MoonPay, a crypto payments company, agreed to acquire private-markets infrastructure provider North Capital, expanding into regulated US securities infrastructure as it builds out services for tokenized real-world assets (RWAs).
The acquisition would allow MoonPay to expand into the issuance, custody and secondary trading of private securities, including tokenized securities, the company said in an announcement shared with Cointelegraph on Wednesday.
MoonPay’s all-stock deal to acquire North Capital is worth more than $60 million, a person familiar with the matter told Cointelegraph. MoonPay CEO Ivan Soto-Wright said the acquisition would help the company connect parts of the financial system through “modern, programmable infrastructure.”
The Midvale, Utah company last raised money in October 2021, in a $2.18 million seed round at an unspecified valuation, according to data compiled by Traxcn. Investors include Karlani Capital…
