Alchemy Pay is set to launch 55 US tokenized ETFs and stocks through a partnership with Backed, as announced on June 12. This initiative aims to improve access to real-world assets (RWA) on networks such as Solana. The platform's goal is to facilitate direct fiat-to-RWA transactions, especially in regions where investment products are not readily available. Alchemy Pay's chief marketing officer, Ailona Tsik, emphasized the collaboration's purpose in bridging access for users outside the US, where traditional access to stocks and ETFs may be limited. The upcoming platform is expected to go live in August, with a focus on countries not restricted from xStocks, excluding areas like Iran, North Korea, Syria, and the US. The platform plans to accommodate 173 countries, 50 fiat currencies, and various payment options. Overall, the partnership seeks to democratize access to global financial markets for underserved users.

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