Overview
- The platform is live in more than 170 countries, offering direct fiat purchases of over 60 tokenized U.S. stocks and ETFs.
- Users can pay with Visa, Mastercard, Apple Pay, Google Pay, SEPA, plus 50+ local methods, bypassing a crypto on-ramp.
- The tokens, provided via xStocks, are described as 1:1 backed by shares held with regulated custodians and designed to reflect dividends and stock splits.
- Execution and liquidity come from Backed and Kraken, with real-time prices from licensed U.S. data sources enabling near‑continuous 24/5 access.
- Alchemy Pay frames the rollout as a move toward a broader financial access platform as the RWA market grew about 260% in H1 2025 to roughly $23 billion, according to Binance Research.