MoonPay to Acquire North Capital for Over $60M to Expand Tokenization Capabilities
Cryptocurrency payments company MoonPay is acquiring private-markets infrastructure platform North Capital in an all-stock deal valued at more than $60 million. The acquisition aims to expand MoonPay's capabilities into tokenized assets and consolidate its position in the evolving financial technology landscape. Once completed, North Capital will become a wholly owned subsidiary of MoonPay, subject to regulatory approval and customary closing conditions. North Capital operates from Salt Lake City and provides regulated services for private securities issuers, fund managers, intermediaries, and investors. Its platform has facilitated over $8.7 billion in primary and secondary transaction volume across capital raising, asset management, clearing, custody, and trading activities. The deal underscores MoonPay's broader strategy to move beyond its core crypto payments business into more complex financial infrastructure. MoonPay recently launched a new Trade platform connecting banks and fintechs with tokenized assets and decentralized finance protocols. It has also acquired DFlow and Sodot earlier this year, while expanding payment options by adding Discover Network alongside Visa and Mastercard.
Topics: cryptocurrency financial infrastructure private markets tokenization