Alchemy Pay partners with Backed to launch the world's first fiat-to-RWA investment channel, set to launch 55 tokenized assets of US stocks and ETFs

ChainCatcher news, the crypto payment company Alchemy Pay announced a partnership with the RWA tokenization platform Backed, planning to launch the xStocks product on its Alchemy Pay RWA investment platform, covering 55 tokenized assets of US stocks and ETFs, including Apple, Tesla, Google, and SPY, and introducing the world's first fiat-to-RWA investment channel.

In the future, users will be able to directly purchase these tokenized assets with fiat currency, without the need to hold cryptocurrency or go through intermediary brokers, lowering the threshold for global users to access traditional financial assets. Alchemy Pay stated that it will continue to expand more on-chain RWA assets and partners in the future.