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Alchemy Pay is preparing to launch 55 ETFs and US-listed encrypted stocks across multiple networks, including Solana, through Backed's xStocks.
The cryptocurrency payment platform Alchemy Pay is expanding into real assets (RWA) through a partnership with the tokenization company Backed. They plan to launch 55 exchange-traded funds (ETF) and tokenized U.S. stocks on the RWA platform, allowing direct trading from fiat to RWA, especially in areas with restrictions on U.S. investment products.
The Marketing Director of Alchemy Pay, Ailona Tsik, stated that this partnership will help ordinary users gain access to global stocks and ETFs, breaking down traditional barriers. However, Alchemy Pay's RWA will not be available in America, where users already have access to stocks through brokerage platforms. This product aims to support users in regions with limited access.