MoonPay has entered into a definitive agreement to acquire North Capital Investment Technology in an all-stock transaction valued at more than $60 million. The deal, announced Wednesday, would bring North Capital’s securities-market licenses and technology into MoonPay’s operations as the company advances its work in tokenized real-world assets.

Upon completion, North Capital would become a wholly owned subsidiary of MoonPay. The transaction remains subject to required regulatory approvals and other customary closing conditions. Both companies’ boards of directors have unanimously approved the agreement.

Deal Terms and Strategic Rationale

The all-stock structure means no cash changes hands. Sources familiar with the matter described the value as exceeding $60 million. MoonPay has not publicly disclosed a precise figure.

MoonPay CEO and founder Ivan Soto-Wright said the acquisition supports the company’s goal of building the regulatory foundation needed for broader adoption of tokenized real-world assets. He stated that integrating North Capital’s capabilities into the MoonPay ecosystem can help connect different parts of the financial system through modern, programmable infrastructure.

The move extends MoonPay beyond its core cryptocurrency payments business into regulated securities operations, including issuance, custody, and secondary trading of private and tokenized securities.

North Capital’s Platform and Regulatory Credentials

North Capital, based in Utah, operates as a private-markets investment platform. Its technology and services cover securities tokenization, fundraising, asset management, clearing, custody, and secondary-market trading for debt and equity assets.

The firm and its affiliates hold U.S. Securities and Exchange Commission registrations for broker-dealer activities, an alternative trading system, transfer-agent services, and investment advisory functions. These credentials provide the regulatory infrastructure MoonPay seeks for expanding into tokenized stocks and other securities.

North Capital has supported roughly $9 billion in primary and secondary market transaction volume. One related platform, PPEX, lists more than 1,250 approved assets available for secondary trading.

Context of MoonPay’s Expansion

The acquisition fits a pattern of recent purchases by MoonPay as it develops broader financial-market infrastructure. Earlier this year the company launched a Trade platform designed to connect banks and fintechs with tokenized assets, decentralized finance protocols, and stablecoin liquidity. It has also acquired other firms active in related technology areas.

By absorbing an SEC-registered entity rather than merely partnering with one, MoonPay gains direct control of the licenses and compliance framework required for certain securities activities. The combination aims to position the company deeper within onchain capital markets while remaining within existing U.S. regulatory bounds.

Completion of the transaction depends on clearance from U.S. regulators. No specific closing timeline has been announced.