Alchemy Pay, the world leading fiat-crypto payment solution provider, has launched its fiat-to-RWA investment platform with xStocks integration on day one, enabling global users to purchase tokenized U.S. stocks and ETFs directly with their local fiat currencies. The platform 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 including mobile wallets and bank transfers in 170+ countries.
This is the first globally available product offering direct fiat access to tokenized assets, allowing exposure to real-world stocks while removing traditional barriers to entry for investors worldwide.
Seamless Access, Real-World Benefits
The newly launched 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. The tokens 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.
To ensure precise pricing, Alchemy Pay aggregates real-time data from institutional-grade sources including Backed, Kraken, and licensed U.S. stock data providers. Its trading infrastructure is built to support 24/5 access, with execution partners like Kraken and Backed ensuring dependable liquidity and uptime.
Compared to decentralized-only RWA solutions, the Alchemy Pay platform offers more reliable market access, better liquidity depth, and regulated compliance. The integration of fiat payments further differentiates it, allowing users to bypass onramp to crypto entirely.
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Built on Strategic Alliances
This product follows the earlier announcement of Alchemy Pay’s partnership with Backed and the integration of xStocks. The collaboration brings together Alchemy Pay’s fiat onramp infrastructure and Backed’s regulated token issuance capabilities, unlocking a complete end- to-end investment solution.
As part of the broader xStocks alliance alongside Solana, Kraken, Bybit, and Chainlink, Alchemy Pay is extending access to tokenized real-world equities to users far beyond the traditional financial system.
Riding the RWA Wave
The launch comes amid a surge in real-world asset tokenization. According to Binance Research, the RWA market grew more than 260% in the first half of 2025, surpassing $23 billion in value. Regulatory clarity — such as the U.S. Senate’s recent passage of the GENIUS Act and updated SEC guidance — has accelerated institutional and retail interest in blockchain-based financial products.
Major players like Robinhood and Kraken have recently expanded into tokenized stocks, further validating the sector. Backed’s xStocks alone have surpassed $4 billion in CEX+DEX volume.
The launch of this fiat-to-RWA product marks a significant leap forward in global financial accessibility. Traditional brokerage systems, high entry thresholds, and jurisdictional barriers have historically excluded many users, particularly in emerging markets, from investing in global equities. By combining tokenization with localized fiat payment support, Alchemy Pay is effectively bridging this gap.
The ability to buy tokenized stocks like Circle or Tesla using regional payment rails is a first- of-its-kind offering, one that aligns with Alchemy Pay’s broader ambition to become a global financial access hub. Moving beyond its roots as a fiat-crypto payment gateway, the company is evolving into a more comprehensive infrastructure provider for the digital asset economy. As tokenization redefines capital markets, Alchemy Pay’s fiat-integrated RWA platform positions itself at the heart of this transformation, connecting global fiat liquidity to tokenized Wall Street.
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