Alchemy Pay has received regulatory clearance to operate in South Carolina, marking another milestone in the company’s expansion across the U.S. The approval of a Money Transmitter License (MTL) by the South Carolina Attorney General brings the fiat-crypto payment gateway’s total MTL coverage to ten states.
The newly acquired license allows Alchemy Pay to legally offer electronic money transmission, payment processing, remittances, and currency exchange services within South Carolina. It also enables the company to continue expanding its suite of fiat-to-crypto on-ramps and off-ramps, key tools in bridging traditional finance with blockchain systems.
???? and counting.#AlchemyPay secures its 10th Money Transmitter License in the U.S.—South Carolina joins the list. With regulatory momentum building in the U.S., even more licenses are on the way.
Steady progress toward a fully compliant, global payment network. ????… pic.twitter.com/CdwsvEyXqH
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 10, 2025
This regulatory development comes amid increased legislative clarity around digital assets in the U.S. The recent passage of the GENIUS Act and growing institutional focus on real-world assets (RWA) signal a more structured future for the fintech and crypto sectors. Alchemy Pay is positioning itself at the centre of this shift, aiming to serve as a core infrastructure provider for both crypto-native and traditional financial services.
The South Carolina license forms part of a broader regulatory strategy that includes previously secured MTLs in states such as Arizona, Oregon, Wyoming, and New Hampshire. With this growing foundation, Alchemy Pay is preparing to roll out a fiat-accessible RWA platform next month. The platform, developed in collaboration with tokenization firms Backed and xStocks, will debut with a launch batch of 60 tokenized stocks and ETFs.
Beyond payments, Alchemy Pay is also laying the groundwork for deeper vertical integration. Upcoming plans include the introduction of a native stablecoin and the launch of Alchemy Chain—a layer-1 blockchain optimized for global payments, leveraging stablecoin rails.
Internationally, Alchemy Pay continues to make regulatory inroads. It holds an Authorised Payment Institution (API) license in the United Kingdom, is registered with AUSTRAC in Australia, and is a member of Switzerland’s VQF, a FINMA-recognized self-regulatory organization. The company also maintains an MSB registration in Canada and is authorized to operate in South Korea’s digital finance market.
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