CloudRidge Secures Federal MSB Registration, Strengthening Compliance Infrastructure for Global Payment Network

FinCEN registration positions Project Ridge as a fully compliant, secure payment infrastructure for fintechs and financial institutions worldwide.
New York, NY - October 28, 2025 - CloudRidge today announced it has completed registration as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN), reinforcing its commitment to regulatory excellence as it scales Project Ridge, its next-generation payment network.

The federal registration establishes CloudRidge as a fully regulated payments infrastructure provider, enabling the company to deliver compliant money-movement, foreign exchange, and settlement solutions to financial institutions and digital platforms across all 50 U.S. states, the District of Columbia, and U.S. territories.

"This milestone validates our vision of building trusted, transparent payment infrastructure that exceeds regulatory expectations," said Shalom Dodoun, Advisor of the Board at CloudRidge. "As Project Ridge gains momentum with fintechs and institutions worldwide, this registration demonstrates our unwavering commitment to compliance, security, and accountability."

As a FinCEN-registered MSB, CloudRidge operates under the Bank Secrecy Act (BSA) and has implemented comprehensive compliance measures including Know Your Customer (KYC) protocols, real-time transaction monitoring systems, and mandatory reporting procedures such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).

The registration comes as CloudRidge accelerates development of Project Ridge, a proprietary payment network designed to modernize financial infrastructure with speed, security, and global reach. Project Ridge provides compliant payment rails for both domestic and international value movement, addressing growing demand from financial institutions seeking regulated alternatives to legacy systems.

"Compliance isn't just a checkbox for us-it's foundational to everything we build," Dodoun added. "Project Ridge is helping define the future of regulated payments, and this FinCEN registration ensures we're doing it the right way from day one."

About CloudRidge

CloudRidge is a fintech infrastructure company developing Project Ridge, a next-generation payment network engineered for speed, security, and global scale. As a FinCEN-registered Money Services Business, CloudRidge provides fully compliant payment, foreign exchange, and settlement solutions to financial institutions and digital platforms worldwide.
Media Contact
Company Name: Cloudridge INC
Contact Person: Philip Roberts
Email: Send Email [http://www.universalpressrelease.com/?pr=cloudridge-secures-federal-msb-registration-strengthening-compliance-infrastructure-for-global-payment-network]
City: Dover
State: DE
Country: United States
Website: http://www.cloudridge.io

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. GetNews makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.