Key Takeaways
- • MoonPay is acquiring SEC-registered North Capital in an all-stock deal valued at more than $60 million, subject to U.S. regulatory approval, with North Capital becoming a wholly owned MoonPay subsidiary upon close.
- • North Capital, based in Utah and registered with the SEC as a broker-dealer, transfer agent, and investment adviser, operates the technology infrastructure for tokenizing securities for private issuers and fund managers, including services for capital raising, asset management, clearing, custody, and secondary trading.
- • The acquisition represents MoonPay's strategic expansion beyond cryptocurrency payments into real-world assets (RWAs), tokenized assets, and regulated financial infrastructure—complementing the May 2026 launch of MoonPay Trade, which targets institutional adoption of tokenized assets, DeFi, and stablecoins.
- • MoonPay CEO Ivan Soto-Wright framed the deal as building regulatory foundation and ecosystem integration to drive mainstream adoption of tokenized real-world assets across traditional financial institutions.
Summary
MoonPay, the multinational cryptocurrency payments company, has agreed to acquire North Capital, an SEC-registered private-market investment platform, in an all-stock transaction valued at more than $60 million. The deal was announced on September 23, 2026, and remains contingent on approval from U.S. regulators. Upon regulatory clearance and closing, North Capital will operate as a wholly owned subsidiary of MoonPay.
North Capital, headquartered in Utah, operates a specialized technology platform for tokenizing securities used by private issuers and fund managers. The company maintains active SEC registrations as a broker-dealer, transfer agent, and investment adviser. Its service suite encompasses capital raising infrastructure, asset management systems, clearing and custody operations, and secondary market trading functionality—a comprehensive technology stack for institutional-grade tokenization activities.
The acquisition reflects MoonPay's deliberate pivot from consumer-focused cryptocurrency payments toward institutional-grade infrastructure and real-world asset tokenization. MoonPay CEO Ivan Soto-Wright characterized the transaction as establishing a regulatory and technological foundation to accelerate mainstream adoption of tokenized real-world assets. By integrating North Capital's capabilities into the broader MoonPay ecosystem, the company aims to create interconnected financial infrastructure that bridges traditional finance and blockchain-based asset tokenization.
This move aligns with MoonPay's recent strategic initiatives. In May 2026, the company launched MoonPay Trade, a platform explicitly designed to enable banks and fintech companies to transact in tokenized assets, decentralized finance products, and stablecoins. The North Capital acquisition substantially expands MoonPay's in-house regulatory and operational capabilities, reducing reliance on third-party infrastructure providers and positioning the company to offer end-to-end institutional tokenization services.
North Capital, headquartered in Utah, operates a specialized technology platform for tokenizing securities used by private issuers and fund managers. The company maintains active SEC registrations as a broker-dealer, transfer agent, and investment adviser. Its service suite encompasses capital raising infrastructure, asset management systems, clearing and custody operations, and secondary market trading functionality—a comprehensive technology stack for institutional-grade tokenization activities.
The acquisition reflects MoonPay's deliberate pivot from consumer-focused cryptocurrency payments toward institutional-grade infrastructure and real-world asset tokenization. MoonPay CEO Ivan Soto-Wright characterized the transaction as establishing a regulatory and technological foundation to accelerate mainstream adoption of tokenized real-world assets. By integrating North Capital's capabilities into the broader MoonPay ecosystem, the company aims to create interconnected financial infrastructure that bridges traditional finance and blockchain-based asset tokenization.
This move aligns with MoonPay's recent strategic initiatives. In May 2026, the company launched MoonPay Trade, a platform explicitly designed to enable banks and fintech companies to transact in tokenized assets, decentralized finance products, and stablecoins. The North Capital acquisition substantially expands MoonPay's in-house regulatory and operational capabilities, reducing reliance on third-party infrastructure providers and positioning the company to offer end-to-end institutional tokenization services.
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