MoonPay to Acquire North Capital for More Than $60 Million
MoonPay has announced plans to acquire North Capital for more than $60 million in an all-stock transaction, expanding its presence in tokenized real-world assets. The acquisition is subject to regulatory approval and would make North Capital a wholly owned subsidiary of MoonPay.
North Capital has processed approximately $9 billion in transactions and provides infrastructure covering several parts of private-market transactions. Its services include securities tokenization, fundraising, asset management, clearing, custody, and secondary trading.
The acquisition will support MoonPay's expansion into tokenized real-world assets, a category that involves representing ownership or financial interests in traditional assets through blockchain-based systems.