Tokenization · SEC · CoinDesk
MoonPay to acquire SEC-registered North Capital in $60 million all-stock agreement
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Cryptocurrency payments company MoonPay is set to acquire private-markets investment platform North Capital to support its tokenization efforts, according to an emailed announcement Wednesday.
Key facts
- Salt Lake City, Utah-based North Capital, whose platform boasts around $9 billion in primary and secondary transaction volume, will become a wholly owned subsidiary of MoonPay after the transaction
- The all-stock deal is worth over $60 million, told CoinDesk
- North Capital’s affiliates hold relevant broker-dealer, trading, transfer and investment advisory registrations with the U.S. Securities and Exchange Commission (SEC)
- Cryptocurrency payments company MoonPay is set to acquire private-markets investment platform North Capital to support its tokenization efforts, according to an emailed announcement Wednesday
Summary
MoonPay plans to acquire North Capital, a private-markets investment platform with about $9 billion in transaction volume, in an all-stock deal valued at more than $60 million. The acquisition, which is subject to regulatory approval, would add North Capital’s securities-tokenization infrastructure and regulatory registrations to MoonPay’s operations. The deal advances MoonPay’s expansion beyond cryptocurrency payments into tokenized assets, decentralized finance and stablecoin liquidity. Salt Lake City, Utah-based North Capital, whose platform boasts around $9 billion in primary and secondary transaction volume, will become a wholly owned subsidiary of MoonPay after the transaction closes, subject to regulatory approval.