Alchemy Pay, the Singapore-based fiat-crypto payment firm, announced Tuesday its collaboration with Sumsub, a global firm in verification, to integrate its Travel Rule solution across Alchemy Pay’s entire product suite.

Sumsub said in a statement that this integration marks a significant milestone in reinforcing regulatory compliance, transactional transparency, and user security, further aligning Alchemy Pay with the vision of building a secure, compliant, and accessible bridge between traditional finance and the crypto economy.

As cryptocurrency adoption continues to scale globally, regulatory frameworks such as the Travel Rule, a set of regulations to increase transparency in cryptocurrency transactions and prevent money laundering and terrorist financing, are being enforced to ensure that Virtual
Asset Service Providers (VASPs) maintain transparency comparable to traditional financial institutions.

The rule mandates the secure exchange of originator and beneficiary information during crypto transactions, enabling traceability and oversight to mitigate illicit activities.

Sumsub connects with counterparties via a Travel Rule solution integrated with 1,800+ VASPs across major protocols like GTR, TRP, CODE, Sygna.

By integrating Sumsub’s comprehensive Travel Rule compliance solution, Alchemy Pay is empowering its platform with automated, secure data exchange protocols that enable seamless information sharing between counterparties in virtual asset transfers.

Sumsub’s infrastructure will bolster Alchemy Pay’s ability to collect, validate, and transmit required transaction data while maintaining a smooth user experience.

Sumsub is a verification platform that helps businesses manage user and business onboarding, fight fraud, and stay compliant with regulations.

Its technology complements Alchemy Pay’s multi-layered compliance framework, which includes KYC/AML procedures, fraud detection, and regional licensing.

Sumsub’s rules engine, covering 35 markets with 10+ jurisdiction-specific rule bundles, automates Travel Rule compliance, greater enhancing Alchemy Pay’s readiness in strict regulatory environments and building trust with institutional and retail users alike.

According to the statement, the integration comes at a pivotal time as Alchemy Pay continues to expand its regulatory footprint globally, recently securing the 10th Money Transmitter Licenses (MTLs) in the United States, and growing its reach in Europe, United Kingdom, Korea, and Southeast Asia.

As Alchemy Pay onboards millions of users into the crypto economy through its fiat-crypto ramp, payment solutions, and upcoming stablecoin-based blockchain infrastructure, compliance remains a cornerstone of its scaling strategy.

With this collaboration, Alchemy Pay underscores its role as a responsible, forward-thinking crypto payment leader, delivering secure, compliant, and user-friendly solutions in a rapidly evolving global financial landscape, said the statement.

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