Popular payment gateway Alchemy Pay has partnered with cryptocurrency exchange Kraken and permissionless token issuer Backed’s xStocks. The partnership aims to foster the growth of the Real World Assets (RWA) ecosystem around the world. As Alchemy Pay’s official press release points out, this strategic integration provides the ability to provide streamlined access to xStocks, Backed’s suite of over 60 ETFs and stocks. Therefore, this development provides a relatively smooth and stable RWA trading environment for users around the world.
Alchemy Pay, Kraken and Backed develop cross-border fiat-to-RWA gateway
As part of this partnership, Alchemy Pay is strengthening its RWA investment network by integrating institutional-grade liquidity provided by Kraken’s Pro API. This strengthens our ability to provide unparalleled access to Backed’s xStocks, Backed’s package of over 60 stocks and ETFs. As a result, consumers receive stable and comprehensive liquidity across all products offered by xStocks.
This ensures that all trades, regardless of size, are made with minimal slippage. This improves the quality of the platform for running relatively organization-wide standards. Early consumer interactions with tokenized blue-chip RWA demonstrated the need for notable liquidity support. Therefore, Alchemy Pay has strengthened its infrastructure to enhance the rapidly growing RWA investment environment.
Separately, this three-way collaboration will integrate Alchemy Pay with Kraken and Backed, making a comprehensive fiat-to-RWA gateway a reality. Alchemy Pay’s network accounts for more than 300 local payment channels in more than 173 countries, allowing consumers in particularly specialized markets to bypass intermediary hurdles. Individuals can now leverage community currencies to leverage 24-hour partial exposure to diverse tokenized stocks such as Tesla, Google, and SPY through regulated products offered by Backed.
Collaboration redefines tokenized finance at the intersection of deep liquidity and on-ramp
According to Alchemy Pay, the partnership will integrate the introduction of fiat currencies, abundant liquidity, and tokenized assets into a comprehensive system. As such, Kraken, Backed, and Alchemy Pay are actively starting a new chapter in the evolution of finance. Ultimately, the combined efforts of these platforms will provide the foundation for a relatively efficient, globally connected, and unified capital market developed on top of blockchain technology.
Excerpt: Alchemy Pay says its partnership with Kraken and xStocks will integrate the introduction of fiat currencies, rich liquidity, and tokenized assets into a comprehensive system.
