Alchemy Pay Obtains Delaware MTL, Reaches 15 U.S. State Licenses for Fiat-Crypto Payments

TLDR:

• Alchemy Pay now holds Money Transmitter Licenses in 15 U.S. states after securing Delaware approval.
• The Delaware MTL authorizes Alchemy Pay to offer regulated money transmission services in the state.
• Alchemy Pay plans to launch a stablecoin and develop Alchemy Chain, backed by its growing MTL network.
• Beyond the U.S., Alchemy Pay holds regulatory approvals in Australia, South Korea, Switzerland, and Hong Kong. 

Alchemy Pay has received a Money Transmitter License in Delaware, marking another regulatory step in the United States.

The fiat-crypto payment company now holds such licenses in 15 states nationwide. Delaware law requires entities transmitting money to be licensed under the state bank commissioner’s office.

This approval supports Alchemy Pay’s broader goal of building a compliant payment infrastructure across the country, including future plans for a stablecoin and a dedicated blockchain network.

Expanding Regulated Operations Across U.S. States

Under Delaware law, transmitting money through checks, drafts, or monetary instruments is a regulated activity. Businesses must operate under the Delaware Office of the State Bank Commissioner.

Alchemy Pay has fulfilled these requirements and now holds a valid license. It can therefore offer fully compliant money transmission services within the state.

The Delaware approval brings the company’s total U.S. MTL count to fifteen states. The list includes Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, and Wyoming. Arizona, South Carolina, Kansas, West Virginia, South Dakota, and Nebraska also hold Alchemy Pay MTLs. More state applications remain active and are currently under regulatory review.

Alchemy Pay announced this milestone on social media, confirming the company’s progress:

“With this approval, #AlchemyPay now holds MTLs in 15 U.S. states, further strengthening its compliant fiat-crypto payment infrastructure and laying the groundwork for future stablecoin initiatives.”

This wider regulatory coverage helps the company reach more users across the country. It also supports access to compliant fiat-crypto on-ramps and off-ramps at a larger scale. The continued expansion reflects a deliberate, compliance-first growth strategy.

These licenses also lay the groundwork for Alchemy Pay’s future financial products. The company plans to launch a proprietary stablecoin, which requires strong regulatory backing.

It is also developing Alchemy Chain, a blockchain infrastructure built around stablecoin use. Both initiatives depend on the compliance foundation that these MTLs are building.

Regulatory Progress Extends Across Global Markets

Alchemy Pay has also made meaningful regulatory progress in markets outside the U.S. The company registered as a Digital Currency Exchange Provider in Australia.

In South Korea, it completed an Electronic Financial Business registration. Both approvals strengthen its position in key Asia-Pacific financial markets.

In Switzerland, Alchemy Pay joined the VQF, a recognized Self-Regulatory Organisation. This admission places the company within a well-established Swiss financial oversight framework.

The VQF is an official SRO recognized by Swiss regulators. Membership confirms that the company meets quality assurance standards in Swiss financial services.

The company also gained regulated exposure to Hong Kong’s financial market. It did so through an investment in HTF Securities Limited.

HTF holds Hong Kong SFC Type 1, 4, and 9 licenses. This indirect participation adds another regulated market to Alchemy Pay’s global reach.

Taken together, these approvals show a pattern of consistent regulatory engagement worldwide. Alchemy Pay has pursued compliance across different legal systems and financial frameworks.

Each approval reinforces the company’s credibility with regulators, users, and institutional partners. The strategy positions the company to support the next generation of global digital payments.