MoonPay to acquire SEC-registered North Capital in $60 million all-stock deal
MoonPay to buy North Capital for $60 million
Cryptocurrency payments company MoonPay is acquiring North Capital, a private-markets investment platform. The all-stock deal is valued at more than $60 million.
North Capital is based in Salt Lake City, Utah. The company’s platform has handled around $9 billion in primary and secondary transaction volume. If the deal is approved by regulators, North Capital will become a wholly owned subsidiary of MoonPay.
Key numbers and targets
- Deal value: Over $60 million.
- Transaction type: All-stock acquisition.
- North Capital volume: Approximately $9 billion in transactions.
- Regulatory status: North Capital holds broker-dealer and investment advisory registrations with the U.S. Securities and Exchange Commission (SEC).
Expanding beyond crypto payments
MoonPay is moving beyond its core business of facilitating cryptocurrency payments. The company is expanding into tokenized assets, decentralized finance (DeFi), and stablecoin liquidity.
Tokenization is the process of converting real-world assets, such as stocks, bonds, or commodities, into digital tokens on a blockchain. These tokens can then be bought, sold, and traded online.
MoonPay CEO Ivan Soto-Wright said the acquisition will help "build the regulatory foundation to support mass adoption of tokenized real-world assets." He added that bringing North Capital’s capabilities into the MoonPay ecosystem can help connect different parts of the financial system through modern, programmable infrastructure.
North Capital’s technical role
North Capital provides the technology infrastructure needed to tokenize securities for private issuers and fund managers. Its services include capital raising, asset management, clearing, custody, and secondary trading.
The acquisition follows a series of buys by MoonPay earlier this year, including the acquisition of Solana-based trading infrastructure provider DFlow and security startup Sodot for $100 million.
What is confirmed
MoonPay has announced an agreement to acquire North Capital. The deal is valued at over $60 million and is structured as an all-stock transaction. The acquisition is subject to regulatory approval. North Capital is an SEC-registered platform with $9 billion in transaction volume.
Why this matters
Tokenization is becoming a prominent use case for blockchain technology among traditional financial institutions. Major banks and regulators are exploring how to use tokens for assets like bonds and equities. MoonPay’s move signals a push by crypto payments firms to integrate with these traditional financial structures.
What happens next
The deal must receive regulatory approval before it can close. No specific timeline for the approval process was provided in the announcement.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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