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

MoonPay is set to acquire North Capital. Sources familiar with the matter said the all-stock deal is worth over $60 million. An emailed announcement disclosed the planned acquisition Wednesday. North Capital will become a wholly owned MoonPay subsidiary after the transaction closes subject to regulatory approval. North Capital’s platform has around $9 billion in primary and secondary transaction volume. North Capital provides technology infrastructure for tokenizing securities for private securities issuers and fund managers. The infrastructure supports capital raising. It supports asset management. It supports clearing. It supports custody. It supports secondary trading. North Capital’s affiliates hold broker-dealer, trading, transfer and investment advisory registrations with the U.S. Securities and Exchange Commission. Ivan Soto-Wright said the acquisition supports MoonPay’s aim of building a regulatory foundation for mass adoption of tokenized real-world assets. Soto-Wright said the capabilities can help connect parts of the financial system through modern, programmable infrastructure. MoonPay recently expanded beyond crypto payments by establishing its Trade platform. Trade connects banks and fintechs to tokenized assets, decentralized finance protocols and stablecoin liquidity.