TLDR:Alchemy Pay now holds MTL licenses in 10 U.S. states, including South Carolina.The new license enables full fiat-crypto services under state compliance rules.A fiat-accessible tokenized asset platform will launch with 60 RWAs in August.The global licensing strategy includes the U.K., Switzerland, Australia, and pending MiCA filings.Alchemy Pay has added South Carolina to its growing list of U.S. state licenses, strengthening its legal presence in the country. The approval of a Money Transmitter License (MTL) in South Carolina reflects its continued push into regulated fiat-crypto services across key jurisdictions. The payment firm now holds licenses in ten states, forming a crucial part of its U.S. regulatory footprint. This latest license arrives as the U.S. accelerates efforts to formalize digital asset oversight. It positions Alchemy Pay for deeper integration into the evolving Web3 and traditional finance space.Alchemy Pay License Enables Broader Services in South CarolinaThe South Carolina MTL grants Alchemy Pay permission to operate a wide range of financial services in the state. These include money transmission, foreign currency exchange, stored value services, and payment processing. The license also enables the company to deliver its fiat-crypto on-ramps and off-ramps to users under full regulatory compliance.This approval aligns with ongoing developments under the South Carolina Anti-Money Laundering Act. The license was issued under the authority of the state’s Attorney General. It paves the way for legal operation of digital payment infrastructure within South Carolina’s financial system.With licenses already secured in states such as Oregon, Iowa, and Arizona, Alchemy Pay is steadily building its U.S. legal network. The latest milestone supports its broader plan to serve institutional and retail users with regulatory clarity.The announcement comes shortly after the U.S. Senate passed the GENIUS Act, a measure designed to boost digital asset oversight. Industry participants view this as a favorable shift for compliance-focused firms like Alchemy Pay. The company plans to build on this regulatory base with new product offerings tied to real-world assets.Upcoming Launch of Tokenized AssetsAs part of its next phase, Alchemy Pay plans to roll out a fiat-accessible real-world asset (RWA) platform in August. This launch will feature 60 tokenized stocks and ETFs in collaboration with firms such as Backed and xStocks. These offerings aim to bridge traditional equity instruments with crypto-native infrastructure.The regulatory groundwork is expected to support this rollout by offering legal assurance to users. With payment rails in place, the new RWA platform could provide fiat entry points into tokenized finance.Beyond the United States, Alchemy Pay holds licenses in several key markets. It is registered with AUSTRAC in Australia, VQF in Switzerland, and as a Money Services Business in Canada. It also maintains authorization in the United Kingdom and has filed for compliance under Europe’s MiCA framework.The company is also pursuing regulatory pathways in Hong Kong and South Korea. These steps are designed to prepare its infrastructure for broader global use. The post Alchemy Pay Expands U.S. Regulatory Reach with South Carolina MTL Approval appeared first on Blockonomi.