So, guess what? Alchemy Pay has teamed up with Backed to sprinkle a little magic on the world of investing! 🎩✨ They’re launching tokenized stocks and ETFs on their RWA platform, which means that non-U.S. users in over 170 countries can finally invest in top global equities and ETFs using their local fiat currencies. Yes, you heard that right! No more waiting for a passport stamp to get in on the action! 🌍💰
Alchemy Pay, the self-proclaimed “leading fiat-crypto payment gateway” (because who doesn’t love a good title?), just announced this fabulous partnership with Backed, the equity tokenization wizards. 🧙♂️ With this new alliance, Alchemy Pay will integrate Backed’s xStocks into its RWA platform, allowing non-U.S. users to buy tokenized versions of major equities and ETFs. It’s like having your cake and eating it too, but with stocks! 🍰📈
Now, let’s talk about xStocks. Backed issues these permissionless tokens that are pegged 1:1 to the value of the real-world assets they represent. So, if you’ve ever wanted to own a piece of SPY, Apple, NVIDIA, Tesla, Meta, or Google without actually having to deal with the stock market drama, now’s your chance! 🎉 Their ETF offerings include the S&P 500 (bCSPX) and short-term U.S. Treasury bonds (bIB01). Because who doesn’t want a little bit of everything? 🤑
“Together with Backed, we’re making it possible for regular people to access leading global stocks and ETFs, breaking down the legacy walls that have kept too many people out,” said Ailona Tsik, CMO at Alchemy Pay. Sounds like a modern-day Robin Hood, doesn’t it? 🏹💚
And Adam Levi, co-founder of Backed, chimed in with, “This integration marks another significant step toward making xStocks — and the broader xStocks Alliance — the industry standard for on-chain equities.” So, basically, they’re on a mission to make investing as easy as ordering a pizza. 🍕📊
The xStocks Alliance is like the cool kids’ club of crypto exchanges and trading platforms, all focused on integrating Backed’s xStocks and ETFs. Kraken and the Solana (SOL) Foundation were among the early backers. In May, Kraken announced plans to launch xStocks on the Solana blockchain in partnership with Backed and the Foundation. Because why not? The more, the merrier! 🎈🚀
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2025-06-12 14:44