MoonPay to Acquire North Capital in $60M Deal to Expand Tokenization

MoonPay is preparing to acquire North Capital, a private-markets infrastructure platform, in a $60 million all-stock deal. The acquisition aims to expand MoonPay's reach into tokenized assets. Once completed, North Capital will become a wholly-owned subsidiary of MoonPay following a regulatory approval and other customary closing conditions.

North Capital, headquartered in Salt Lake City, offers technology and regulated financial services to private securities issuers, fund managers, intermediaries, and investors. Its platform has processed over $8.7 billion in primary and secondary transaction volume. MoonPay, a privately held company without an announced IPO, has been diversifying beyond its traditional crypto payments business.

Recent acquisitions include Solana's trading infrastructure provider DFlow and crypto security startup Sodot. MoonPay also supports major U.S. card networks like Visa and Mastercard, as well as Apple Pay and PayPal.