- Alchemy Pay partners with Kraken to launch an upgraded RWA investment platform.
- This partnership intends to unlock more than 60 xStocks for users.
- It also aims to provide users with easier access to RWA investments.
Alchemy Pay and Kraken are set to revolutionize the future of RWA and finance with their latest collaboration. In a bold move to democratize access to global markets, Alchemy Pay has joined hands with Kraken to unlock a vast array of tokenized stocks, harnessing the capabilities of blockchain technology.
This strategic collaboration enables Alchemy Pay’s RWA investment platform to tap into Kraken’s deep liquidity, providing users with easy access to tokenized products. By leveraging Backed’s regulated tokenized assets and Kraken’s institutional-grade liquidity, Alchemy Pay is poised to break down legacy barriers and empower users worldwide to invest in tokenized assets 24/7.
Significantly, Alchemy Pay’s Kraken partnership is a groundbreaking move as it has far-reaching implications for the future of finance. It is expected to redefine the way the community interacts with real-world assets.
Alchemy Pay and Kraken to Bring a New Dawn for RWAs
In an X post shared earlier today, Alchemy Pay, the crypto payment gateway, announced its strategic collaboration with Kraken to launch an upgraded RWA investment platform. By integrating Kraken’s Pro API, the payments giant provides its users with access to deep and stable liquidity for over 60 tokenized assets via Backed’s xStocks.
Notably, this integration enhances Alchemy Pay’s RWA platform, meeting strong user demand for tokenized assets like NVIDIA and Apple. With Kraken’s API, users enjoy seamless trading with minimal price slippage across 60+ xStocks.
“This integration with Kraken Pro is a pivotal moment, moving the vision of the xStocks Alliance into a fully scalable reality,” stated Ailona Tsik, CMO at Alchemy Pay. Tsik added,
“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.”
Breaking Down Barriers to Global RWA Investing
Interestingly, the partnership between Alchemy Pay, Backed, and Kraken- a “three-way collaboration”- is a powerful example of innovation in action, bringing together the best of traditional finance and blockchain technology to create a seamless gateway to tokenized assets. By combining their expertise and resources, the companies are democratizing access to global markets, empowering users worldwide to invest in the assets they want, when they are in need.
It also shatters the barriers that once limited access to traditional finance, democratizing global capital markets and empowering users across the globe to invest in tokenized assets with ease.
Unveiling Alchemy’s Collaboration with Backed and xStocks
Earlier this year, Alchemy Pay announced its alliance with Backed Finance, a real-world asset tokenization platform. With this move, Alchemy joined the xStocks Alliance, a network of industry leaders driving the adoption of RAWs onchain. The partnership enables the payments platform to nitrated Backed’s xStocks, offering users access to tokenized equities across 170+ countries and 50+ fiat currencies.
It is noteworthy that xStocks offers non-US users direct, fractional ownership of leading global stocks and ETFs, fully backed 1:1 by underlying equity. Following the latest development within the Alchemy Pay ecosystem, Backed co-founder Adam Levi noted,
“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. More than open access, users want to trade tokenized equities without compromising on liquidity, and that’s what we’re delivering.”
In conclusion, the strategic partnership between Alchemy Pay, Backed, and Kraken is set to redefine the way the world approaches RWA tokenization
