MoonPay Acquires SEC-Registered North Capital in $60 Million Stock Deal

MoonPay, a Miami-based payments company, is set to acquire North Capital, an SEC-registered firm, in an all-stock deal valued at $60 million. This acquisition is part of MoonPay's strategy to strengthen its position in the institutional crypto market.

The deal, which is entirely stock-based, allows MoonPay to maintain its liquidity while providing North Capital's shareholders an opportunity to invest in MoonPay's future. North Capital's regulatory registration is significant, as it enhances MoonPay's existing licenses, including a New York BitLicense and a Limited Purpose Trust Charter.

With this acquisition, MoonPay aims to expand its service offerings, which now include custody, payments, and compliant investment products for both retail and institutional clients. The company has been on an acquisition spree, with North Capital being at least the ninth firm it has purchased since 2025.

North Capital brings valuable assets to MoonPay, including two SEC-registered broker-dealers and an alternative trading system for private securities. This infrastructure is crucial for MoonPay's plans to offer tokenized securities, addressing a gap in its service capabilities.

As MoonPay continues to integrate its acquisitions, the focus will be on creating a seamless product experience for users, while navigating the complexities of regulatory compliance in the evolving financial landscape.