What is Alchemy Pay?

Founded in 2017, Alchemy Pay is a payments platform that bridges traditional finance and cryptocurrency by enabling both fiat and crypto transactions for businesses and consumers. It provides infrastructure that supports payments through credit cards, bank transfers, mobile wallets, and cryptocurrency wallets, allowing merchants to accept digital assets alongside conventional currencies. The platform emphasizes integration across multiple payment channels, aiming to make digital asset transactions more accessible in everyday commerce.

What is ACH?

The native token of the protocol is ACH, which operates on the Ethereum blockchain. ACH is a key component in maintaining the efficiency and participation incentives of Alchemy Pay’s payment network. ACH is used to pay transaction fees, access certain network services, and incentivize participation within the ecosystem. There is a maximum supply of 10 billion units of ACH, and at the time of this publication, there are ~9.55 billion ACH currently in circulation.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. 

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. 

Wealthsimple has performed an assessment of whether ACH can be supported by Wealthsimple’s platform, including whether ACH is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated ACH based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of ACH, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created ACH;
• The supply, demand, maturity, utility and liquidity of ACH;
• Material technical risks associated with ACH, including any code defects, security breaches and other threats concerning ACH and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with ACH, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ACH; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether ACH, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple’s original assessment of those assets, including Wealthsimple’s assessment of the application of securities and derivatives laws. Any significant changes relating to ACH may result in changes to this Crypto Asset Statement and/or Wealthsimple’s ability to support ACH.

Like all other crypto assets, there are some general risks to investing in ACH. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading ACH. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision). 

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: October 14, 2025