MoonPay Expands Into Wall Street's Back Office with $60 Million North Capital Acquisition

MoonPay has made a significant move into Wall Street's back office by acquiring North Capital in an all-stock transaction valued at over $60 million. The deal, which is subject to regulatory approval, will see MoonPay become a wholly owned subsidiary of North Capital once the transaction closes.

North Capital has built its business processing roughly $9 billion in primary and secondary market transactions, giving it real operating scale in a corner of finance that most crypto companies have never touched directly. Its affiliates carry the kind of credentials that take years to obtain: relevant registrations with the U.S. Securities and Exchange Commission covering broker-dealer activity, trading, transfer-agent functions, and investment advisory services.

MoonPay has described the purchase as support for its broader push into tokenized real-world assets, and the timing tracks with a pattern the company has been building for months. Ivan Soto-Wright, MoonPay CEO, framed the deal as part of 'building the regulatory foundation to support mass adoption of tokenized real-world assets.'