## **Transak Secures MTL State Permits in Six Jurisdictions, Advancing Regulated Stablecoin Infrastructure**

On November 11, fintech infrastructure provider Transak announced the acquisition of Money Transmitter Licenses across six U.S. states—Michigan, South Carolina, Iowa, Kansas, Pennsylvania, and Vermont. This expansion brings Transak's total MTL state footprint to eleven jurisdictions, representing a critical milestone in its ongoing effort to build a compliant nationwide payment backbone for digital assets.

## **Why These MTL State Licenses Matter**

The significance of these permits extends beyond regulatory checkmarks. Each Money Transmitter License grants Transak direct authority to custody customer funds and settle transactions within that specific state's jurisdiction, eliminating intermediary friction. For a platform serving over 450 integrated applications—from wallets to enterprise fintech platforms—this legal infrastructure translates into lower transaction costs, faster settlement, and higher success rates across its network.

Bryan Keane, Transak's Americas compliance officer, characterized these MTL state authorizations as foundational to bridging traditional banking and decentralized finance. The U.S. regulatory landscape remains notoriously fragmented for crypto payments, making state-by-state compliance particularly demanding. Transak's methodical approach signals the company is not pursuing shortcuts, but rather constructing a sustainable, defensible moat in an increasingly scrutinized market.

## **Technical Momentum Built on Regulatory Foundation**

The company has weaponized these new MTL state permits to accelerate product development throughout 2025. In August, Transak became the first on-ramp enabling wire transfers for direct USD deposits. Now, it's preparing to launch ACH payment rails—a more accessible rails for mass-market adoption.

The MetaMask partnership exemplifies how these licenses unlock real-world utility: users can now convert bank deposits into stablecoins and deposit them directly into digital wallets through regulated, near-instantaneous settlement. Behind the scenes, Transak's API suite supports multiple institutional-grade stablecoins—USDC, RLUSD, and USDG—while its newly released Virtual Account APIs allow developers to embed stablecoin payment flows directly into their applications. This moves beyond simple user onboarding into supporting complex, multi-party settlement operations.

## **Building Toward Cross-Border Stablecoin Rails**

Transak has indicated it is actively pursuing MTL state applications in additional jurisdictions, suggesting this expansion is far from complete. The company frames its regulatory buildout as essential infrastructure for the next wave of global crypto payments and onchain finance. As more enterprises and payment networks recognize stablecoins as viable settlement layers, platforms with nationally distributed MTL state frameworks will likely command operational advantages. For Transak, these six new licenses represent another stepping stone in that longer-term architecture.