Alchemy Pay has introduced a fiat-to-RWA platform enabling users in over 170 countries to invest directly in tokenized U.S. stocks and ETFs using their local currencies, significantly lowering the entry barrier for global retail investors.
The announcement, made on Sept. 16 through Alchemy Pay’s official channels, highlights its partnership with tokenization provider xStocks. The platform offers access to more than 60 tokenized stocks—including Apple, Tesla, Coinbase, and SPY—each backed 1:1 by real shares held with regulated custodians.
Bringing Wall Street on-chain with fiat access
In contrast to most RWA solutions that require crypto on-ramps, Alchemy Pay supports direct fiat purchases via Visa, Mastercard, Apple Pay, Google Pay, SEPA, and over 50 local payment methods.
Trade execution is powered by partners such as Kraken and Backed, with real-time pricing aggregated from authorized U.S. stock data providers. Investors can also buy fractional shares starting from just $1.
This launch positions Alchemy Pay as the first globally available platform to provide seamless fiat access to tokenized stocks, bridging traditional Wall Street assets with blockchain infrastructure. It also underscores the company’s broader ambition to evolve into a full-fledged digital finance hub, moving beyond its role as a fiat-to-crypto payments provider.
Riding the RWA wave
The debut comes amid surging interest in real-world asset (RWA) tokenization. According to Binance Research, the RWA market expanded by 260% in the first half of 2025, surpassing $23 billion. The recent entry of major players like Robinhood and Kraken into tokenized equities further validates the sector’s rapid momentum.
For emerging markets—where conventional brokerage services remain scarce—Alchemy Pay’s offering could prove especially impactful. By combining fractional tokenized equities with localized fiat payment rails, the platform seeks to democratize access to global financial markets and cement its role within the fast-growing RWA economy.
