Hassan Maishera
On Tuesday, the Alchemy Pay team announced via a blog post that it has launched its fiat-to-RWA investment platform with xStocks integration on day one. The platform will enable global users to purchase tokenized U.S. stocks and ETFs directly with their local fiat currencies.
It also supports over 60 tokenized equities, including Apple, Tesla, Circle, Coinbase, and SPY, with fiat payment methods such as Visa, Mastercard, Apple Pay, Google Pay, SEPA, and 50+ local payment methods, including mobile wallets and bank transfers in 170+ countries.
Alchemy Pay’s platform integrates tokenized stocks issued by Backed's xStocks. These tokens are 1:1 backed by real shares held with regulated custodian banks and brokers. They also reflect benefits such as dividends and splits. With a low entry threshold, starting from just $1, users can gain fractional exposure to leading U.S. assets.
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 0.7% in the last 24 hours and trades at $0.01957.
