TLDR
- MoonPay is acquiring North Capital, a private-markets investment platform, in an all-stock deal worth over $60 million
- North Capital is SEC-registered with broker-dealer, trading, transfer, and investment advisory licenses
- The deal supports MoonPay’s push into tokenized real-world assets (RWAs)
- North Capital has processed around $9 billion in primary and secondary transaction volume
- The acquisition is part of MoonPay’s broader buying spree in 2026, following purchases of DFlow, Sodot, and Entendre
MoonPay is buying North Capital, an SEC-registered private-markets platform, for over $60 million in an all-stock deal aimed at expanding into tokenized real-world assets.
MoonPay to Acquire North Capital for Over $60 Million to Expand Tokenized Real-World Asset Business
MoonPay plans to acquire private-markets investment platform North Capital in an all-stock transaction valued at over $60 million, subject to regulatory approval. North Capital… pic.twitter.com/NHegf15D8b
— Wu Blockchain (@WuBlockchain) September 23, 2026
MoonPay plans to expand into tokenized securities by acquiring North Capital, a regulated US investment infrastructure provider, as the crypto payments company moves beyond its original business.
The deal, valued at more than $60 million and structured as an all-stock transaction, was announced Wednesday. Both companies’ boards have approved the acquisition, which still needs regulatory sign-off before it closes.
What North Capital Brings to MoonPay
North Capital, based in Midvale, Utah, operates broker-dealers, an alternative trading system, a transfer agent, and an investment advisory business. All are registered with the US Securities and Exchange Commission.
The company has supported over $8.7 billion in primary and secondary transaction volume. It provides technology infrastructure for tokenizing securities, helping private issuers and fund managers with capital raising, asset management, clearing, custody, and secondary trading.
After the deal closes, North Capital will become a wholly owned subsidiary of MoonPay.
MoonPay CEO Ivan Soto-Wright said the acquisition will help the company “connect different parts of the financial system through modern, programmable infrastructure.”
MoonPay’s Broader Push Into Tokenization
MoonPay has been on an active acquisition run this year. Earlier deals included key management company Sodot, onchain trading infrastructure platform DFlow, and AI finance operations platform Entendre.
The company also launched its Trade platform to connect banks and fintechs to tokenized assets, DeFi protocols, and stablecoin liquidity.
MoonPay is currently valued at $3.4 billion, according to data from Traxcn. Its last fundraising round was a $2.18 million seed in October 2021. Investors include Karlani Capital and Fiduciary Trust International.
Tokenization involves representing real-world assets like equities, bonds, and commodities as tokens on a blockchain. It has become one of the most discussed use cases for blockchain technology among traditional financial institutions.
The North Capital deal gives MoonPay direct access to SEC-registered infrastructure, which the company says will form the regulatory foundation it needs to support mass adoption of tokenized real-world assets.
Soto-Wright said the move brings capabilities into the MoonPay ecosystem that can serve both crypto-native users and traditional financial market participants.
The acquisition is expected to allow MoonPay to offer issuance, custody, and secondary trading of private and tokenized securities once it clears regulatory approval.
No timeline for closing was given in the announcement.
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