Alchemy Pay, which describes itself as the world-leading fiat-crypto payment solution provider, announced today that it has secured a Money Transmitter License (MTL) from the West Virginia Division of Banking. The approval marks a fresh milestone in the company’s rapid push to build a state-by-state compliance footprint across the United States.
The West Virginia license is the twelfth U.S. jurisdiction in which Alchemy Pay is now authorized to operate, and it represents the company’s fourth Money Transmitter License obtained so far in 2025. The move follows recent approvals in Kansas, South Carolina and Arizona, underscoring an accelerated and deliberate regulatory strategy. Alchemy Pay’s growing U.S. presence now includes West Virginia, Kansas, Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona and South Carolina, with additional applications under active review.
For Alchemy Pay, widening its regulatory coverage is a practical step toward scaling its core fiat-to-crypto services and unlocking new product lines. The company points to its newly launched real-world assets (RWA) platform as a prime example: the platform is positioned to be the first to offer direct fiat-to-RWA access, enabling users around the globe to buy tokenized assets using traditional payment methods. That capability, the company says, depends on a robust compliance foundation in multiple jurisdictions.
“Securing our 12th U.S. MTL with the addition of West Virginia is a testament to the focused execution of our global compliance strategy,” said Ailona Tsik, CMO at Alchemy Pay. “This accelerated progress demonstrates our capacity to meet rigorous state-by-state regulatory standards, building a scalable and trusted infrastructure. This is essential for the future of finance, from our core payment services to the tokenization of real-world assets, and it assures our partners and users that we are committed to long-term, sustainable growth.”
Alchemy Pay Strengthens Compliance
The company’s U.S. momentum sits alongside broader compliance gains internationally in 2025. Alchemy Pay highlights recent approvals and investments that expand its regulatory and operational capabilities, including a Digital Currency Exchange Providers (DCEP) license in Australia, an Electronic Financial Business registration in Korea, admission to Switzerland’s Association for Quality Assurance of Financial Services (VQF) as a recognised Self-Regulatory Organisation (SRO), and a strategic investment in Hong Kong-licensed HTF Securities Limited. Taken together, the company says, these steps reinforce its position as a regulated payments infrastructure provider across multiple markets.
Founded in 2017, Alchemy Pay operates a payments gateway that connects cryptocurrencies with traditional fiat currencies for businesses, developers and end users. Its product suite includes On & Off-Ramp services, the Ramp one-stop solution for buying and selling crypto and fiat, a Web3 Digital Bank that offers multi-fiat accounts and instant fiat-crypto conversion, an NFT Checkout for direct fiat purchases of NFTs, and the newly launched RWA platform for tokenized asset purchases.
Alchemy Pay says the cumulative regulatory progress not only facilitates existing payment services but also paves a compliant pathway for future initiatives, including the potential launch of its own stablecoin and the Alchemy Chain. As the company continues to file for licenses and approvals, the latest West Virginia authorization adds another piece to a strategy that aims to marry traditional payment rails with emerging digital asset markets in a regulated manner.
Industry watchers say such a state-by-state approach remains a practical, if resource-intensive, route for crypto payments firms that want to serve U.S. customers while satisfying diverse state regulatory requirements. For Alchemy Pay, the new license is both a business enabler and a public signal: the company is moving quickly to lock in the legal groundwork necessary to support wider adoption of fiat-to-crypto and fiat-to-RWA services across multiple markets.
