MoonPay to acquire SEC-registered North Capital in $60 million all-stock deal

MoonPay is set to acquire North Capital, a private-markets investment platform, in an all-stock deal valued at slightly above $60 million, according to sources cited by CoinDesk. The transaction is subject to customary regulatory approvals and, once completed, North Capital will operate as a wholly owned subsidiary of MoonPay.

North Capital provides technology and services for tokenizing securities on behalf of private issuers and fund managers, including support for capital raising, asset management, clearing, custody and secondary trading. The firm’s platform has handled roughly $9 billion in primary and secondary transaction volume, the announcement said.

MoonPay’s founder and CEO, Ivan Soto-Wright, described the acquisition as a way to build a regulatory foundation for broader adoption of tokenized real-world assets and to connect parts of the financial system through programmable infrastructure. The deal brings into MoonPay’s fold North Capital’s SEC-registered broker-dealer and related registrations, which underpin securities-tokenization activities.

The move furthers MoonPay’s expansion beyond its core cryptocurrency payments business. In recent months the company launched its Trade platform to link banks and fintechs with tokenized assets, decentralized finance protocols and stablecoin liquidity; acquiring North Capital adds regulated tokenization capabilities to that effort.