MoonPay Secures North Capital in $60M Stock Deal to Enter Tokenized Securities Market

Key Highlights

• MoonPay has agreed to purchase North Capital, an SEC-regulated private investment platform, through an all-stock transaction exceeding $60 million
• North Capital holds SEC registration as a broker-dealer with licenses spanning trading, transfer agent services, and investment advisory operations
• This strategic acquisition advances MoonPay’s expansion into tokenized real-world assets (RWAs)
• North Capital’s platform has facilitated approximately $9 billion in combined primary and secondary market transactions
• This transaction continues MoonPay’s aggressive 2026 acquisition strategy, which already includes DFlow, Sodot, and Entendre

MoonPay has reached a definitive agreement to acquire North Capital, a Securities and Exchange Commission-registered private markets infrastructure provider, in an all-stock transaction valued at more than $60 million as it accelerates its push into tokenized real-world assets.

The crypto payments leader is pivoting toward tokenized securities through this strategic acquisition of North Capital, which provides comprehensive regulated investment infrastructure across the United States, marking a significant evolution from its core payment processing operations.

Announced on Wednesday, the transaction worth over $60 million consists entirely of stock consideration. The boards of directors at both organizations have granted approval for the merger, though the deal remains contingent upon receiving necessary regulatory clearances.

North Capital’s Regulatory Infrastructure and Capabilities

Headquartered in Midvale, Utah, North Capital maintains a comprehensive suite of SEC-registered financial services including broker-dealer operations, an alternative trading system (ATS), transfer agent services, and investment advisory capabilities.

The platform has facilitated more than $8.7 billion in transaction volume across primary issuances and secondary market activity. North Capital delivers technological solutions for securities tokenization, enabling private issuers and fund managers to access capital raising tools, asset management systems, clearing and custody services, and secondary market trading capabilities.

Upon completion, North Capital will operate as a fully owned subsidiary under the MoonPay corporate structure.

Ivan Soto-Wright, Chief Executive Officer of MoonPay, explained that this acquisition positions the company to “connect different parts of the financial system through modern, programmable infrastructure.”

Strategic Expansion Through Active M&A Activity

MoonPay has pursued an aggressive acquisition strategy throughout this year. Previous transactions have included the purchase of key management provider Sodot, blockchain trading infrastructure developer DFlow, and artificial intelligence finance operations platform Entendre.

The company recently introduced its Trade platform, designed to bridge traditional banks and fintech companies with tokenized assets, decentralized finance protocols, and stablecoin liquidity pools.

According to Traxcn data, MoonPay maintains a valuation of $3.4 billion. The company’s most recent funding event was a $2.18 million seed round completed in October 2021, with backing from investors including Karlani Capital and Fiduciary Trust International.

Tokenization refers to the process of converting traditional real-world assets—such as stocks, bonds, and physical commodities—into blockchain-based digital tokens. This application has emerged as a leading blockchain use case attracting significant interest from established financial institutions.

Through the North Capital acquisition, MoonPay gains immediate access to fully SEC-registered infrastructure, establishing what the company describes as the essential regulatory framework required to drive widespread adoption of tokenized real-world assets.

Soto-Wright emphasized that this strategic move integrates capabilities that can serve both cryptocurrency-native participants and conventional financial market stakeholders within the MoonPay platform.

Following regulatory approval, the acquisition is anticipated to enable MoonPay to deliver comprehensive services including issuance, custodial solutions, and secondary trading for both private and tokenized securities.

The companies did not disclose a specific timeline for transaction completion in their public announcement.