Key Highlights
- Alchemy Pay has secured a Money Transmitter License (MTL) in Delaware.
- The license brings the company’s total U.S. state approvals to 15.
- The regulatory expansion supports fiat-crypto on-ramp and off-ramp services.
Crypto payment infrastructure provider Alchemy Pay announced that it has obtained a Money Transmitter License (MTL) in the U.S. state of Delaware, expanding its regulated operations in the United States.
The license allows the company to legally conduct money transmission services within Delaware, including payment processing and fiat-to-crypto transactions, under the supervision of the Delaware Office of the State Bank Commissioner.
Money transmitter licenses are required for companies handling the transmission of funds, including checks, drafts, money orders, and other monetary instruments. Firms operating these services must obtain state approvals and comply with local financial regulations.
With the new approval, Alchemy Pay now holds money transmitter licenses in 15 U.S. states, strengthening its regulatory footprint in the country.
15 U.S. State Licenses Strengthen Fiat-Crypto Infrastructure
Following the Delaware approval, Alchemy Pay’s U.S. licenses now include Arkansas, Iowa, Minnesota and 11 other states.
The expanding regulatory coverage allows the company to scale its fiat-crypto payment infrastructure, including compliant on-ramp and off-ramp services used by exchanges, wallets, and Web3 platforms.
As regulatory scrutiny around digital asset payments increases in the U.S., obtaining state-level approvals has become critical for crypto payment providers seeking to operate legally across jurisdictions.
Foundation for Stablecoin and Blockchain Infrastructure
Alchemy Pay said the growing regulatory base will also support its long-term product development, including plans for a stablecoin initiative and a blockchain network known as Alchemy Chain.
The company aims to leverage its compliance framework to support regulated digital payment rails connecting traditional finance and blockchain networks.
Global Regulatory Expansion Continues
Beyond the United States, Alchemy Pay has also secured regulatory approvals in several international markets. Including registration as a Digital Currency Exchange Provider (DCEP) in Australia. And Electronic Financial Business registration in South Korea.
Moreover, Participation in Hong Kong’s regulated financial market through an investment in HTF Securities Limited, a firm holding SFC Type 1, 4, and 9 licenses
These approvals form part of the company’s strategy to position itself as a regulated global fiat-crypto payment provider as governments continue to establish clearer frameworks for digital asset services.
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