- Alchemy Pay expands US operations with a new Money Transmitter License in South Dakota.
- The company now holds licenses in over ten US states for regulated crypto payments.
- Global approvals support Alchemy Pay’s tokenized asset platform and blockchain development.
The Singapore-based crypto payment gateway Alchemy Pay secured a Money Transmitter License in South Dakota, extending its regulated operations across the United States. The approval came from the South Dakota Division of Banking and strengthens the company’s compliance-led expansion.
As a result, Alchemy Pay can now operate regulated payment and exchange services within the state. The license adds to a growing list of state-level approvals. This development reinforces the firm’s strategy of building regulatory coverage before scaling services.
U.S. Licensing Strategy Gains Momentum
The South Dakota approval increases Alchemy Pay’s total Money Transmitter Licenses to more than ten states. The most recent license was issued by Kansas on December 31 by the Office of the State Bank Commissioner. Other states that are licensed are Arkansas, Iowa, Minnesota, New Hampshire, and West Virginia. Every approval is a direct contact with state regulators. In addition, the incremental rate is an indication of long-term planning instead of high-growth rate. This strategy is in line with the rigid compliance of the American financial system. Consequently, the company continues to establish a legally secure operational base.
The expanding license portfolio allows Alchemy Pay to offer regulated fiat-to-crypto exchange services. It also supports compliant payment processing for individuals and businesses. Therefore, users gain access to secure on-ramp and off-ramp solutions. Businesses also benefit from improved transaction transparency. Meanwhile, regulators maintain oversight of digital asset payment flows. This structure supports wider crypto adoption while managing operational risk. As regulatory pressure increases, licensed access becomes essential for sustainability.
Regulated Access Shapes Service Delivery
Alchemy Pay’s U.S. licenses provide legal clarity for payment and exchange operations. This clarity improves confidence among users and partners. In addition, the company can operate within defined consumer protection frameworks. These conditions reduce uncertainty linked to digital asset transactions. As a result, U.S. residents can access services with clearer compliance standards. The licenses also support partnerships with regulated institutions. This framework positions Alchemy Pay within established financial infrastructure.
The company focuses on transforming between fiat currencies and digital assets. It emphasizes reliable conversion and settlement services. Meanwhile, compliance remains central to product availability. This balance allows controlled growth without regulatory setbacks. Therefore, licensing functions as a foundation rather than an afterthought. Earlier last year, Alchemy Pay formed a partnership with Ripple to support global fiat on-ramps for the RLUSD stablecoin.
Global Approvals Strengthen Operational Reach
Alongside U.S. progress, Alchemy Pay secured approvals across key global jurisdictions during 2025. In Australia, regulators registered the company as a Digital Currency Exchange Provider. South Korea granted Electronic Financial Business registration. In Switzerland, Alchemy Pay joined a recognized self-regulatory organization under the VQF framework. Each approval places the firm under local financial oversight. Consequently, the company gains structured access to multiple markets.
In Hong Kong, Alchemy Pay expanded through a strategic investment in HTF Securities Limited. This move provided access to Securities and Futures Commission licenses. The permissions include types 1, 4, and 9. These licenses allow several regulated financial services in the region. Together, these approvals support cross-border operational consistency.
Product Development Anchored in Compliance
The global licensing framework supports Alchemy Pay’s product roadmap. The company is developing a Real-World Asset platform focused on tokenized stocks. Users will purchase these assets using fiat currencies. Standard payment methods like bank cards and mobile wallets will support access. At the same time, Alchemy Pay continues development of its Layer 1 blockchain, Alchemy Chain. The network will operate with a stablecoin-native design. This structure supports payment-focused use cases across jurisdictions. In 2024, AlchemyPay integrated with TooBit to ensure fast, easy fiat-crypto transactions via mobile wallets, credit cards, and bank transfers.
The company prioritizes legal establishment before broad product rollout. This sequence differs from firms that seek compliance after expansion. Following the South Dakota announcement, Alchemy Pay’s native token, ACH, rose more than two percent. ACH traded near $0.01085. Its market capitalization stood near $106 million, while trading volume reached about $40 million.
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