MoonPay Buys Regulated US Securities Infrastructure Provider North Capital

MoonPay, a crypto payments company, is expanding its services into regulated US securities infrastructure through an all-stock deal worth over $60 million to acquire North Capital. The Midvale, Utah-based private-markets infrastructure provider has supported more than $8.7 billion in primary and secondary transaction volume.

The acquisition will allow MoonPay to expand into the issuance, custody, and secondary trading of private securities, including tokenized securities. MoonPay CEO Ivan Soto-Wright said the deal would help the company connect parts of the financial system through 'modern, programmable infrastructure.'

MoonPay is currently valued at $3.4 billion, while North Capital will become a wholly owned subsidiary after the transaction closes. The acquisition remains subject to regulatory approvals and other customary closing conditions.

This deal marks the latest in MoonPay's buying spree this year as it expands beyond crypto payments, having previously acquired key management company Sodot, trading infrastructure platform DFlow, and AI finance operations platform Entendre.