MoonPay to Acquire North Capital in $60M Deal to Expand Tokenized Securities Push
- —Deal valued at over $60 million, paid in stock
- —North Capital has processed $8.7 billion in transaction volume; its PPEX ATS supports 1,250+ assets
- —Includes SEC-registered broker-dealers, an ATS, a transfer agent and an investment advisor
- —Completion remains subject to regulatory approvals
Why it matters: The acquisition gives a crypto-native firm regulated market infrastructure for tokenizing private securities, underscoring TradFi-crypto convergence.
Source: Cryptonews.net