Scallop Secures US MSB License to Expand Crypto-Fiat Services

Scallop, a UK-based digital finance platform, has secured a Money Services Business (MSB) license in the United States, a key regulatory approval that enables the company to offer both fiat and crypto services to U.S. consumers and businesses [1]. This license marks a major milestone in Scallop’s global expansion, allowing it to operate in one of the most influential financial markets in the world [2]. Combined with regulatory approvals in over 160 countries, Scallop now boasts one of the broadest compliance footprints in the crypto-fintech industry.

The U.S. remains the largest and most dynamic market for financial and technological innovation. As regulatory clarity around crypto grows under the new administration, there is a rising demand for secure, user-friendly platforms that facilitate real-world crypto adoption [1]. Scallop is positioned to meet this demand by offering a fully integrated experience that includes multi-currency fiat accounts, on- and off-ramp services, and Visa and Mastercard payment solutions. The platform aims to bridge the gap between traditional banking and digital assets, providing a seamless financial interface for everyday use.

The upcoming Scallop App will feature a user-friendly interface, real-time spending controls, and the $EMYC utility token, which supports card tiers, staking benefits, and gas fee management [1]. The app is designed to appeal to both experienced users and newcomers, offering a straightforward way to manage fiat and crypto in one place. Additionally, Scallop provides a developer SDK, allowing fintech and Web3 platforms to integrate its banking infrastructure—including card issuing, FX, and compliance modules—directly into their products [1].

Scallop’s mission is to make digital money usable in everyday life, not just in trading. By operating within a fully regulated framework, the platform supports real-world crypto use, including daily financial management and payment solutions. The company is preparing for a full website relaunch, with improved design and enhanced access to its core services. Users can join the waitlist for early access to the app via its official website.

Founded by CEO Raj Bagadi, Scallop is headquartered in London and has built a reputation for combining regulated banking infrastructure with seamless access to digital assets. The company is focused on creating a trusted and compliant environment where individuals and institutions can manage crypto and fiat with confidence [1]. As it prepares for its app launch, Scallop continues to strengthen its global presence through regulatory approvals and strategic partnerships, setting a new standard for crypto-fiat integration.

Source:

[1] Scallop Receives US MSB License, Unlocking Mass-Market Potential for Global Crypto Adoption

https://decrypt.co/332922/scallop-receives-us-msb-license-unlocking-mass-market-potential-for-global-crypto-adoption

[2] Scallop receives US MSB license, unlocking market potential

https://crypto.news/scallop-receives-us-msb-license-unlocking-mass-market-potential-for-global-crypto-adoption/