UNITED STATES OF AMERICA —Cryptocurrency and payment infrastructure provider MoonPay has signed a definitive merger agreement to acquire North Capital Investment Technology. Under the terms of the transaction, North Capital will operate as a wholly owned subsidiary of MoonPay, integrating its registered entities into MoonPay's broader financial services platform. The deal includes North Capital's broker-dealers, transfer agent, investment adviser, and its SEC-registered Alternative Trading System, PPEX ATS. The transaction has received unanimous approval from the boards of directors of both entities and is expected to close following customary regulatory approvals and closing conditions.
MoonPay is a financial technology company headquartered in Miami, Florida, that builds payment and fiat-to-crypto infrastructure for digital assets and Web3 applications. North Capital Investment Technology is a financial software and services provider that delivers API-driven infrastructure, capital raising tools, custody solutions, and secondary market trading platforms for private placement securities and tokenized assets.
The acquisition establishes a unified financial stack connecting traditional fiat payments, digital assets, and regulated private securities. North Capital brings a operational platform that has facilitated over $8.7 billion in transaction volume and maintains listings for more than 1,250 approved secondary trading assets on PPEX ATS. By absorbing these regulated entities, MoonPay avoids building private securities framework from scratch, gaining immediate access to established capital raising, subscription escrow, and clearing capabilities tailored for exempt securities and real-world asset tokenization.
This strategic transaction reflects an ongoing industry trend toward the convergence of digital asset rails and traditional financial market infrastructure. For institutional investors, capital issuers, and financial intermediaries, combining broker-dealer services with crypto payment systems simplifies the lifecycle management of tokenized real-world assets. As regulatory frameworks around digital securities tighten globally, fintech companies operating in capital markets are increasingly prioritizing licensed infrastructure to secure market share in institutional private market transactions.
