Transak has announced the acquisition of five new Money Transmitter Licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, and Vermont. This expansion brings the total number of U.S. states where Transak is licensed to ten, reinforcing its position as a regulated provider within the U.S. digital asset sector.
The company's existing licensed states include Alabama, Arkansas, Delaware, Illinois, and Missouri. These new licenses are integral to Transak's ongoing efforts to facilitate lawful and compliant stablecoin payments.
Building a Bridge for Digital Assets
The acquisition of these MTLs is a critical development for Transak's operations. Each license empowers the company to conduct fiat-to-crypto transactions directly within its respective jurisdiction. This direct operational capability bypasses the need for third-party intermediaries, leading to enhanced transaction speeds, improved security, and a superior user experience for the company's network of over 450 partners.
Furthermore, these licenses are instrumental in enabling Transak to offer regulated stablecoin and cryptocurrency payment services to a significantly broader audience across the United States. This robust infrastructure is designed to support fintech companies, digital wallets, and large enterprises that require compliant 'on/off-ramp' solutions for digital asset transactions.
Bryan Keane, Transak’s Compliance Officer (Americas), emphasized the significance of these developments, stating, "Every new license we secure brings us closer to a future where users can move between fiat and digital assets seamlessly and lawfully." He further commented, "Our new licenses are a testament to our team’s relentless focus on compliance, operational excellence, and building trust with regulators worldwide."
Breakthrough Year in the U.S. Market
The year 2025 marks a period of substantial progress for Transak as it solidifies its role as an enterprise-ready payment infrastructure provider for stablecoins in the United States. The company has successfully integrated into more than 450 applications, serving an active user base of over 10 million individuals. A key achievement this year includes becoming the first on-ramp service to facilitate direct U.S. dollar deposits via wire transfers for cryptocurrency purchases.
Transak is actively preparing for the upcoming launch of its ACH payment services, which will provide U.S. users with a faster and more accessible bank transfer option. In addition to this, the company has established a strategic partnership with MetaMask to embed native, white-label stablecoin deposit capabilities. This collaboration ensures a regulated and seamless movement of value between conventional bank accounts and digital wallets.
Transak has also expanded its support for a wider range of stablecoins, now including USDC, RLUSD, and USDG. The company has introduced Virtual Account APIs and comprehensive developer tools specifically engineered to assist partners in natively integrating stablecoin payment processes into their existing platforms.
Through its continuous pursuit and acquisition of Money Transmitter Licenses (MTLs), Transak is strategically positioning itself to become a leading licensed provider of stablecoin and cryptocurrency payment services. This effort is crucial in bridging the gap between traditional finance (TradFi) and the rapidly evolving decentralized ecosystems.
The company's overarching objective is to render stablecoin payments practical and widely adopted. With numerous MTL applications currently under review, Transak is diligently constructing the essential infrastructure required to achieve nationwide stablecoin accessibility. Their ambition is to facilitate value transfers that are as effortless and intuitive as "sending an email."
As regulated stablecoins such as USDC, RLUSD, and USDG increasingly shape the future of cross-border and on-chain finance, Transak's robust infrastructure guarantees that businesses, developers, and end-users can actively participate within a transparent and lawful financial system.