MoonPay Acquires North Capital for $60 Million to Enhance Tokenization
- MoonPay will acquire North Capital, a private-markets investment platform, in an all-stock deal valued at over $60 million.
- North Capital has facilitated approximately $9 billion in primary and secondary transaction volume.
- The acquisition aims to support MoonPay’s goal of mass adoption of tokenized real-world assets, according to CEO Ivan Soto-Wright.
- North Capital holds necessary broker-dealer and investment advisory registrations with the U.S. Securities and Exchange Commission (SEC).
- This move expands MoonPay’s services beyond crypto payments into areas like capital raising and asset management.
The acquisition of North Capital is a strategic step for MoonPay as it seeks to build a regulatory framework for tokenization efforts, enhancing its capabilities in connecting various financial systems through modern infrastructure.
With this deal, MoonPay aims to integrate North Capital’s expertise in securities tokenization, which could significantly bolster its operations following the closure of the transaction valued at over $60 million.
