Alchemy Pay, the leading fiat-crypto payment gateway, today announced the upgraded launch of its RWA investment platform, now powered by institutional-grade liquidity from Kraken, one of the world’s largest and most trusted crypto exchanges.
This strategic integration with Kraken’s Pro API enables Alchemy Pay to offer its global user base deep, stable liquidity for Backed’s xStocks offerings across 60+ tokenized assets.
The integration marks a significant upgrade to Alchemy Pay’s RWA investment platform. Following strong initial user demand for popular assets like tokenized NVIDIA and Apple shares, the platform has now connected to Kraken’s robust API. This move ensures a world-class trading experience, allowing users to confidently execute orders of any size with minimal price slippage across the entire range of over 60 xStocks offerings.
This three-way collaboration makes the promise of a global fiat-to-RWA gateway a reality. By combining Alchemy Pay’s unparalleled network of 300+ local payment channels in 173+ countries, Backed’s regulated tokenized assets, and Kraken’s deep liquidity, the platform breaks down legacy barriers. Users in emerging markets can now bypass complex brokerage systems and use their local currency to gain fractional, 24/7 exposure to assets like tokenized SPY, Tesla, and Google.
Moreover, this strategic integration democratises traditional finance, breaking down the walled gardens that have historically restricted access. It effectively brings access to global capital markets to users anywhere in the world. Through the collaboration with Kraken as a liquidity backbone, partners like Alchemy Pay can now easily integrate xStocks and confidently offer their users deep liquidity across the entire long tail of tokenized assets, not just the most popular ones.
“This integration with Kraken Pro is a pivotal moment, moving the vision of the xStocks Alliance into a fully scalable reality,” said Ailona Tsik, CMO at Alchemy Pay. “By securing institutional-grade liquidity, we have ensured the stability needed to democratize global capital markets. We are now truly fulfilling our mission to onboard the next billion users by providing a reliable, high-performance fiat gateway to these powerful RWA assets.”
xStocks, Backed’s flagship line of tokenized stocks and ETFs, are fully backed 1:1 by the underlying equity, offering non-U.S. users direct, fractional access to leading global stocks. The surging market appetite for these assets is undeniable: xStocks recently surpassed $10 billion in total transaction volume just four months after its public launch, highlighting the speed and scale at which tokenized investment products are capturing market interest.
“xStocks have been growing consistently since launch, thanks to Alchemy Pay and others who continue to improve and provide institutional-grade experience for tokenized equities,” said Adam Levi, co-founder of Backed. “More than open access, users want to trade tokenized equities without compromising on liquidity, and that’s what we’re delivering.”
Industry analysts forecast that the tokenization of global real-world assets, including stocks, real estate, and private credit, represents a market opportunity valued in the trillions of dollars in the coming years. By pioneering fiat-to-RWA access into this ecosystem and providing the necessary institutional-grade liquidity, Alchemy Pay, Backed, and Kraken are actively accelerating the disruption of traditional finance, paving the way for a more efficient, accessible, and inclusive global capital market.
About Kraken
Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 300 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.
Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. With millions of individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.
Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps.
For more information about Kraken, please visit www.kraken.com.
About Backed
Backed issues permissionless tokens that track the value of real-world assets following a robust regulatory framework, backed 1:1 by the underlying equity. Backed offers tokenization services to institutional clients, bridging the gap between TradFi and DeFi.
Not for the distribution to any U.S. Person or any person or address in the United States.
Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.
For a full list of prohibited and restricted countries and to review legal documentation, please visit https://www.assets.backed.fi/legal-documentation
About xStocks
xStocks is a new line of tokenized assets by Backed Finance, set to transform how investors interact with financial markets. With over 50 tokenized equities and ETFs, including Apple, Tesla, and Nvidia, xStocks expands access to U.S. markets to users around the globe. Launching in partnership with Kraken and debuting first on Solana, they enable 24/7 trading and seamless integration with DeFi for open, accessible, programmable finance.
Backed drives this initiative, leveraging its expertise in regulatory compliance and asset security. As a pioneer in tokenized securities, Backed issues xStocks as permissionless tokens that track the value of real-world assets and are backed 1:1 by the underlying equity. xStocks are neutral assets designed for the public good, reaching users in popular chains and trusted apps.
About Alchemy Pay
Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.
The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.
