MoonPay Agrees To Buy North Capital In Push Into Tokenized Securities

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR MoonPay has signed a definitive agreement to acquire private-markets infrastructure company North Capital. North Capital brings registered broker-dealers, an alternative trading system, transfer-agent operations and investment-advisory infrastructure. The acquisition has been agreed but has not yet closed. MoonPay is making a much bigger move into regulated securities infrastructure. The crypto payments company has entered into a definitive merger agreement to acquire North Capital Investment Technology, a private-markets platform that combines software with regulated brokerage and trading businesses. The deal gives MoonPay something it would take years to build from scratch: an existing regulatory stack for private and tokenized securities. North Capital Brings More Than An API North Capital supports capital raising, asset management, clearing, custody and secondary trading for exempt securities. Its infrastructure includes investor onboarding, transaction processing, subscription escrow and PPEX, a registered alternative trading system. MoonPay says the platform has supported...