MoonPay Boosts Tokenization Business With North Capital Deal

MoonPay recently announced the acquisition of private markets infrastructure platform, North Capital, in order to integrate regulated infrastructure directly onto its own platform. This strategic move aims to bolster MoonPay's tokenization business by providing the regulatory foundation necessary for mass adoption of tokenized real world assets.

Ivan Soto-Wright, MoonPay's founder and CEO, emphasized the growing trend of technology-driven financial markets with fragmented infrastructure. He highlighted North Capital's unique combination of technology, regulatory expertise, and market infrastructure within the securities markets.

Upon the completion of the acquisition, North Capital will become a wholly owned subsidiary of MoonPay, incorporating its securities brokerage, investment advisory, transfer agent, and investment adviser businesses. These entities are all registered with the SEC, further solidifying MoonPay's position in the private markets infrastructure space.

The deal is particularly significant considering the rapid growth of tokenization in real world assets. By integrating North Capital's capabilities into its platform, MoonPay aims to bridge the gap between private markets and onchain rails, creating a more cohesive and programmable infrastructure. This strategic acquisition follows MoonPay's recent acquisitions aimed at promoting the adoption of online trading, including Rhythm, Glide, Entendre, Dawn Labs, DFlow, Sodot, Meso, Iron, Helio, and others.