Alchemy Pay, a Singapore-based fiat-crypto payment gateway, has announced the integration of tokenized equities into its platform through a new partnership with Swiss-based firm Backed. The collaboration will allow users in more than 170 countries to invest in tokenized versions of major global stocks and exchange-traded funds (ETFs) using local currencies.
The integration introduces a fiat-to-real-world asset (RWA) investment pathway, enabling global users to access over 55 tokenized equities, including Apple, Tesla, Meta, and the SPDR S&P 500 ETF (SPY). These tokenized assets are issued by Backed and backed one-to-one by their underlying securities.
New Investment Access for Underserved Markets
Alchemy Pay’s move aims at expanding access to equity markets in underbanked and emerging regions with limited traditional brokerage services. By supporting direct purchases with fiat, the platform seeks to simplify entry into global financial markets for individuals without access to legacy financial infrastructure.
The launch of the xStocks product line—Backed’s series of tokenized equities—is expected to offer 24/7 liquidity, fractional ownership, and on-chain transferability. These features align with broader efforts in the crypto industry to create borderless financial tools that operate independently of local banking systems.
According to company representatives, the assets adhere to regulatory compliance standards available across additional blockchain networks and trading platforms in the future.
Partnership Aims to Advance On-Chain Equity Adoption
The initiative is part of the broader xStocks Alliance, a network of exchanges and platforms that support tokenized equities. Backed, which has operated in the RWA space since 2021, provides the underlying infrastructure for the tokenized securities.
Alchemy Pay has stated that it will continue expanding its real-world asset offerings by exploring tokenized bonds, commodities, and real estate. The company currently operates across more than 300 payment channels globally.
Adam Levi, co-founder of Backed, described the integration as a step toward broader acceptance of tokenized finance models. Alchemy Pay executives echoed the sentiment, highlighting the role of on-chain equities in reshaping how users interact with capital markets.
