Alchemy Pay has added another feather to its cap. The fiat-crypto payments company announced it has been granted a Money Transmitter License by the Kansas Office of the State Bank Commissioner. The approval lets the company legally offer money transmission services to people and businesses in Kansas, a practical step that also signals how seriously the firm is taking U.S. regulatory requirements.

With Kansas on the list, Alchemy Pay now holds licenses in eleven states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona and South Carolina. It’s the third state license the company has picked up in 2025, part of a faster push to expand its regulated footprint while it goes after approvals in other jurisdictions.

This comes at a meaningful moment. U.S. rules around digital assets are still shifting, and interest in tokenizing real-world assets is rising fast. For Alchemy Pay, the Kansas license isn’t just paperwork; it directly supports the company’s core business of converting fiat to crypto in a compliant way and helps open the door for broader offerings.

Those offerings include a recently launched RWA platform that aims to let people buy tokenized stocks directly with fiat, a pretty big shift if it catches on. The license also lays the groundwork for Alchemy Pay’s plans for a proprietary stablecoin and a stablecoin-backed Alchemy Chain, as well as the wider rollout of its payment services.

“Securing our Kansas Money Transmitter License reinforces Alchemy Pay’s deep commitment to compliance and transparency in every market we serve,” said Ailona Tsik, CMO at Alchemy Pay. “As the U.S. regulatory environment continues to evolve, this achievement not only strengthens our operational foundation but also enables us to innovate responsibly—from RWA access to stablecoin infrastructure—while maintaining full regulatory alignment.”

The Kansas approval follows a string of compliance wins worldwide this year. Alchemy Pay points to a Digital Currency Exchange Providers (DCEP) license in Australia, an Electronic Financial Business registration in Korea, and recognition by Switzerland’s Association for Quality Assurance of Financial Services (VQF) as a Self-Regulatory Organisation. A strategic investment in Hong Kong-licensed HTF Securities Limited also expands its regulated reach in Asia’s financial center.

Founded in 2017, Alchemy Pay markets itself as a bridge between traditional money and crypto for businesses, developers and everyday users. Its product lineup includes on- and off-ramp services, a Web3 Digital Bank with multi-fiat accounts and instant fiat-crypto conversion, an NFT Checkout that allows buying NFTs with ordinary payment methods, and the new RWA platform for tokenized assets. The company’s network token, ACH, runs on Ethereum, and Alchemy Pay says it supports fiat payments in 173 countries.

The Kansas license shows a clear strategy: keep building regulatory credibility while rolling out new ways for people to use fiat to access crypto and tokenized assets. It’s a practical approach: get licensed, then use those licenses to try new things. Whether regulators and big financial institutions move at the same pace remains an open question, but Alchemy Pay’s recent approvals show it intends to play by the rules as it pushes forward.

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