MoonPay to Acquire North Capital in $60M Deal to Expand Tokenization

MoonPay to Acquire North Capital in $60M Deal to Expand Tokenization

Wed, September 23, 2026 at 6:21 PM GMT+3 2 min read

Cryptocurrency payments firm MoonPay is set to acquire private-markets infrastructure platform North Capital in an all-stock deal worth more than $60 million as the company expands into tokenized assets.

The transaction will make North Capital a wholly owned subsidiary of MoonPay once it closes, according to a Wednesday announcement. The deal remains subject to regulatory approval and other customary closing conditions.

Salt Lake City-based North Capital provides technology and regulated financial services for private securities issuers, fund managers, intermediaries and investors. Its platform has handled more than $8.7 billion in primary and secondary transaction volume.

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The company supports capital raising, asset management, clearing, custody and secondary trading. Its businesses include SEC-registered broker-dealers, a transfer agent, an investment adviser and PPEX, a registered alternative trading system with more than 1,250 approved assets available for secondary-market trading.

"All financial markets are becoming more technology-driven, but the infrastructure supporting them is still fragmented across different tech stacks, providers, and workflows," MoonPay CEO and founder Ivan Soto-Wright said.

MoonPay has been moving beyond its traditional crypto payments business. In May, it launched Trade, a platform aimed at connecting banks and fintech companies with tokenized assets, decentralized finance protocols and stablecoin liquidity.

MoonPay has also acquired Solana (CRYPTO: $SOL) trading infrastructure provider DFlow and crypto security startup Sodot earlier this year.

In July, MoonPay added the Discover Network to its payment options, allowing eligible Discover cardholders to buy and sell cryptocurrencies through the platform. Discover joins Visa (NYSE: $V) and Mastercard (NYSE: $MA) as the third major U.S. card network supported by MoonPay, which also offers Apple Pay (NASDAQ: $AAPL) and PayPal (NASDAQ: $PYPL) as payment methods.

MoonPay is a privately held company. The company has not announced or filed for an initial public offering (IPO), though there have been reports that NYSE owner ICE (NYSE: $ICE) has shown interest in investing in the firm.