Alchemy Pay, a leading fiat-crypto payment solution provider, has announced its partnership with Visa and Mastercard to bring Wall Street and crypto to global users. In a blog post on Tuesday, Alchemy Pay confirmed the development.Â
This partnership also includes the launch of Alchemy Pay fiat-to-RWA investment platform with xStocks integration on day one. This, as revealed facilitates the purchase of tokenized U.S stocks and ETFs directly with local fiat currency. The platform also offers support for over 60 tokenized equities, including well-known names like Apple, Tesla, Circle, Coinbase, and SPY. It accepts various fiat payment options such as Visa, Mastercard, Apple Pay, Google Pay, SEPA, and more than 50 other local payment methods, encompassing mobile wallets and bank transfers across more than 170 regions..
This latest development makes Alchemy Pay the first fiat-crypto payment solution provider to globally offer direct fiat access to tokenized assets, eliminating the barriers for investors worldwide and enabling exposure to real-world stocks.
The platform also incorporate tokenized stocks issued by Backed’s xStocks. As revealed, these tokens 1:1 backed, supported by real shares held with regulated custodian banks and brokers. These tokens also mirrors real stock benefits like dividends and splits. Users can access prominent US assets with as low as $1.
Alchemy Pay also ensures accurate pricing by aggregating real time data from institutional-grade sources including Backed, Kraken, and licensed U.S stock data providers. The trading structure supports 24/5 access partnering with execution providers like Kraken and Backed ensuring reliable liquidity and uptime.
Alchemy Pay partners with Backed
Meanwhile, this development comes shortly after Alchemy Pay’s partnership with Backed and its integration with xStocks. This collaboration brings together Alchemy Pay’s fiat on-ramp infrastructure and Backed’s regulated token issuance capabilities, unlocking a complete end-to-end investment solution.
Unlike other decentralized-only RWA solutions, the Alchemy Pay platform offers more reliable market access, better liquidity depth, and regulated compliance. The integration of fiat payment further differentiates it from others, allowing users to bypass the on-ramp to crypto entirely.
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