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Cryptocurrency payments company MoonPay is set to acquire private-markets investment platform North Capital in an all-stock deal valued at more than USD 60 million, as the company expands its business into tokenized real-world assets and financial infrastructure. The transaction was announced on Wednesday and remains subject to regulatory approval.
Salt Lake City, Utah-based North Capital will become a wholly owned subsidiary of MoonPay once the transaction closes. Its platform has recorded around USD 9 billion in primary and secondary transaction volume.
North Capital provides technology infrastructure for private securities issuers and fund managers. Its services cover capital raising, asset management, clearing, custody and secondary trading. Affiliates of the company hold broker-dealer, trading, transfer, and investment advisory registrations with the US Securities and Exchange Commission (SEC).
The acquisition is aimed at adding North Capital’s securities-tokenisation infrastructure and regulatory capabilities to MoonPay’s operations.
MoonPay CEO and founder Ivan Soto-Wright said the acquisition would help the company build the regulatory foundation needed to support the mass adoption of tokenized real-world assets.
“We believe bringing those capabilities into the MoonPay ecosystem can help connect different parts of the financial system through modern, programmable infrastructure,” Soto-Wright said.
Tokenization involves creating blockchain-based representations of real-world assets such as equities, bonds and commodities. These tokens can be bought, sold and traded on blockchains.
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The deal comes as MoonPay moves beyond its core cryptocurrency payments business. The company has established its Trade platform to connect banks and fintech companies with tokenized assets, decentralized finance protocols and stablecoin liquidity.
The North Capital acquisition also follows other purchases made by MoonPay earlier this year, including Solana-based trading infrastructure provider DFlow and security startup Sodot.
The transaction adds another layer to MoonPay’s push into tokenized assets, an area that has become a prominent blockchain use case among traditional financial institutions.
