Alchemy Pay, the world-leading fiat-crypto payment solution provider, is proud to announce it has been granted a Money Transmitter License (MTL) by the South Dakota Division of Banking. This achievement marks Alchemy Pay’s ongoing commitment to regulatory compliance and its strategic expansion within the United States, ensuring that Alchemy Pay can offer a secure, regulated bridge for residents and businesses seeking to transition between traditional fiat and digital economies.
South Dakota represents the fifth U.S. state license secured by the company since early 2025, bringing its disclosed domestic portfolio to 13 states. Alchemy Pay now holds active MTLs in Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, South Carolina, Kansas, West Virginia, and now South Dakota, with additional regulatory progress underway.
This latest license and expanded regulatory coverage further strengthens Alchemy Pay’s ability to support compliant fiat-crypto exchange services. These regulatory efforts will facilitate Alchemy Pay’s RWA platform, which aims to provide the world’s first fiat-to-RWA access, enabling everyday users to purchase tokenized stocks using fiat currencies and familiar payment methods. In parallel, Alchemy Pay’s regulatory progress supports the expansion of its payment services, the planned launch of its own stablecoin, and the development of Alchemy Chain, a stablecoin-based Layer 1 blockchain currently under active development.
Beyond its rapid expansion in the United States, Alchemy Pay has achieved significant compliance milestones across major global markets over the past year. In 2025, the company secured:
- Australia: Digital Currency Exchange Provider (DCEP) registration.
- South Korea: Electronic Financial Business registration.
- Switzerland: Admission to the Association for Quality Assurance of Financial Services (VQF) as a recognized Self-Regulatory Organisation (SRO).
- Hong Kong: Shared SFC 1, 4, and 9 licenses through a strategic investment in the HK-licensed firm HTF Securities Limited.
Collectively, these achievements underscore Alchemy Pay’s ongoing progress in regulatory compliance and reaffirm its position as a trusted global payment leader committed to building secure and compliant financial infrastructure.
About Alchemy Pay
Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.
The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.
