MoonPay plans to acquire private-markets infrastructure provider North Capital for more than $60 million. The all-stock transaction marks another step in MoonPay’s push into tokenized assets and financial-market infrastructure.
Consequently, North Capital will become a wholly owned MoonPay subsidiary after the deal closes. Regulatory approval and other customary conditions still stand before completion.
MoonPay Expands Into Tokenized Markets
North Capital operates technology and financial services for private securities markets. Its platform has processed more than $8.7 billion across primary and secondary transactions. Additionally, the company supports fundraising, asset management, custody, clearing, and secondary trading.
North Capital also operates regulated broker-dealers and a transfer agent. Its PPEX platform offers more than 1,250 approved assets for secondary trading.
Moreover, MoonPay launched Trade in May to connect financial firms with tokenized assets. The platform also links users with decentralized finance protocols and stablecoin liquidity.
Building Broader Financial Infrastructure
Besides North Capital, MoonPay acquired Solana trading infrastructure provider DFlow earlier this year. The company also acquired crypto security startup Sodot.
Significantly, these deals broaden MoonPay’s role beyond cryptocurrency payments. The company recently added Discover alongside Visa and Mastercard for crypto purchases.
Related: Bitcoin Cash Price Prediction: BCH Price Surges 35% as CME Plans BCH Futures Launch
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
