MoonPay plans to acquire North Capital for over 60 million USD, laying out a strategy for tokenized securities

According to Fortune, MoonPay announced the acquisition of North Capital Investment Technology, a brokerage service company based in Utah, USA, which provides custody, secondary market trading, and asset tokenization services for debt, equity, and other assets.

MoonPay did not disclose the transaction amount, but sources familiar with the matter revealed that the deal is an all-stock transaction valued at over $60 million. North Capital holds several licenses related to the U.S. Securities and Exchange Commission (SEC), including broker-dealer, alternative trading system (ATS), transfer agent, and investment advisor licenses. MoonPay plans to leverage this to expand its tokenization business for stocks and more.