KEY TAKEAWAYS
- Alchemy Pay secures a Money Transmitter License in Kansas, marking its eleventh U.S. state license, enhancing its regulatory compliance.
- The Kansas license allows Alchemy Pay to offer money transmission services, supporting its mission to bridge fiat and crypto economies.
- Alchemy Pay’s regulatory expansion includes global achievements, such as licenses in Australia, Korea, and Switzerland, solidifying its fintech leadership.
Alchemy Pay, a leading provider of fiat-crypto payment solutions, has announced the acquisition of a Money Transmitter License (MTL) in Kansas. This approval from the Kansas Office of the State Bank Commissioner (OSBC) marks a significant regulatory milestone for the company, underscoring its commitment to compliance within the United States.
With the addition of Kansas, Alchemy Pay now holds Money Transmitter Licenses in eleven U.S. states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, and South Carolina. This is the third MTL secured by Alchemy Pay in the U.S. in 2025, reflecting the company’s accelerated regulatory expansion as it continues to pursue licenses in other jurisdictions.
Strengthening Compliance and Market Presence
The Kansas MTL, regulated by the OSBC, formally authorizes Alchemy Pay to conduct money transmission services for individuals and businesses within the state. This supports the company’s mission to provide seamless fiat-crypto conversion services across the United States.
This license comes at a pivotal time for digital asset regulation in the U.S., amidst an evolving legislative landscape and the rise of Real World Asset (RWA) tokenization. Securing the Kansas MTL is crucial for Alchemy Pay’s mission of bridging the gap between fiat and cryptocurrency economies, facilitating compliant fiat-to-crypto exchange services.
Alchemy Pay’s enhanced regulatory posture will empower new business ventures, including its newly launched RWA platform. This platform is poised to offer direct fiat-to-RWA access, enabling users to purchase tokenized stocks using traditional fiat payment methods. This progress supports the expansion of Alchemy Pay’s comprehensive payment services and market presence, while laying a compliant foundation for its upcoming proprietary stablecoin and the stablecoin-based Alchemy Chain.
Global Regulatory Achievements
Beyond its expanding regulatory presence in the United States, Alchemy Pay has achieved significant compliance milestones globally in 2025. These include acquiring a Digital Currency Exchange Providers (DCEP) license in Australia, an Electronic Financial Business registration in Korea, and admission to Switzerland’s Association for Quality Assurance of Financial Services (VQF) as a recognized Self-Regulatory Organisation (SRO).
Additionally, through a strategic investment in the Hong Kong-licensed firm HTF Securities Limited, Alchemy Pay has expanded its compliant capabilities in Asia’s key financial hub. These achievements demonstrate Alchemy Pay’s ongoing dedication to regulatory excellence and solidify its role as a trusted leader in the global financial technology sector.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay’s acquisition of a Money Transmitter License (MTL) in Kansas marks a significant step in expanding its regulatory footprint in the United States, now covering eleven states. This move underscores the company’s commitment to compliance and enhances its ability to offer fiat-crypto conversion services.
Recent industry reports indicate a major trend towards real-time payment systems that integrate fiat and crypto networks, reducing costs and enhancing transaction speeds. This aligns with Alchemy Pay’s strategy to facilitate seamless fiat-crypto exchanges, as evidenced by their growing regulatory approvals.
Expert insights from the Conference of State Bank Supervisors (CSBS) highlight that the Money Transmission Modernization Act (MTMA) is streamlining compliance for fintechs by establishing nationwide standards. This supports Alchemy Pay’s efforts to navigate the complex regulatory landscape efficiently, as they expand their MTL acquisitions across the U.S.
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