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 held on behalf of SmashPay users is held 1:1 as fully-reserved stablecoin in institutional-grade custody via BitGo Bank & Trust N.A.
- • Reserves are fully backed at a 1:1 ratio at all times
- • Reserves are not loaned, rehypothecated, or used for investment
- • Monthly third-party reserve attestations are published
- • 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:BitGo Bank & Trust N.A. (OCC-chartered trust company)
- • Settlement: Coinbase Prime
- • KYC/AML: Sumsub
- • Card (where applicable): Issued in partnership with [BIN sponsor — LAUNCH_TODO: confirm and name]
Mandatory disclosure
SmashPay Inc. is a financial technology company, not a bank, and a FinCEN-registered Money Services Business. USD value is held 1:1 as fully-reserved stablecoin in institutional-grade custody via BitGo Bank & Trust N.A. Balances are not deposits and are not FDIC-insured. Converting between USD and local currency carries an all-in cost of 0.75–1.50%.