MoonPay Acquires North Capital in $60M Tokenization Deal

MoonPay has agreed to acquire North Capital Investment Technology in an all-stock transaction valued at more than $60 million. This move expands MoonPay's role in digital-asset infrastructure and connects its crypto operations with North Capital's existing securities operations.

North Capital provides brokerage, custody, clearing, and secondary-market infrastructure for private and tokenized securities through its PPEX platform, an SEC-registered alternative trading system with over 1,250 approved assets.

MoonPay founder Ivan Soto-Wright stated that 'all financial markets are becoming more technology-driven, but the infrastructure supporting them is still fragmented across different tech stacks, providers, and workflows.'