Alchemy Pay, a leading provider of fiat-to-cryptocurrency payment solutions, has significantly expanded its regulated operations in the United States by securing Money Transmitter Licenses (MTLs) in four additional states. The company announced it has received licenses in Kansas, West Virginia, South Dakota, and Nebraska, bringing its total number of state licenses to 14.
The new authorizations legally permit Alchemy Pay to conduct regulated money transmission activities within these states, including the exchange and transfer of fiat currencies and digital assets. This expansion is a key part of the company's long-term strategy to achieve nationwide compliant coverage. "Alchemy Pay is now licensed as a Money Transmitter in Nebraska, bringing our U.S. total to 14 states and reinforcing our long-term commitment to compliant fiat-crypto access," the company stated on its official X (formerly Twitter) account.
The 14 states where Alchemy Pay now holds licenses are Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, South Carolina, Kansas, West Virginia, South Dakota, and Nebraska. The company reports that several other state applications remain under review, signaling continued regulatory momentum.
This strengthened regulatory foundation is intended to build greater trust with users, partners, and financial institutions. It also enables the company to advance several key product initiatives. A major focus is the development of its Real-World Asset (RWA) platform, described as the world's first fiat-to-RWA access solution, which allows users to purchase tokenized stocks using fiat currency through familiar payment methods.
Furthermore, the compliance progress supports Alchemy Pay's plans to launch its own stablecoin and to develop the Alchemy Chain, a Layer 1 blockchain framework designed to power a full-stack payment ecosystem, with a testnet launch expected soon.
This U.S. expansion is complemented by Alchemy Pay's global regulatory achievements over the past year. These include securing Digital Currency Exchange Provider (DCEP) registration in Australia, obtaining Electronic Financial Business registration in Korea, gaining recognition from Switzerland’s VQF as part of a Self-Regulatory Organisation, and expanding its position in Hong Kong through a licensed securities firm.
