MoonPay agrees to acquire private markets firm North Capital in reported $60 million-plus deal
MoonPay has signed a definitive agreement to acquire North Capital Investment Technology in an all-stock transaction reportedly valued at more than $60 million, expanding its infrastructure for tokenized securities and real-world assets pending regulatory approval.
MoonPay announced on Sept. 23, 2026, that it entered into a definitive merger agreement to acquire Utah-based North Capital Investment Technology. Approved by the boards of both companies, the deal would make North Capital a wholly owned subsidiary of MoonPay upon completion. While reports citing people familiar with the transaction value the all-stock deal at more than $60 million, the companies did not publicly disclose the purchase price or set a firm closing date. The acquisition remains subject to regulatory clearance and other closing conditions, and the companies noted there is no assurance the deal will close.[1][2][3][4][7]
North Capital provides technological and regulated services across private markets, spanning investor onboarding, custody, transaction processing, and investment advisory services. Its regulated business units include SEC-registered broker-dealer operations, a transfer agent, and PPEX, an alternative trading system that facilitates secondary trading for private, exempt, and tokenized securities. Reports indicate North Capital's platform has processed between $8.7 billion and approximately $9 billion in primary and secondary market transactions.[2][7][8][9][10][11]
MoonPay stated that the acquisition will provide the technological and regulatory foundation to expand into tokenized securities and real-world assets, which CEO Ivan Soto-Wright said will support mass market adoption. However, neither company has yet revealed any MoonPay customer-facing securities product, launch timeline, or terms of access to the PPEX venue.[2][3][4][5][6]
Key facts
- MoonPay announced on Sept. 23, 2026, that it signed a definitive agreement to acquire North Capital Investment Technology, approved by the boards of both firms.
- Sources familiar with the transaction report it is an all-stock deal valued at more than $60 million, though the companies did not publicly disclose the purchase price.
- North Capital is set to become a wholly owned MoonPay subsidiary upon completion, but the acquisition remains subject to regulatory approvals and closing conditions.
- North Capital's regulated operations include SEC-registered broker-dealer entities, a transfer agent, an investment adviser, and the PPEX alternative trading system.
- North Capital's infrastructure has executed more than $8.7 billion in trades according to some reports, with another report citing roughly $9 billion in primary and secondary market transactions.
- MoonPay stated the transaction will support its entry into tokenized real-world assets and securities, but no consumer-facing products or venue access terms have been announced.
Sources · 11 sources
- CO
Cointelegraph@CointelegraphPost on X ·
🔥 LATEST: MoonPay has agreed to acquire North Capital in an all-stock deal worth more than $60 million. https://t.co/pb3fn9wly0
Open source - CR
CryptoSlateArticle ·
MoonPay targets $8.7B trading venue, but the features remain unrevealed MoonPay has signed a definitive agreement to buy North Capital Investment Technology, a deal that would bring an existing private-securities trading venue into the crypto payments company's group if it closes. The companies announced the agreement on Sept. 23, and said both boards had approved it. Regulatory approvals and other closing conditions still stand between the agreement and a completed acquisition. For MoonPay customers, the announcement changes nothing about stated access to private-securities trading. It gives no launch date, eligibility rules, or path into the venue. The question for customers is whether MoonPay will eventually offer access to North Capital, and under what terms. What the MoonPay deal would bring North Capital supplies technology and regulated services to private securities issuers, professional intermediaries, fund managers and investors. Its business spans investor onboarding, transaction processing, custody and secondary trading. The subsidiary North Capital Private Securities Corporation is a registered broker-dealer and, according to the company's announcement , operates PPEX, an alternative trading system where eligible securities can trade outside a traditional stock exchange. The SEC's June 30 ATS list named the firm and PPEX before this proposed acquisition. The deal would add an operating securities venue and brokerage business to MoonPay's existing infrastructure for moving money between conventional and digital assets. North Capital also has an investment-advisory business. The companies have yet to describe a MoonPay customer-facing securities product. The regulated entities, trading system and customer interface are distinct pieces of that potential offering, and the announcement describes the first two as existing North Capital capabilities. Related Reading Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca The deal announcement calls for North Capital to become a wholly owned MoonPay subsidiary upon completion. Until then, its businesses remain the target of a proposed transaction. The companies did not disclose the purchase price or provide a firm closing date. MoonPay and North Capital signed a merger agreement, but regulatory approval, closing conditions and customer access remain pending. The key near-term milestone is regulatory clearance and merger completion. MoonPay and North Capital said the transaction also depends on other customary conditions and cautioned that there is no assurance it will close, or when. Even after a close, customers would need a separate announcement explaining what securities could be offered, through which entity, to whom and when. PPEX shows what MoonPay may add to its platform if the deal succeeds: infrastructure for secondary trading in private and other exempt securities, including tokenized securities. The announcement describes existing capability and a plan to combine businesses. MoonPay user access remains a prospective step, with no announced terms. The post MoonPay targets $8.7B trading venue, but the features remain unrevealed appeared first on CryptoSlate .
