MoonPay agreed to acquire private-markets infrastructure provider North Capital in an all-stock deal valued at more than $60 million, the companies said Wednesday. The purchase extends MoonPay’s reach into US-regulated securities infrastructure as it builds out services for tokenized real-world assets.
North Capital operates broker-dealer, alternative trading system, transfer agent, and investment adviser businesses—all registered with the US Securities and Exchange Commission. The company has facilitated more than $8.7 billion in primary and secondary transaction volume, according to the announcement.
Following closing, North Capital will operate as a wholly owned subsidiary of MoonPay. Both boards have approved the deal, which remains subject to regulatory approvals and customary closing conditions.
MoonPay CEO Ivan Soto-Wright said the acquisition would help connect parts of the financial system through “modern, programmable infrastructure.” The company intends to use North Capital’s regulated platform to expand into issuance, custody, and secondary trading of private securities, including tokenized securities.
The deal is part of a series of acquisitions MoonPay has completed this year as it diversifies beyond crypto payments. Previous purchases include key management company Sodot, trading infrastructure platform DFlow, and AI finance operations platform Entendre—addsitions spanning institutional custody, onchain trading, and financial operations.
MoonPay, based in Midvale, Utah, last raised funds in October 2021, when it completed a $2.18 million seed round at an unspecified valuation, according to Traxcn data. Investors include Karlani Capital and Fiduciary Trust International. The company is currently valued at $3.4 billion, per Traxcn.
