MoonPay Acquires North Capital to Integrate Private Securities Markets with Onchain Infrastructure
Event summary
- MoonPay to acquire North Capital, a private-markets infrastructure platform, for undisclosed terms.
- North Capital's SEC-registered brokerage and investment advisory businesses will integrate into MoonPay's global financial infrastructure.
- North Capital's platform has supported $8.7B in transaction volume, with PPEX ATS offering 1,250+ approved assets for secondary trading.
- Transaction subject to regulatory approvals and customary closing conditions, expected to close in late 2026.
The big picture
MoonPay's acquisition of North Capital signals a push to unify fragmented financial markets through programmable infrastructure. The deal aligns with broader industry trends toward tokenization and regulatory compliance, positioning MoonPay to capture a larger share of the onchain capital markets. With North Capital's $8.7B transaction volume and SEC-registered entities, the combined entity aims to bridge traditional and digital asset ecosystems.
What we're watching
- Integration Challenges
- How MoonPay will merge North Capital's private securities capabilities with its existing onchain infrastructure.
- Regulatory Scrutiny
- Whether the SEC and other regulators will approve the deal without imposing additional conditions.
- Market Expansion
- The pace at which MoonPay can leverage North Capital's technology to accelerate adoption of tokenized real-world assets.
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