MoonPay Acquires North Capital for Over $60 Million to Enter Tokenized Securities

Odaily News: MoonPay has announced the acquisition of North Capital Investment Technology, a Utah-based brokerage services firm that provides custody, secondary market trading, and tokenization services for assets including debt and equity. MoonPay did not disclose the transaction amount, but people familiar with the matter revealed that the deal was an all-stock transaction valued at over $60 million. North Capital holds multiple U.S. Securities and Exchange Commission (SEC)-related licenses, including those for broker-dealers, alternative trading systems (ATS), transfer agents, and investment advisors. MoonPay plans to leverage these to expand into businesses such as tokenized stocks. (Fortune)