MoonPay to Acquire North Capital for $60M, Expanding Tokenized Securities

Published: 2026-09-23 15:15:05 |

MoonPay has agreed to acquire US private-markets infrastructure provider North Capital in an all-stock deal valued at more than $60 million. The acquisition is subject to regulatory approval and other customary closing conditions. North Capital operates SEC-registered broker-dealers, an alternative trading system, a transfer agent and an investment adviser. It has supported more than $8.7 billion in primary and secondary transactions involving private equity, private debt and other assets. The deal would allow MoonPay to expand into regulated private securities, including the issuance, custody and secondary trading of tokenized real-world assets (RWAs). North Capital is expected to become a wholly owned MoonPay subsidiary after completion. The transaction supports MoonPay’s broader move beyond crypto payments and into institutional digital-asset infrastructure. Earlier acquisitions of key-management firm Sodot, Solana trading platform DFlow and AI finance platform Entendre added custody, onchain trading and financial-operations capabilities. For crypto traders, the MoonPay acquisition is strategically positive for tokenized securities and the RWA sector. However, its immediate impact on BTC, ETH and other major cryptocurrencies is likely to be limited. Regulatory approval, integration and the launch of commercially viable tokenized-securities products will be the key longer-term catalysts.

Neutral

The acquisition strengthens MoonPay’s position in regulated tokenized securities and real-world assets, which could support long-term institutional adoption of blockchain infrastructure. However, the transaction does not directly change the supply, demand or utility of BTC, ETH or SOL. It is also subject to regulatory approval, integration risks and the uncertain commercial growth of tokenized private markets. In the short term, traders are unlikely to view the deal as a major price catalyst for leading cryptocurrencies. Market reactions may be limited to increased interest in RWA-related projects and digital-asset infrastructure stocks or tokens, if any are directly linked. Over the longer term, successful product launches and broader regulatory acceptance could improve sentiment across the tokenization sector, but the immediate cryptocurrency price impact remains neutral.