MoonPay has signed an agreement to acquire North Capital Investment Technology, a Utah-based provider of regulated securities infrastructure, as the crypto payments company deepens its strategy around tokenized real-world assets.

The companies announced the agreement on September 23. Financial terms were not disclosed in the announcement, though separate reporting valued the all-stock transaction at more than $60 million. The deal remains subject to regulatory approval before it can close.

Regulated Securities Capabilities

North Capital operates a range of regulated financial businesses that could strengthen MoonPay's position in U.S. securities markets. Its affiliates include SEC-registered broker-dealers, an alternative trading system, a transfer agent, and an investment adviser.

Those functions map directly onto how tokenized securities would operate in the United States: broker-dealers handle brokerage activity, transfer agents maintain the official ownership records for securities, and alternative trading systems offer venues for secondary trading outside traditional exchanges.

The company has supported more than $8.7 billion in primary and secondary transaction volume, and its PPEX alternative trading system lists more than 1,250 approved assets for secondary-market trading.

For MoonPay, those capabilities could provide the infrastructure needed to support tokenized securities without building every regulated function from scratch.

Beyond Crypto Payments

The acquisition follows MoonPay's broader move into financial infrastructure. The company has been expanding beyond its core crypto payment services into tokenized assets, decentralized finance, and stablecoin liquidity.

Earlier this year, MoonPay launched its Trade platform to connect banks and fintech companies with tokenized assets and onchain financial markets. It has also completed acquisitions aimed at expanding its trading, custody, and financial-operations capabilities.

North Capital adds another key piece: regulated access to securities markets. That access could become increasingly relevant as financial firms explore blockchain-based versions of stocks, funds, and other assets — offerings that in the U. generally run through the same categories of licensed intermediaries North Capital already operates.

The companies said their boards unanimously approved the transaction. North Capital will become a wholly owned MoonPay subsidiary after closing.

MoonPay CEO Ivan Soto-Wright said the combination could help connect financial markets through programmable infrastructure.

The next major step is regulatory approval, followed by the challenge of converting the newly combined infrastructure into meaningful transaction activity.