Regulatory posture.
SmashPay Inc. is a financial technology company and FinCEN-registered Money Services Business. This page is for partner and investor compliance review.
Entity & registration
| Legal entity | SmashPay Inc. |
| Company type | Financial technology company (fintech) |
| FinCEN registration | Money Services Business (MSB) |
| Business type | B2B2C stablecoin payments fintech |
| Is SmashPay a bank? | No. SmashPay Inc. is not a bank and does not accept deposits. |
Custody & reserves
USD value is held 1:1 as stablecoin in each customer’s own self-custodial wallet. Only the customer can authorise a transaction from it; SmashPay does not hold customer assets.
- • Reserves are fully backed at a 1:1 ratio at all times
- • Balances are not lent or rehypothecated
- • Balances are not FDIC-insured deposits
AML/KYC program
SmashPay maintains an AML/KYC program commensurate with FinCEN MSB requirements. Identity verification is powered by Sumsub. Continuous transaction monitoring screens against OFAC sanctions lists and financial-crime risk indicators.
Partner attribution chain
SmashPay partners with licensed and regulated infrastructure providers:
- • Custody: the customer, in their own self-custodial wallet
- • Wallet infrastructure: Privy
- • KYC/AML: Sumsub
Mandatory disclosure
SmashPay Inc. is a financial technology company, not a bank, and is registered with FinCEN as a Money Services Business. In the US, money transmission is provided by our licensed partners. Your USDC is held in your own self-custodial wallet. Only you can authorise transactions from it. Balances are not deposits and are not FDIC-insured. Currency conversion carries a 0.75–1.50% markup; transfer and other fees apply.