MoonPay Pursues $8.7B Trading Venue Acquisition
MoonPay has announced its intention to acquire North Capital Investment Technology, a deal that could bring regulated private-securities trading capabilities into its crypto payments business.
The acquisition, pending regulatory approval and closing conditions, would extend MoonPay's offerings beyond cryptocurrency payments to include brokerage and secondary-market services.
North Capital supplies technology and regulated services to private securities issuers, professional intermediaries, fund managers, and investors, operating an alternative trading system called PPEX where eligible securities can trade outside a traditional stock exchange.
The deal's details remain unrevealed, with no launch date or product terms provided for MoonPay customers. Regulatory clearance and customer access remain pending, as well as other customary conditions that must be met for the transaction to close.