Open source - CR
CryptoSlate@CryptoSlatePost on X ·
MoonPay has signed a deal to buy North Capital, whose brokerage subsidiary operates the PPEX private-securities trading venue. The acquisition still needs regulatory approval and must meet other closing conditions. If completed, it would add regulated brokerage and secondary trading to MoonPay’s crypto payments business. Customers have no announced access yet: the companies disclosed no product launch date, eligibility rules or purchase price. https://t.co/4fTVF8aoSe
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: MoonPay has agreed to acquire private markets infrastructure platform North Capital in an all-stock deal valued at more than $60 million, a source with direct knowledge of the matter told The Block. North Capital will become a wholly owned subsidiary of MoonPay. The deal prepares MoonPay to provide infrastructure for wider adoption of tokenized real-world assets, the source said.
Open source - CT
Coin TelegraphArticle ·
MoonPay to buy North Capital in all-stock deal worth over $60M MoonPay’s North Capital acquisition adds US broker-dealer, trading and investment infrastructure as it expands into tokenized securities.
Open source - CO
CoindeskArticle ·
MoonPay to acquire SEC-registered North Capital in $60 million all-stock deal The acquisition will support MoonPay’s aim of supporting mass adoption of tokenized real-world assets, CEO Ivan Soto-Wright said.
Open source - LS
Laura Shin@laurashinPost on X ·
MoonPay agreed to buy North Capital, a Utah firm whose regulated units include two SEC-registered broker-dealers, a transfer agent, an investment adviser and the PPEX trading venue. The deal is worth more than $60 million in stock, a person familiar with it told Fortune, and still needs regulatory approval. https://t.co/DTrpp94ksa
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
MOONPAY TO ACQUIRE SEC-REGISTERED NORTH CAPITAL IN ~$60M ALL-STOCK DEAL, ADDING BROKER-DEALER, ATS AND $8.7B IN TRANSACTION VOLUME
Open source - CO
CoinMarketCap@CoinMarketCapPost on X ·
LATEST: 💰 MoonPay agreed to acquire North Capital, adding SEC-registered broker-dealer, ATS, transfer agent and investment adviser businesses to its platform. https://t.co/2sJIEFXhXc
Open source - BS
BSCN@BSCNewsPost on X ·
MoonPay acquires North Capital to Improve Private Markets Infrastructure @MoonPay announces it has acquired North Capital (@norcap), an industry-leading private markets infrastructure provider. The transaction combines SEC-licensed broker-dealer services and API-first technology that have helped execute more than $8.7 billion in trades. This acquisition allows MoonPay to build the regulatory and technological framework needed to enter tokenized private equity and securities.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
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 will become a wholly owned MoonPay subsidiary upon closing. North Capital has processed approximately $9 billion in primary and secondary market transactions. Its affiliates hold relevant SEC registrations and provide infrastructure for securities tokenization, fundraising, asset management, clearing, custody and secondary trading. MoonPay said the acquisition will support its expansion into tokenized real-world assets.
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