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MoonPay to acquire SEC-registered North Capital in $60 million all-stock deal
The all-stock deal adds North Capital’s regulated broker-dealer and trading infrastructure as MoonPay expands beyond crypto payments.
- On Wednesday, cryptocurrency payments company MoonPay announced a definitive merger agreement to acquire North Capital Investment Technology, Inc. to support its tokenization efforts.
- This acquisition is the latest in MoonPay's buying spree this year as the company expands beyond crypto payments, following earlier purchases of Sodot, DFlow, and Entendre.
- Sources familiar with the matter told CoinDesk the all-stock deal is worth over $60 million; North Capital's platform has supported more than $8.7 billion in volume and offers more than 1,250 approved assets.
- MoonPay CEO and founder Ivan Soto-Wright said the company is "building the regulatory foundation to support mass adoption of tokenized real-world assets" to connect different parts of the financial system.
- The transaction remains subject to customary closing conditions and regulatory approvals, as North Capital's operating businesses include SEC-registered broker-dealers, a transfer agent, and an investment adviser.
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MoonPay acquires North Capital in agreement only with shares, above $60 million, and advances in tokenized securities
MoonPay has announced the acquisition of North Capital, investment platform for private markets, in a transaction entirely in shares valued over 60 million dollars. The understanding is still subject to the approval of regulatory authorities. Key points MoonPay's acquisition of North Capital is a transaction all in shares valued over 60 million dollars. [...]
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