1Money secures 34 US money transmitter licenses and Bermuda Class F approval

The layer-1 blockchain stablecoin payments processor 1Money has secured major regulatory approvals that put it in a strong position to push stablecoin payments into the mainstream.

The company announced that it has obtained 34 US money transmitter licenses alongside a Class F digital asset business license from the Bermuda Monetary Authority, a milestone that gives it a regulated path to launch its stablecoin orchestration services worldwide.

Expanding regulatory footprint

With the new approvals, 1Money surpasses rivals such as Bridge and BVNK in terms of US state licenses.

The company is now authorised to provide regulated services across 40 American jurisdictions and has also registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN).

Combined with its Bermuda license, this gives the firm both US nationwide coverage and global operational capacity under one of the world’s most respected digital asset frameworks.

1Money co-founder and CEO Brian Shroder described the milestone as the linchpin for enabling compliant, scalable, stablecoin services.

Shroder said the licenses will allow the company to orchestrate stablecoin flows seamlessly across traditional banking rails and emerging blockchain networks, unlocking new levels of interoperability and trust for digital payments.

Building a bridge between TradFi and blockchain

The company is positioning itself as more than just another blockchain player. It is developing the 1Money Network, a Layer 1 blockchain purpose-built for Web3 payments.

Unlike many protocols, it focuses exclusively on stablecoins and real-world assets, eliminating the need for speculative tokens or complex tokenomics.

Transactions on the network are designed to settle instantly with low fixed fees, while network fees are paid directly in the stablecoin being transacted.

Through its regulated entities, 1Money plans to offer enterprises a full suite of services that connect digital assets with the traditional financial system.

This includes the ability to mint stablecoins and tokenised real-world assets on its blockchain, integrate them with banking partners, and distribute them through compliant channels worldwide.

1Money services for enterprises and issuers

The company’s regulatory footprint enables it to offer businesses multi-currency fiat virtual accounts, deposit and withdrawal on and off-ramps, global fiat pay-in and payout services, custody of digital assets, and a stablecoin exchange.

It is also preparing to provide stablecoin payments and remittances, as well as foreign exchange services.

Chief Legal Officer Christopher Lalan said the approvals reflect the company’s commitment to building a robust compliance framework that aligns with both US and Bermuda regulators.

Chief Compliance Officer Kristen Hecht added that enterprises need more than just technology; they need a regulated partner capable of supporting them at scale.

The rising momentum for stablecoin payments

1Money’s push comes at a time when stablecoins are rapidly gaining traction in global payments.

Data from recent years shows more than $94 billion settled in stablecoin transactions between early 2023 and early 2025.

Institutional interest is also strong, with nine in ten financial executives surveyed this year saying they already use or are exploring stablecoins.

Traditional payment giants have started to join the movement. Shopify, Visa, Mastercard, PayPal and Stripe have all expanded their stablecoin offerings in recent months, highlighting the growing competition in this space.

The arrival of a fully licensed player like 1Money adds a new dimension by combining regulatory strength with a blockchain designed specifically for payments.

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