MoonPay Acquires North Capital for $60M to Enter Tokenized Securities Market

Key Highlights

Table of Contents

MoonPay has entered a $60 million all-stock agreement to acquire North Capital, a regulated private-markets investment platform
North Capital holds multiple SEC registrations including broker-dealer, alternative trading system, transfer agent, and investment advisory licenses
The acquisition strengthens MoonPay’s strategic expansion into tokenized real-world assets (RWAs)
North Capital’s platform has facilitated approximately $9 billion in primary and secondary market transactions
This deal represents MoonPay’s latest strategic acquisition in 2026, joining previous purchases of DFlow, Sodot, and Entendre

MoonPay has announced the acquisition of North Capital, a fully SEC-registered private-markets infrastructure provider, through an all-stock transaction exceeding $60 million as part of its strategic pivot toward tokenized real-world assets.

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

MoonPay 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… pic.twitter.com/NHegf15D8b

— Wu Blockchain (@WuBlockchain) September 23, 2026

The cryptocurrency payments leader is positioning itself to enter the tokenized securities sector through this strategic purchase of North Capital, marking a significant departure from its core business model into regulated investment infrastructure.

Wednesday’s announcement detailed the transaction, which carries a valuation exceeding $60 million in stock consideration. The boards of both organizations have granted approval, though the deal remains contingent upon receiving necessary regulatory clearances.

North Capital’s Strategic Value

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

The platform has facilitated more than $8.7 billion in combined primary and secondary market transaction volume. Its technology infrastructure enables securities tokenization and supports private issuers and fund managers across capital formation, asset administration, clearing operations, custody solutions, and secondary market trading.

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

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

Aggressive Expansion Strategy Into Asset Tokenization

MoonPay has pursued an aggressive acquisition strategy throughout the current year. Previous strategic purchases included Sodot, a key management solutions provider, DFlow, an onchain trading infrastructure company, and Entendre, an AI-powered finance operations platform.

The company has also introduced its Trade platform, designed to integrate banks and fintech companies with tokenized assets, decentralized finance protocols, and stablecoin liquidity pools.

According to Traxcn data, MoonPay currently maintains a corporate valuation of $3.4 billion. The company’s most recent capital raise was a $2.18 million seed round completed in October 2021, backed by investors including Karlani Capital and Fiduciary Trust International.

Asset tokenization—the process of creating blockchain-based digital representations of traditional assets such as equities, fixed income securities, and commodities—has emerged as a leading blockchain application among established financial institutions.

Through the North Capital transaction, MoonPay gains immediate access to comprehensive SEC-registered infrastructure, which management indicates will establish the regulatory framework necessary to drive widespread adoption of tokenized real-world assets.

Soto-Wright emphasized that this strategic move introduces capabilities to the MoonPay platform that can accommodate both cryptocurrency-native participants and conventional financial market stakeholders.

Following regulatory approval, the acquisition is anticipated to enable MoonPay to provide issuance services, custody solutions, and secondary trading capabilities for both private and tokenized securities.

The companies have not disclosed a projected closing date in their public announcement.

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