MoonPay to Acquire North Capital in $60M+ All-Stock Deal to Expand into US Regulated Securities
MoonPay, a crypto payments provider, has agreed to acquire North Capital, a private-markets infrastructure firm, in an all-stock transaction valued at over $60 million. This strategic move enables MoonPay to broaden its offerings into issuance, custody, and secondary trading of private and tokenized securities regulated in the US. The acquisition supports MoonPay’s vision of building programmable infrastructure linking traditional finance with tokenized real-world assets.
Deal Details and MoonPay’s Strategic Goals
MoonPay agreed to acquire North Capital through a fully all-stock transaction valued at more than $60 million, according to sources familiar with the matter. Both companies’ boards have approved the deal, which remains contingent on regulatory approvals and usual closing conditions.
The acquisition will enable MoonPay to expand its services into issuance, custody, and secondary trading of private securities, including tokenized securities, broadening their offerings related to tokenized real-world assets (RWAs).
MoonPay CEO Ivan Soto-Wright stated that the acquisition would help connect various financial system components through modern, programmable infrastructure.
About North Capital
North Capital, based in Midvale, Utah, is a private markets infrastructure provider registered with the US Securities and Exchange Commission in multiple roles including broker-dealer, alternative trading system (ATS), transfer agent, and investment adviser.
The company has supported over $8.7 billion in primary and secondary transaction volume.
Post-acquisition, North Capital will become a wholly owned subsidiary of MoonPay.
MoonPay’s Financial Background and Expansion Plans
MoonPay last raised capital in October 2021 with a $2.18 million seed round, counting Karlani Capital and Fiduciary Trust International among its investors. Market data from Traxcn currently values MoonPay at $3.4 billion.
In 2024, MoonPay has been on an acquisition spree beyond crypto payments, including key management firm Sodot, trading infrastructure platform DFlow, and AI finance operations platform Entendre. These deals enhance MoonPay’s capabilities in institutional custody, on-chain trading, and financial operations.
Why it matters
This news is significant as it marks MoonPay’s strategic evolution from a crypto payments company into a broader participant in regulated financial infrastructure. Acquiring North Capital grants MoonPay substantial access to private and tokenized securities markets, aligning with the broader trend of integrating blockchain technologies with traditional finance platforms. This can accelerate the development of the tokenized real-world asset market in the US by improving accessibility and liquidity. Such moves also highlight the growing emphasis on regulatory compliance and secure transactions in the evolving landscape of digital assets.
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