Client Overview:
1Money is building the world’s first Layer 1 protocol purpose-built for Web3 payments, designed to deliver the fastest, cheapest, and most compliant transactions globally. Backed by leading investors and built on patent-pending technology, 1Money aims to revolutionize global finance by providing a superior digital asset payment experience for users worldwide.
The Challenge:
1Money was a new startup, having limited resources to manage the complex, state-by-state MTL application process for digital asset service providers. The team needed to move quickly, as licensing was mission-critical to the launch of its regulated products. With limited headcount and resources, 1Money needed a partner who could offer more than just a legal template—they needed automation, expertise, and guidance.
Brico’s Solution and Results:
Brico helped 1Money massively decrease redundant data entry and fill out hundreds of forms in a streamlined, efficient manner. But beyond that, Brico’s experts gave advice on process and regulator expectations—subject matter expertise that helped provide expedited approval across many state licenses.
Key benefits 1Money gained from Brico’s services:
- Full-Service Licensing Platform: Delivered a single, streamlined interface for managing MTL applications across all required states.
- High-Touch Support: Provided rapid, personalized assistance through a dedicated Slack channel, helping resolve technical and regulatory questions in real time.
- Expert Guidance: Implemented best practices when it came to document submissions and engaged in direct outreach to state regulators — a major time-saver for the team.
- Scalable Compliance Infrastructure: Allowed a lean compliance team to manage a high volume of applications without hiring additional staff.
Client Testimonial:
"Brico pairs smart automation with dedicated hands-on support, reaching out to regulators, keeping our filings on track, and making sure nothing falls through the cracks. Brico isn't just a service; they’re a real partner."
— Kristen Hecht, Chief Compliance Officer, 1Money USA, Inc.
