MoonPay Buys North Capital to Expand RWA Push
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
MoonPay, a crypto payments company, agreed to acquire North Capital, a private-markets infrastructure provider, to expand into regulated US securities infrastructure and services for tokenized real-world assets (RWAs). The all-stock deal is valued at over $60 million. North Capital will become a wholly owned subsidiary of MoonPay after regulatory approvals and customary closing conditions are met.
Why it matters
This acquisition allows MoonPay to broaden its offerings into issuance, custody, and secondary trading of private securities, including tokenized ones, potentially connecting traditional finance with programmable blockchain infrastructure. The source does not explicitly discuss broader market or policy impacts.
Key context
MoonPay has been expanding beyond crypto payments with previous acquisitions in 2024, including Sodot, DFlow, and Entendre, to enhance capabilities in institutional custody, onchain trading, and AI finance operations. North Capital operates broker-dealers, an alternative trading system, a transfer agent, and investment advising services, all regulated by the US SEC, and has supported over $8.7 billion in transaction volume.
Key numbers and entities
MoonPay is valued at $3.4 billion. The acquisition deal is worth more than $60 million, all-stock. North Capital supported more than $8.7 billion in primary and secondary transaction volume. MoonPay’s CEO is Ivan Soto-Wright. Investors in MoonPay include Karlani Capital and Fiduciary Trust International.
What remains unclear
The timeline for closing the acquisition and specific regulatory approvals required remain unspecified. The source does not detail the exact integration plans for North Capital’s infrastructure within MoonPay’s existing operations. The broader strategic impact on MoonPay’s user base or the RWA market is not addressed.