Key Takeaways:
Singapore-based crypto payment gateway Alchemy Pay has joined Mastercard’s Crypto Partner Program, a global initiative that now includes more than 85 companies working to bridge digital assets with traditional payment networks.
“Our inclusion in the Mastercard SDP Program demonstrates our commitment to operating within the bounds of regulatory frameworks,” Robert McCracken, Alchemy Pay’s Ecosystem Lead, said regarding the company’s earlier compliance validation. “Ultimately, though, it’s the consumer that benefits from seamless access to blockchain finance via global payment standards like Mastercard.”
The program aims to create a shared framework for collaboration as enterprise use cases for blockchain, such as cross-border settlements and business-to-business payments, continue to develop. Alchemy Pay, which operates in over 173 countries with more than 50 fiat currencies, was previously added to Mastercard’s Site Data Protection (SDP) Compliant Registered Service Provider List, requiring it to adhere to the network's data security standards.
This deeper collaboration arrives as Alchemy Pay launches its own Layer 1 blockchain, the Alchemy Chain, which is designed to support merchant payments and cross-border settlements in compliance with frameworks like Europe’s MiCA regulation. The company’s native token, ACH, will function as the gas-fee token for the new network.
The partnership signals a broader industry trend of integrating on-chain solutions with established financial infrastructure. Mastercard’s initiative brings together crypto-native firms, payment providers, and financial institutions to translate technical innovation into scalable and compliant use cases.
Raj Dhamodharan, Mastercard’s Executive Vice President for Digital Asset Blockchain Products and Partnerships, said the program’s focus is on applications that can operate across markets and integrate into everyday commerce. For Alchemy Pay, participation positions its new blockchain and its suite of on-ramp, off-ramp, and crypto card products to gain deeper institutional traction.
This article is for informational purposes only and does not constitute investment advice.
