Money Transmitter License Software for Crypto Companies

Brico helps crypto companies secure and manage money transmitter licenses (MTLs) in all 50 states, plus BitLicense in New York. Our regulatory software combines automation and expert support to simplify multi-state licensing, compliance, and renewals.

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Why Crypto Companies Need Licensing Help

Navigating money transmitter laws is especially challenging for crypto startups. Every state has its own interpretation of how money transmission applies to digital assets — and regulators are watching closely. Brico helps teams get licensed faster, without burning time or budget.

Confusing State-by-State Rules

Money transmission laws are applied inconsistently to crypto across the U.S., creating complex and risky gray areas for founders.

High Scrutiny, Zero Room for Error

Regulators are under pressure to monitor crypto companies closely. Strong, audit-ready license applications are essential.

Legal Help Is Expensive

Traditional law firms and licensing consultants charge steep hourly rates. Brico offers flat pricing with automation and expert support.

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Why Brico?

Why Leading Crypto Companies Choose Brico

Licensing crypto operations isn’t just about checking boxes, it’s about protecting your ability to operate. Brico streamlines the process of getting and maintaining money transmitter licenses (MTLs) across all 50 states and New York’s BitLicense. We combine automation with deep regulatory expertise to help digital asset businesses scale compliantly.

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Up-To-Date Requirements

100+ checklists, 500 pages of state code distilled to create up-to-date actionable and easy to understand requirements across all US states.

Intelligent Automation

Auto form-filling and faster application preparation by leveraging smart data mapping.

Reduced Paperwork

Over 200 paper forms digitized in-product so you reduce reliance on physical paper

Centralized Source of Truth

Centralize all work and knowledge in one platform to own your source of truth for future exams and audits. Never lose context during team expansion or employee turnover.

Built-in Project Management

Effortlessly collaborate with team members and external vendors by assigning tasks, automating reminders and feedback. Save valuable time by eliminating the need for repetitive follow-ups on tasks.

Licensing Expert-in-the-Loop

Get the benefit of a dedicated licensing expert to help unblock any hurdles in addition to the guidance in our platform.

“Brico was instrumental in helping us navigate the U.S. MTL process. Their payments and crypto subject matter expertise plus hands-on support made the entire process far more manageable. The direct interaction with Brico’s team of experts, combined with the platform, simplified and expedited our application process. Thanks to Brico, we are positioned for growth in the U.S. market.”

- Santos Barrios
Co-Founder, LB Finanzas

Frequently Asked Questions

Find answers to the most common questions about money transmitter licenses (MTLs), BitLicense requirements, and crypto compliance. Learn how Brico helps digital asset companies streamline licensing, stay audit-ready, and navigate evolving state and federal regulations.

Do crypto companies need a money transmitter license (MTL)?

In most cases, yes. If your company handles crypto custody, payments, or facilitates fiat on-ramps and off-ramps, you're likely considered a money transmitter in many states. A legal professional can help assess your licensing obligations—but most digital asset platforms require at least one MTL to operate legally.

Is a BitLicense required to operate in New York?

Yes. New York’s Department of Financial Services (NYDFS) requires most crypto companies to obtain a BitLicense before serving NY customers. Brico supports both initial BitLicense applications and ongoing maintenance.

What’s included in crypto license maintenance?

Ongoing compliance includes quarterly and annual reports, license renewals, responding to regulator inquiries, submitting advanced change notices, and monitoring licensing requirements across all 50 states.