HONG KONG, July 11, 2025 /PRNewswire/ — Alchemy Pay, the world-leading fiat-crypto cost gateway, right now introduced that it has been granted a Cash Transmitter License (MTL) within the state of South Carolina, marking a big addition to its rising portfolio of regulatory approvals in america.
With the inclusion of South Carolina, Alchemy Pay now holds MTLs in ten U.S. states, together with Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, and Arizona. This milestone displays Alchemy Pay’s sustained dedication to regulatory compliance and its strategic enlargement throughout the U.S. monetary panorama.
The Cash Transmitter License, issued below the authority of the South Carolina Legal professional Normal in accordance with the South Carolina Anti-Cash Laundering Act, authorizes Alchemy Pay to conduct a variety of regulated monetary actions. These embody digital cash transmission, issuing and promoting saved worth devices, processing funds and remittances, overseas forex change, and different licensed cash providers. The license permits Alchemy Pay to lawfully supply its suite of fiat-crypto on-ramps and off-ramps inside South Carolina’s jurisdiction.
This regulatory development comes at a time of accelerating readability and progress in U.S. digital asset laws. The latest passage of the GENIUS Act by the U.S. Senate, alongside elevated institutional curiosity in real-world property (RWA), marks a pivotal second for the blockchain and fintech sectors. On this context, Alchemy Pay’s newly secured license is well-positioned to help its continued position as an on and off-ramp infrastructure supplier and a key enabler of the rising RWA ecosystem.
The South Carolina license represents one other step in Alchemy Pay’s broader regulatory technique, laying the groundwork for future initiatives reminiscent of its fiat-accessible RWA platform, which is predicted to go stay in August with the primary batch of 60 tokenized shares and ETFs in collaboration with Backed and xStocks. As Alchemy Pay continues to broaden its world compliance footprint, these foundational licenses will help the seamless integration of progressive merchandise that bridge conventional finance and Web3, in the end enhancing accessibility to tokenized property by way of acquainted fiat cost strategies.
Moreover, as Alchemy Pay strikes to broaden its cost service choices, the rising regulatory protection throughout the globe will help the corporate’s long-term targets, together with the event of its native stablecoin and the launch of Alchemy Chain, a stablecoin-based layer-1 blockchain designed to energy world cost purposes.
Past its footprint within the U.S., Alchemy Pay continues to make notable progress in key jurisdictions worldwide. The corporate holds an Authorised Cost Establishment (API) License within the United Kingdom, is registered as a Digital Forex Alternate Supplier below AUSTRAC in Australia, and has obtained membership in Switzerland’s VQF, a FINMA-recognized Self-Regulatory Organisation (SRO). It additionally holds an MSB (Cash Companies Enterprise) registration in Canada and maintains formal registration for digital monetary providers in South Korea.
As well as, Alchemy Pay is actively pursuing compliance below Europe’s Markets in Crypto-Belongings (MiCA) regulation and in search of key regulatory licenses in Hong Kong, additional solidifying its world regulatory posture in anticipation of the following wave of Web3 monetary infrastructure.
About Alchemy Pay
Based in 2017, Alchemy Pay is a cost gateway that seamlessly connects crypto with conventional fiat currencies for companies, builders, and finish customers. With its choices together with On & Off-Ramp, Web3 Digital Financial institution, NFT Checkout and its newly launched RWA platform, Alchemy Pay helps fiat funds in 173 nations.
The Ramp is a one-stop resolution to purchase and promote crypto and fiat, simply built-in by platforms and dApps in keeping with necessities. The RWA platform permits world customers to put money into tokenized real-world property utilizing native fiat currencies, reducing entry obstacles and democratizing entry to conventional monetary devices. Our Web3 Digital Financial institution helps Web3 enterprises by offering multi-fiat accounts and on the spot fiat-crypto conversion capabilities. Moreover, the NFT Checkout permits direct purchases of NFTs utilizing fiat cost strategies. ACH is the Alchemy Pay community token on the Ethereum blockchain.
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SOURCE Alchemy Pay
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