MoonPay Acquires North Capital for $60M to Expand into Asset Tokenization

Key Facts

In a move reflecting the growing trend of integrating traditional assets with digital infrastructure, MoonPay has announced the acquisition of Utah-based North Capital Investment Technology. According to reports, the deal was valued at approximately $60 million in an all-stock transaction, aimed at leveraging North Capital's back-end brokerage services. This acquisition is designed to enable MoonPay to expand into the tokenization of debt, equity, and other assets through modern, programmable infrastructure.

The acquisition is strategically significant due to North Capital’s extensive portfolio of SEC licenses, covering broker-dealer activities and Alternative Trading Systems (ATS). These licenses allow MoonPay to legally offer tokenized stock management services to its clients, particularly following recent regulatory exemptions for innovators in the space. This positioning places MoonPay in direct competition with major firms like Robinhood and Kraken, which have also ramped up their tokenized securities offerings per market data.

Looking ahead, while specific instrument price data is unavailable as of the close on September 23, 2026, market focus remains on MoonPay's ability to integrate North Capital’s platform to facilitate tokenized asset trading. Traders are also monitoring the broader impact of recent monetary policy, as economic calendar data shows the Federal Reserve raised interest rates to 4% on September 16, which could influence financing costs for fintech firms and the overall growth trajectory of the digital asset sector.