MoonPay to acquire SEC-registered North Capital in $60M all-stock deal

MoonPay is adding another acquisition to its growing list. The Miami-based payments company plans to acquire North Capital, an SEC-registered firm, in an all-stock deal valued at $60 million. It is the latest in a string of purchases that signals MoonPay is serious about becoming the financial plumbing behind institutional crypto. The deal is structured entirely in stock, meaning no cash changes hands. That approach preserves MoonPay’s liquidity while letting North Capital’s shareholders bet on MoonPay’s long-term trajectory instead of cashing out. Why an SEC-registered firm matters MoonPay already holds a New York BitLicense and a Limited Purpose Trust Charter, two of the harder-to-obtain licenses in the US financial landscape. Adding an SEC-registered entity to that stack gives MoonPay a broader regulatory footprint and opens doors to services that require broker-dealer or investment adviser oversight. MoonPay launched MoonPay Institutional in April 2026, a direct signal that the company’s ambitions had moved well beyond helping retail users buy Bitcoin with a credit card. The North Capital deal is the infrastructure purchase that makes that institutional pitch more than a market...