Alchemy Pay, a globally accessible cryptocurrency payment gateway, has made significant updates when it comes to effectively bridging traditional finance with blockchain technology through recent product updates and regulatory achievements. In a key development, Alchemy Pay has introduced a platform that allows direct purchases of real-world assets (RWAs) using fiat currencies.
This initiative, scheduled for full rollout in August, focuses initially on tokenized versions of US equities and exchange-traded funds (ETFs).
By partnering with Backed to integrate its xStocks lineup, the platform offers access to around 60 assets at launch, including shares in major companies like Apple, Tesla, Google, and Circle, as well as popular ETFs such as SPY tracking the S&P 500.
What seemingly sets this platform apart is its elimination of the typical requirement to first convert fiat into cryptocurrency.
Users can invest directly with local currencies through Alchemy Pay’s network, which spans 173 countries, supports 50 fiat options, and includes over 300 payment methods like Visa, Mastercard, Apple Pay, Google Pay, and regional systems such as SEPA and PIX.
This approach enables fractional ownership with investments starting at just $1, round-the-clock trading outside traditional market hours, and global participation without the hurdles of international brokerage accounts.
The tokenized assets are fully backed on a 1:1 basis by actual underlying securities, held in custody, and entitle holders to economic benefits like dividends and corporate actions.
This model not only democratizes access to US markets for international investors but also positions Alchemy Pay as a leader in the competitive tokenized stocks space, where platforms like those from Kraken and Bybit are also active.
By leveraging its fiat infrastructure and user-centric design, Alchemy Pay aims to accelerate the tokenization trend, with projections suggesting 10-30% of global assets could be on-chain by the early 2030s.
Complementing this launch, Alchemy Pay has further solidified its U.S. presence by obtaining a Money Transmitter License (MTL) from Kansas regulators.
This approval, the company’s third MTL in 2025, expands its licensed operations to eleven states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, South Carolina, and now Kansas.
An MTL permits compliant money transmission activities, essential for facilitating fiat-to-crypto transactions.
This milestone enhances Alchemy Pay’s ability to offer secure services nationwide amid a dynamic regulatory environment.
It directly supports the new RWA platform by ensuring reliable fiat on-ramps and paves the way for future endeavors, such as issuing a proprietary stablecoin and developing Alchemy Chain, a dedicated blockchain for stablecoin operations.
Ailona Tsik, Alchemy Pay’s CMO, emphasized the importance of this progress:
“This license underscores our dedication to regulatory compliance, allowing us to innovate in areas like RWA investments and stablecoin solutions while staying fully aligned with standards.”
These key updates highlight Alchemy Pay’s gradual evolution over the years from a payment provider into a more comprehensive crypto-finance ecosystem, fostering adoption of tokenized real-world assets and strengthening its foothold in key markets.