KEY TAKEAWAYS
- Alchemy Pay secures its 12th U.S. Money Transmitter License in West Virginia, marking a significant expansion in its compliance framework.
- The company now operates in twelve U.S. jurisdictions, enhancing its fiat-to-crypto exchange services and supporting new business lines.
- Global compliance achievements include licenses in Australia, Korea, and Switzerland, reinforcing Alchemy Pay’s regulatory excellence.
Alchemy Pay, a leading provider of fiat-crypto payment solutions, has announced the acquisition of a Money Transmitter License in West Virginia. This approval from the West Virginia Division of Banking marks a significant milestone in the company’s ongoing expansion across the United States.
This latest license increases Alchemy Pay’s total U.S. jurisdictions to twelve, representing the fourth Money Transmitter License (MTL) the company has obtained in 2025 alone. The addition of West Virginia follows recent approvals in Kansas, South Carolina, and Arizona, highlighting a consistent momentum in building a comprehensive state-by-state compliance framework.
The company’s U.S. footprint now includes West Virginia, Kansas, Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, and South Carolina, with further applications under active review. This expanding regulatory framework is crucial to Alchemy Pay’s mission of bridging the fiat and digital asset economies.
Strategic Expansion and Future Plans
Each license secured, including West Virginia’s, enhances Alchemy Pay’s compliance and operational capabilities. This is essential for facilitating its core fiat-to-crypto exchange services and supporting innovative new business lines. Among these is Alchemy Pay’s newly launched RWA platform, which offers direct fiat-to-tokenized asset access, allowing global users to purchase tokenized assets using traditional payment methods.
The cumulative regulatory progress also provides a compliant pathway for the future launch of Alchemy Pay’s own stablecoin and the Alchemy Chain. Ailona Tsik, CMO at Alchemy Pay, stated that securing the 12th U.S. MTL with West Virginia is a testament to the focused execution of their global compliance strategy, demonstrating the company’s capacity to meet rigorous state-by-state regulatory standards.
Global Compliance Achievements
This U.S. momentum mirrors Alchemy Pay’s significant global compliance advancements in 2025. These achievements include securing 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).
Furthermore, a strategic investment in the Hong Kong-licensed firm HTF Securities Limited has expanded its capabilities in Asia’s key financial hub. These collective achievements underscore Alchemy Pay’s dedication to regulatory excellence and its position 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 in West Virginia marks a significant expansion of its U.S. regulatory framework, enhancing its ability to offer fiat-crypto payment solutions across twelve states.
A recent report by Visa highlights the rapid mainstream adoption of stablecoins as a trusted global payment infrastructure. This aligns with Alchemy Pay’s efforts to expand its fiat-to-crypto services, as stablecoins are increasingly used for cross-border payments and as a store of value in emerging markets.
According to SVB’s fintech insights, financial regulations like the GENIUS Act are imposing stricter licensing and compliance requirements on crypto payment providers, driving consolidation toward federally approved entities. This supports Alchemy Pay’s strategic focus on securing state licenses, ensuring compliance, and facilitating its expansion in the U.S. market.
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