Alchemy Pay partners with Backed to launch first direct fiat access to tokenized stocks and ETFs
Crypto NewsThursday, June 12, 2025 at 11:31:55 AM
Alchemy Pay is teaming up with Backed to make it easier for people outside the U.S. to invest in big-name stocks and ETFs—without needing crypto. Through their new partnership, users in over 170 countries can buy tokenized versions of assets like Apple or S&P 500 ETFs using their local currency, skipping the usual hurdles of cross-border investing.
Editor’s Note: This is a big deal because it opens up global markets to everyday investors who’ve been locked out due to currency restrictions or complicated processes. Instead of jumping through hoops to trade U.S. stocks, they can now invest directly with their own money—no dollar conversions or crypto middleman required. It’s another step toward blurring the lines between traditional finance and crypto, especially for regions with limited access.
— Curated via WP Now’s
