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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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Alchemy Pay collaborates with Backed to expand tokenization ETF and stock exposure
Gate News bot message, the Crypto Assets payment platform Alchemy Pay announced that it is expanding its business into real-world assets (RWA) through a new partnership with the tokenization company Backed.
The company plans to launch 55 tokenized U.S. exchange-traded funds (ETF) and stocks on its RWA platform through Backed xStocks integration.
This launch will enable direct trading between fiat currency and RWA, focusing on regions that have difficulty accessing US investment products.
Source: Cointelegraph