MoonPay to Acquire North Capital for Expansion into Onchain Capital Markets
MoonPay Inc has announced a definitive merger agreement with North Capital Investment Technology, Inc., marking its expansion into onchain capital markets. The acquisition will integrate North Capital's private securities market technology and regulated financial services capabilities with MoonPay’s global fintech infrastructure platform. Upon completion, North Capital will become a wholly owned subsidiary of MoonPay, enhancing the latter’s offerings in digital asset transactions by adding brokerage and investment advisory businesses. North Capital supports capital raising, custody, secondary trading, and other functions for exempt securities through its technology platforms like PPEX ATS. The company has facilitated over $8.7 billion in transaction volume across primary and secondary markets. Ivan Soto-Wright of MoonPay emphasized the fragmented nature of financial market infrastructure and highlighted North Capital’s differentiated capabilities as a strategic fit. James Dowd, CEO of North Capital, noted that combining their teams would enhance access, liquidity, and transparency for private markets through modern technology. The deal requires regulatory approvals before closing.
Topics: Financial Technology Mergers & Acquisitions Securities Markets