MoonPay to Acquire North Capital for Over $60 Million to Expand Tokenized Real-World Asset...

MoonPay to Acquire North Capital for Over $60 Million to Expand Tokenized Real-World Asset BusinessMoonPay plans to acquire private-markets investment platform North Capital in an all-stock transaction valued at over $60 million, subject to regulatory approval. North Capital will become a wholly owned MoonPay subsidiary upon closing.North Capital has processed approximately $9 billion in primary and secondary market transactions. Its affiliates hold relevant SEC registrations and provide infrastructure for securities tokenization, fundraising, asset management, clearing, custody and secondary trading. MoonPay said the acquisition will support its expansion into tokenized real-world assets.

Source: Wu Blockchain