1Money Co., a developer of a Layer 1 protocol for Web3 payments, announced it received significant regulatory approvals. The company secured 34 Money Transmitter Licenses (MTLs) in the United States and a Class F Digital Asset Business license from the Bermuda Monetary Authority (BMA).
These licenses allow 1Money to launch global stablecoin orchestration services. This will provide a compliant link between its 1Money Network blockchain and traditional financial systems. The company now offers a comprehensive stablecoin infrastructure, including its Layer 1 protocol, orchestration services, and compliant fiat solutions.
This regulatory framework covers a large portion of the U.S. market and provides fully regulated global operations from Bermuda. It enables partners to develop, expand, and launch stablecoin-based products that seamlessly transfer funds between digital currencies and fiat.
Brian Shroder, Co-Founder and CEO of 1Money, emphasized the importance of these licenses in providing secure, compliant, and scalable stablecoin solutions worldwide. He noted that this milestone allows for the orchestration of stablecoin flows across traditional and blockchain infrastructures, increasing interoperability, trust, and compliance in digital payments.
Christopher Lalan, Chief Legal Officer of 1Money, highlighted the company’s dedication to building a strong legal and compliance structure. He stated that this accomplishment reflects the commitment to aligning with global regulatory standards. The licenses, he added, provide partners confidence in 1Money‘s ability to support them with compliant operations and technological solutions.
The licenses significantly expand 1Money‘s operational reach. 1Money USA, Inc., registered with FinCEN as a Money Services Business (MSB), is authorized to provide money movement and services across 40 U.S. jurisdictions. 1Money Bermuda, Ltd., authorized under Bermuda‘s Digital Asset Business Act (DABA), can conduct various regulated activities.
Kristen Hecht, Chief Compliance Officer, noted that businesses need a regulated partner, not just technology. She emphasized the company’s commitment to combining high global compliance standards with innovative stablecoin infrastructure.
The 1Money group now has a solid regulatory foundation. This is designed to encourage mainstream adoption of stablecoins and drive innovation in global payments, while also offering the 1Money Network protocol. The protocol aims to be the fastest, cheapest, and most compliant Layer 1 for Web3 payments.
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