MoonPay to Acquire SEC-Registered North Capital for $60 Million
MoonPay has signed a definitive agreement to acquire North Capital, an SEC-registered private-markets infrastructure firm, in a $60 million all-stock deal. The acquisition positions the crypto payments company to expand into tokenized real-world assets and regulated securities trading.
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Deal Terms and Structure
MoonPay agreed to acquire North Capital in an all-stock transaction valued at $60 million, according to CoinDesk and Bitcoinist. The deal remains unsigned and has not yet closed. North Capital operates as a private-markets infrastructure provider with regulatory registrations as a broker-dealer, alternative trading system, transfer agent, and investment adviser.
Strategic Rationale
MoonPay CEO Ivan Soto-Wright said the acquisition supports the company's push into tokenized real-world assets and mass adoption infrastructure. The deal marks a material expansion of MoonPay's footprint beyond crypto payments into regulated securities markets. North Capital's existing broker-dealer and ATS licenses materially accelerate MoonPay's ability to offer compliant trading and settlement services for tokenized securities without building those capabilities from scratch.
Regulatory Positioning
North Capital's existing SEC registrations provide MoonPay with immediate access to established compliance and settlement infrastructure. The company's transfer-agent operations and investment-advisory capabilities fill gaps in MoonPay's current service offering. The all-stock structure means MoonPay will integrate North Capital's personnel and licenses into its platform rather than operate it as a subsidiary.
Why It Matters
For Traders
Regulated tokenized securities infrastructure could expand the tradeable asset universe on crypto rails, though settlement remains dependent on integration timeline.
For Investors
MoonPay's pivot into licensed broker-dealer operations signals conviction that RWA infrastructure is becoming a core business line, not a sidecar.
For Builders
Protocol teams building tokenized securities now have a potential on-ramp to broker-dealer and ATS liquidity pools via MoonPay's infrastructure layer.
This article is for information only and is not financial advice. Read the full disclaimer.
