MoonPay to buy North Capital in all-stock deal worth over $60M
MoonPay’s North Capital acquisition adds US broker-dealer, trading and investment infrastructure as it expands into tokenized securities.
Crypto payments firm MoonPay has announced its acquisition of North Capital, a private-markets infrastructure provider, in an all-stock deal valued at over $60 million. The acquisition will enable MoonPay to expand its services to include regulated US securities infrastructure, such as the issuance, custody, and secondary trading of private securities, as well as tokenized real-world assets.
MoonPay CEO Ivan Soto-Wright stated that the acquisition will help connect various components of the financial system through modern, programmable infrastructure. North Capital, a Utah-based company, specializes in broker-dealers, an alternative trading system (ATS), a transfer agent, and an investment adviser, all of which are registered with the US Securities and Exchange Commission.
The company has facilitated transactions worth more than $8.7 billion. After the acquisition, North Capital will become a wholly owned subsidiary of MoonPay, pending regulatory approvals and other customary closing conditions. This acquisition is part of MoonPay's ongoing strategy to expand its offerings beyond crypto payments, as evidenced by its recent acquisitions of Sodot, DFlow, and Entendre.
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