Key Highlights
- MoonPay secures North Capital, a private-markets investment platform, through an all-stock transaction exceeding $60 million
- North Capital holds SEC registration including broker-dealer, trading system, transfer agent, and investment advisory licenses
- The acquisition accelerates MoonPay’s expansion into tokenized real-world assets (RWAs)
- North Capital has facilitated approximately $9 billion in primary and secondary market transactions
- This marks another strategic acquisition for MoonPay in 2026, following deals for DFlow, Sodot, and Entendre
MoonPay has entered into an agreement to acquire North Capital, a SEC-registered private markets platform, through an all-stock transaction valued at more than $60 million as part of its tokenized real-world asset strategy.
The crypto payments leader is positioning itself to enter the tokenized securities market through the acquisition of North Capital, a regulated US investment infrastructure provider, marking a significant departure from its core payments business.
Announced Wednesday, the transaction exceeds $60 million in value and is structured entirely as an equity exchange. While both companies’ boards have given their approval, the deal remains subject to regulatory clearance before completion.
North Capital’s Infrastructure and Capabilities
Headquartered in Midvale, Utah, North Capital maintains multiple SEC-registered entities including broker-dealers, an alternative trading system (ATS), transfer agent services, and investment advisory operations.
The platform has facilitated more than $8.7 billion in combined primary and secondary market transaction volume. Its technology stack supports securities tokenization, providing private issuers and fund managers with comprehensive solutions for capital formation, asset administration, clearing services, custody solutions, and secondary market trading.
Upon transaction completion, North Capital will operate as a fully owned subsidiary within the MoonPay corporate structure.
Ivan Soto-Wright, CEO of MoonPay, stated the deal will enable the company to “connect different parts of the financial system through modern, programmable infrastructure.”
Accelerated M&A Strategy and Tokenization Focus
MoonPay has pursued an aggressive acquisition strategy throughout this year. Previous transactions included Sodot (a key management solutions provider), DFlow (an onchain trading infrastructure platform), and Entendre (an AI-powered finance operations platform).
The company has also introduced its Trade platform, designed to bridge traditional banks and fintech companies with tokenized assets, decentralized finance protocols, and stablecoin liquidity pools.
Based on Traxcn data, MoonPay carries a current valuation of $3.4 billion. The company’s most recent capital raise was a $2.18 million seed round completed in October 2021, with backing from Karlani Capital and Fiduciary Trust International among others.
Tokenization refers to the process of creating blockchain-based digital representations of traditional assets such as stocks, bonds, and commodities. This application has emerged as a primary blockchain use case drawing significant interest from established financial institutions.
Through the North Capital transaction, MoonPay gains immediate access to SEC-registered operational infrastructure, which the company identifies as essential regulatory groundwork for enabling widespread adoption of tokenized real-world assets.
Soto-Wright emphasized the acquisition brings capabilities to MoonPay’s platform that can serve both cryptocurrency-native participants and conventional financial market stakeholders.
The deal is anticipated to enable MoonPay to provide issuance services, custody solutions, and secondary trading capabilities for private and tokenized securities following regulatory approval.
The announcement did not specify an expected closing date for the transaction.
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