, 24/7 exposure to assets like tokenized SPY, Tesla, and Google.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up 1.7% in the last 24 hours and trades at $0.01039.
