HONG KONG, July 11, 2025 — Alchemy Pay, a leading global fiat-crypto payment gateway, announced today that it has received a Money Transmitter License (MTL) in South Carolina. This license is a significant addition to the company’s growing number of regulatory approvals in the United States.

With the addition of South Carolina, Alchemy Pay now possesses MTLs in ten U.S. states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, and Arizona. This achievement underscores Alchemy Pay’s ongoing dedication to regulatory compliance and its strategic growth within the U.S. financial market.

The Money Transmitter License, granted by the South Carolina Attorney General under the South Carolina Anti-Money Laundering Act, allows Alchemy Pay to engage in a broad spectrum of regulated financial activities. These activities include electronic money transmission, the issuance and sale of stored value instruments, payment and remittance processing, foreign currency exchange, and other licensed money services. The license allows Alchemy Pay to legally provide its range of fiat-crypto on-ramps and off-ramps within South Carolina’s jurisdiction.

This regulatory advancement occurs amidst increasing clarity and progress in U.S. digital asset legislation. The recent passage of the GENIUS Act by the U.S. Senate, along with growing institutional interest in real-world assets (RWA), signifies a crucial moment for the blockchain and fintech industries. In this environment, Alchemy Pay’s newly acquired license positions it favorably to continue serving as an on and off-ramp infrastructure provider and a key facilitator of the developing RWA ecosystem.

The South Carolina license is another step in Alchemy Pay’s larger regulatory strategy, paving the way for future initiatives such as its fiat-accessible RWA platform. This platform is expected to launch in August with an initial offering of 60 tokenized stocks and ETFs in partnership with Backed and xStocks. As Alchemy Pay expands its global compliance, these fundamental licenses will enable the smooth integration of innovative products that connect traditional finance and Web3, ultimately improving access to tokenized assets through familiar fiat payment methods.

Furthermore, as Alchemy Pay seeks to broaden its payment service offerings, its expanding regulatory coverage worldwide will support the company’s long-term objectives. These include the development of its own stablecoin and the launch of Alchemy Chain, a stablecoin-based layer-1 blockchain designed to support global payment applications.

Beyond its U.S. presence, Alchemy Pay is also making substantial progress in key global regions. The company holds an Authorised Payment Institution (API) License in the United Kingdom, is registered as a Digital Currency Exchange Provider under AUSTRAC in Australia, and is a member of Switzerland’s VQF, a FINMA-recognized Self-Regulatory Organisation (SRO). It also has an MSB (Money Services Business) registration in Canada and is formally registered for electronic financial services in South Korea.

In addition, Alchemy Pay is actively pursuing compliance with Europe’s Markets in Crypto-Assets (MiCA) regulation and seeking key regulatory licenses in Hong Kong, further strengthening its global regulatory position as it anticipates the next phase of Web3 financial infrastructure.

About Alchemy Pay

Founded in 2017, Alchemy Pay is a payment gateway connecting crypto and traditional fiat currencies for businesses, developers, and users. With services like On & Off-Ramp, Web3 Digital Bank, NFT Checkout, and its new RWA platform, Alchemy Pay supports fiat payments in 173 countries.

The Ramp offers a one-stop solution for buying and selling crypto and fiat, easily integrated by platforms and dApps. The RWA platform enables global users to invest in tokenized real-world assets using local fiat currencies. Our Web3 Digital Bank supports Web3 enterprises with multi-fiat accounts and instant fiat-crypto conversion. The NFT Checkout enables direct NFT purchases using fiat. ACH is the Alchemy Pay network token on Ethereum.

 

SOURCE Alchemy Pay

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