Alchemy Pay Secures Mississippi Money Transmitter License, Reaching 20 US States

Alchemy Pay received a Money Transmitter License from the Mississippi Department of Banking and Consumer Finance, expanding its authorized US operational footprint to 20 states ¹. The regulatory approval covers fiat-to-crypto and crypto-to-fiat money transmission activities within Mississippi ¹. The firm confirmed that verification of the authorization is available through the NMLS Consumer Access registry ¹.

The license acquisition supports the company's efforts to scale payment services and underpin its ongoing infrastructure initiatives, including Alchemy Chain, an upcoming Layer 1 blockchain tailored for stablecoin payments and financial applications ¹. While seeking to expand compliant stablecoin payment channels globally, the company noted that any future stablecoin issuance remains subject to applicable regulatory standards ¹. Additional state licensing applications remain under review across multiple US jurisdictions ¹.

Global Regulatory Footprint

The Mississippi authorization follows a series of regulatory registrations in international financial hubs ¹. Alchemy Pay holds a Digital Currency Exchange Provider registration in Australia, an Electronic Financial Business registration in South Korea, and membership in Switzerland's Financial Services Standards Association (VQF) ¹. In Hong Kong, the payment gateway established virtual asset service capabilities through an investment in SFC-regulated HTF Securities Limited ¹.

State-level compliance continues to serve as the baseline requirement for digital asset payment processors operating within the US, reflecting broader industry moves toward regulated payment infrastructure, such as when Polygon Labs finalized its acquisition of Coinme to secure state-licensed rails ¹. At the time of writing, broader digital asset markets remained steady, with $BTC trading at $79,456 and $ETH at $2,386. Founded in 2017, Alchemy Pay operates crypto on- and off-ramps supporting transactions across 173 countries, alongside its native $ACH utility token on the Ethereum network ¹.