North Capital

Crypto · Fintech · Tokenized Securities

Acquisition

MoonPay to acquire North Capital in $60M all-stock deal for tokenized securities

The purchase hands MoonPay SEC-registered broker-dealer and trading-venue licenses that typically take years to win independently.

• MoonPay signed a definitive agreement to acquire North Capital Investment Technology in an all-stock deal valued at more than $60 million, pending regulatory approval.
• North Capital runs a private-markets infrastructure platform whose affiliates hold SEC broker-dealer, alternative trading system (PPEX ATS), transfer agent and investment adviser registrations.
• North Capital's platform has processed roughly $8.7 to $9 billion in primary and secondary transaction volume for private securities issuers and fund managers.
• Acquiring an already-licensed broker-dealer and ATS gives MoonPay regulatory rails that direct SEC application and review would otherwise take years to secure.
• The deal extends MoonPay's 2026 buying spree beyond crypto payments, following earlier purchases of key-management firm Sodot, trading platform DFlow and AI finance tool Entendre.
• North Capital will become a wholly owned MoonPay subsidiary once the transaction closes, though regulatory clearance and other customary conditions remain outstanding.
• Buying a licensed venue outright rather than partnering shows crypto payment firms racing to secure regulated rails as tokenized real-world assets move toward mainstream capital markets.