MoonPay Acquires North Capital for Over $60 Million
- MoonPay’s acquisition of North Capital is valued at over $60 million, in an all-stock deal.
- This move allows MoonPay to enter the issuance and trading of tokenized securities.
- North Capital has facilitated over $8.7 billion in transaction volume and is registered with the SEC.
- MoonPay is currently valued at $3.4 billion, having last raised funds in October with a $2.18 million seed round.
- The acquisition is part of MoonPay’s strategy to expand beyond crypto payments, following several other acquisitions this year.
The acquisition of North Capital will enhance MoonPay’s capabilities in regulated US securities infrastructure, supporting services for tokenized real-world assets. This strategic move aligns with MoonPay’s goal to integrate modern financial systems through advanced infrastructure.
With this deal, MoonPay aims to leverage North Capital’s expertise, which has handled transactions exceeding $8.7 billion, further solidifying its position in the evolving financial landscape.
