MoonPay to acquire SEC-registered North Capital in $60 million all-stock deal
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
MoonPay, a cryptocurrency payments company, plans to acquire North Capital, a private-markets investment platform with about $9 billion in transaction volume, in an all-stock deal valued at over $60 million. The acquisition will make North Capital a wholly owned subsidiary of MoonPay, adding its securities-tokenization infrastructure and regulatory registrations, subject to regulatory approval. MoonPay aims to use these capabilities to expand beyond crypto payments into tokenized assets, decentralized finance, and stablecoin liquidity.
Why it matters
The deal matters because it supports MoonPay’s goal of building a regulatory foundation to promote mass adoption of tokenized real-world assets. The acquisition is intended to help connect various parts of the financial system through modern, programmable infrastructure, potentially advancing the integration of tokenized securities within regulated markets.
Key context
North Capital provides technology for tokenizing securities, assisting private issuers and fund managers with capital raising, asset management, clearing, custody, and secondary trading. Its affiliates hold broker-dealer, trading, transfer, and investment advisory registrations with the SEC. MoonPay has recently expanded beyond crypto payments with its Trade platform, linking banks and fintechs to tokenized assets, decentralized finance protocols, and stablecoin liquidity.
Key numbers and entities
MoonPay, North Capital, CEO Ivan Soto-Wright, U.S. Securities and Exchange Commission (SEC), $9 billion transaction volume, over $60 million deal value.
What remains unclear
The timeline and specific regulatory approvals required for the acquisition’s completion are not detailed. The source does not specify how MoonPay plans to integrate North Capital’s infrastructure operationally or what immediate changes users or clients might experience.