according to the website - By DeFi Planet
Alchemy Pay has received regulatory approval to operate in South Carolina, marking another step in the company's expansion across the United States. The issuance of the Money Transfer License (MTL) by the South Carolina Attorney General expands the MTL coverage of this fiat-crypto payment gateway to ten states.
The recently obtained license allows Alchemy Pay to legally offer electronic money transfer services, payment processing, remittances, and currency exchange in South Carolina. It also enables the company to continue expanding its capabilities for converting fiat money into cryptocurrency, which are key tools for bridging traditional finance with blockchain systems.
This change in the regulatory framework occurs against the backdrop of increased transparency in legislation regarding digital assets in the USA. The recent passage of the GENIUS Act and growing institutional interest in real-world assets (RWA) indicate a more structured future for the fintech and crypto sectors. Alchemy Pay positions itself at the center of these changes, aiming to become a key infrastructure provider for both crypto-native and traditional financial services.
The South Carolina license is part of a broader regulatory strategy that includes previously obtained MTLs in states such as Arizona, Oregon, Wyoming, and New Hampshire. Building on this growing base, Alchemy Pay is preparing to launch its RWA platform with access to fiat currency next month. The platform, developed in collaboration with tokenization companies Backed and xStocks, will debut with the launch of a batch of 60 tokenized stocks and ETFs.
In addition to payments, Alchemy Pay is also laying the groundwork for deeper vertical integration. Upcoming plans include the implementation of its own stablecoin and the launch of Alchemy Chain—a layer 1 blockchain optimized for global payments and utilizing stablecoin capabilities.
On an international level, Alchemy Pay continues to achieve success in the regulatory realm. The company holds an Authorized Payment Institution (API) license in the UK, is registered with AUSTRAC in Australia, and is a member of the Swiss VQF, a self-regulatory organization recognized by FINMA. The company also has MSB registration in Canada and is authorized to operate in the digital finance market of South Korea.
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