MoonPay to Buy North Capital in $60M Tokenization Push

MoonPay is set to acquire North Capital, a private-markets infrastructure platform, in a transaction valued at $60 million. The cryptocurrency payments firm intends to use the deal to expand its tokenization capabilities, extending its reach beyond payment processing and into blockchain-based representation of assets.

Tokenization has become a growing focus for financial and technology companies because it can create digital records for assets that have historically been harder to transfer. Private markets, which include stakes in companies that are not publicly traded, often rely on manual processes and fragmented record-keeping. Bringing such assets onto distributed ledgers could improve efficiency and broaden investor access over time.

North Capital's infrastructure is designed for private-market transactions, an area that intersects with MoonPay's crypto-native payments business. By combining the two, MoonPay could offer services that connect traditional private-market workflows with digital asset rails. The acquisition also highlights how crypto firms are seeking new revenue streams as competition in payments intensifies.

The deal is expected to be subject to customary closing conditions and any required approvals, as is typical for acquisitions of this kind. If completed, the purchase would add another example of consolidation at the intersection of cryptocurrency infrastructure and private-market technology.