Alchemy Pay adds another feather to that cap. The fiat and cryptocurrency payments company announced it has been granted a money transfer license by the Kansas Office of the Commissioner of Banks. This approval allows the company to legally provide money transfer services to people and businesses in Kansas, and is a practical step in demonstrating how seriously the company takes U.S. regulatory requirements.
With Kansas joining the list, Alchemy Pay now has licenses in 11 states, including Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona and South Carolina. This is the third state license the company has received in 2025, and is part of its rapid expansion of regulatory coverage while obtaining licenses in other jurisdictions.
This happens at meaningful moments. US regulations regarding digital assets are still changing, and interest in tokenizing real-world assets is rapidly growing. For Alchemy Pay, a Kansas license is more than just paperwork. This directly supports the company’s core business of converting fiat currencies to cryptocurrencies in a compliant manner and helps open the door to a wider range of services.
These services include the recently launched RWA platform, which aims to allow people to buy tokenized stocks directly with fiat currency, which would be a pretty big change if it becomes popular. The license also lays the foundation for Alchemy Pay’s proprietary stablecoin and stablecoin-backed Alchemy Chain’s plans, as well as the broader deployment of its payment services.
“Securing the Kansas Money Transfer Operator License reinforces Alchemy Pay’s deep commitment to compliance and transparency in every market we serve,” said Airona Chiku, CMO of 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.”
clear strategy
Kansas’ approval follows a series of compliance wins around the world this year. Alchemy Pay refers to its Digital Currency Exchange Provider (DCEP) license in Australia, e-finance business registration in South Korea, and certification as a self-regulatory body by the Swiss Financial Services Quality Assurance Foundation (VQF). Our strategic investment in Hong Kong licensed HTF Securities Limited will also expand our regulatory reach in the Asian financial centre.
Founded in 2017, Alchemy Pay markets itself as a bridge between traditional money and cryptocurrencies for businesses, developers, and everyday users. Its product lineup includes on-ramp and off-ramp services, a Web3 digital bank with multi-fiat accounts and instant fiat-to-crypto conversion, NFT Checkout that lets you buy NFTs with regular payment methods, and a new RWA platform for tokenized assets. The company’s network token ACH runs on Ethereum, and Alchemy Pay claims to support fiat payments in 173 countries.
Kansas licensing provides a clear strategy. It is about continuing to build regulatory credibility while rolling out new ways for people to access crypto and tokenized assets using fiat currencies. This is a pragmatic approach. Get a license and use that license to try new things. Whether regulators and major financial institutions will move at the same pace is still an open question, but Alchemy Pay’s recent approval shows the company intends to play by the rules.
