Alchemy Pay receives MTL license in South Carolina and expands regulatory presence in the US across ten US states. Among them are Arizona, Wyoming, Oregon, Minnesota, New Mexico, and others. And this is not the end – Alchemy Pay is preparing to launch a platform with tokenized ETFs and is expanding global regulatory coverage, from the UK to Hong Kong.
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More on How Alchemy Bridges the Gap Between Web2 and Web3
So, Alchemy Pay has received a Money Transmitter License (MTL) in South Carolina, thereby expanding its portfolio of licenses in the US to ten states. These include Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, and Arizona.
“This marks a significant addition to its growing portfolio of regulatory approvals in the United States.”
What’s important about this? First of all, this strongly correlates with the active adoption of digital assets in the US, such as key initiatives as the GENIUS Act and the recently industry-supported Stable Act. As Alchemy notes:
“This regulatory advancement comes at a time of accelerating clarity and progress in U.S. digital asset legislation.”
All this is also especially important not only in the context of digital payments, but also RWA – South Carolina looks at this as a foundation for launching an RWA platform.
“This is expected to go live in August with the first batch of 60 tokenized stocks and ETFs in collaboration with Backed and xStocks. It enables the seamless integration of innovative products that bridge traditional finance and Web3.”
Moreover, Alchemy Pay is expanding its presence in other jurisdictions.
- In the UK, the company holds an Authorised Payment Institution (API) License.
- In Australia, it is registered as a Digital Currency Exchange Provider with AUSTRAC.
- In Switzerland, it is part of the VQF – FINMA-recognized Self-Regulatory Organisation (SRO).
- It is registered as an MSB (Money Services Business) in Canada and officially operates in South Korea.
Additionally, the company “is actively pursuing compliance under Europe’s Markets in Crypto-Assets (MiCA) regulation and seeking key regulatory licenses in Hong Kong”, strengthening its global position ahead of the next stage in Web3 infrastructure development.
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Conclusion
Consistent and ongoing initiatives to ensure compliance with regulators worldwide are an obvious strategic move.
Combined with the future launch of the RWA platform and presence in key global jurisdictions, the company is forming a comprehensive regulatory architecture covering both traditional payment systems and Web3-oriented solutions.
We’ll be closely monitoring further developments – stay tuned to receive the latest updates in crypto, blockchain, and DeFi.
