Alchemy Pay’s latest state approval sets the stage for a bigger US push into tokenized stocks and broader payment rails.
Regulators usually crawl slower than a bank wire, yet Alchemy Pay (ACH) just notched its tenth US Money Transmitter license. South Carolina joins a roster stretching from Arizona to Wyoming, handing the gateway legal clearance for fiat-crypto ramps across roughly one-fifth of the United States.
Compliance may be dull, but every license equals new revenue turf and deeper expansion potential. Timing could not be sweeter.
Congress passed the GENIUS Act, nudging digital-asset rules toward clarity at last. Institutions meanwhile chant “real-world assets, please.” Alchemy wants to surf that wave with an August launch of an RWA shelf featuring sixty tokenized stocks and ETFs.
Swipe a Visa (V), snag tokenized Apple (AAPL), skip brokerage friction. South Carolina’s rubber stamp arrives just in time for retail inflows primed by that release.
This is not a regional hobby. Globally, Alchemy boasts an API license in the UK, MSB registration in Canada, AUSTRAC nod in Australia, VQF membership in Switzerland, and Korean e-finance approval. MiCA filings are pending.
A native stablecoin and a layer-1 chain are on the horizon, both pitched as rails for global payments. If that chain launches preloaded with a multistate license matrix, merchant onboarding could feel like flipping a switch.
The strategy hinges on relentless expansion. Ten states today could become twenty by year-end. More coverage means lower card-to-crypto friction and faster exits during market chaos. It also positions Alchemy as infrastructure for any RWA project that needs instant fiat rails.
Think tokenized treasuries, revenue-sharing stocks, or even on-chain ETFs—each requires a compliant offramp.
Why traders care: every approval widens the fiat funnel and deepens liquidity for alt pairs. The August RWA launch could lure yield chasers who missed the spot-ETF boom. Watch how quickly additional states wave through applications; a rapid-fire streak would confirm expansion momentum.
Until then, the compliance grind continues, and Alchemy keeps stacking stamps.
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