1Money Co., an Abu Dhabi Hub 71 startup, and the company behind the world’s first Layer 1 protocol purpose-built for Web3 payments, which has raised $20 million has secured a comprehensive suite of financial licenses across multiple jurisdictions, including 34 Money Transmitter Licenses (MTLs) in the United States and an F Class Digital Asset Business license from the Bermuda Monetary Authority.
The licenses permit the company to now launch global “stablecoin orchestration services” through traditional financial institutions and providing a compliant bridge between its next-generation blockchain (the 1Money Network) and the traditional financial system.
1Money can now deliver a full-stack stablecoin infrastructure offering, including deploying its Layer 1 protocol through a separate entity, stablecoin orchestration services, and a comprehensive suite of compliant fiat solutions. The company’s regulated footprint, covering the majority of U.S. markets and offering fully regulated global operations out of Bermuda, empowers partners and enterprises to build, scale, and launch stablecoin-based products that can seamlessly move money between digital currencies and fiat.
By combining its regulated and licensed money services business with its 1Money Network protocol, 1Money seeks to uniquely provide a full suite of services to stablecoin and Real World Asset (RWA) issuers, allowing them to run on the 1Money Network, connect their digital assets to the traditional banking system, and provide compliant distribution channels for offering their assets to end users globally.
“Securing 34 U.S. MTLs and the Bermuda BMA Class F license is the linchpin of our commitment to providing secure, compliant, and scalable stablecoin solutions to businesses worldwide,” said Brian Shroder, Co-Founder and CEO, 1Money. “These milestones enable us to orchestrate stablecoin flows across both traditional and emerging blockchain infrastructure, bringing a new level of interoperability, trust, and compliance to the digital payments landscape.”
1Money can now offer multi-currency fiat virtual accounts, fiat deposit and withdrawal (on/off ramps), global fiat pay-in and pay-out
Digital Asset Custody, stablecoin buying, selling, and exchange, stablecoin payments and remittances and Foreign Exchange (FX).
“Our team has worked diligently to build a robust legal and compliance framework that meets the stringent requirements of regulators in the U.S. and Bermuda. This achievement reflects our commitment to globally align with esteemed regulatory regimes,” said Christopher Lalan, Chief Legal Officer, 1 Money. He added, “The U.S. MTLs and the Bermuda Class F license give partners confidence that 1Money can support them at scale with both compliant operations and advanced technology solutions.”
“Enterprises need more than technology—they need a regulated partner they can depend on,” said Kristen Hecht, Chief Compliance Officer. “We are proud to combine the highest global standards of compliance with the innovation of our next-generation stablecoin infrastructure.”
The 1Money group of companies now operate a robust regulatory foundation designed to foster mainstream adoption and unlock a new wave of innovation for global payments while also offering the 1Money Network protocol, engineered to be the fastest, cheapest, and most compliant Layer 1 for Web3 payments.
