MoonPay has acquired North Capital Investment Technology for $60 million. The deal marks MoonPay's entry into tokenized securities — a field where stocks and other assets are packaged as tokens on the blockchain.
MoonPay is a global firm that specializes in fiat-to-crypto conversions. North Capital is a Utah-based company that offers back-end brokerage services. It also provides tools to tokenize debt, equity, and other assets.
Why MoonPay Is Buying North Capital
The acquisition gives MoonPay the regulatory and brokerage infrastructure it needs to offer tokenized securities. MoonPay announced the deal on Wednesday.
According to the original story, MoonPay said it is "building the regulatory foundation to support mass adoption of tokenized real-world assets." The company believes bringing North Capital's capabilities into the MoonPay ecosystem can help connect different parts of the market.
"At MoonPay, we're building the regulatory foundation to support mass adoption of tokenized real-world assets and we believe bringing [North Capital's] capabilities into the MoonPay ecosystem can help connect different..."
Tokenized Securities Are Becoming a Major Financial Story
The trend of packaging stocks and other assets as tokens on the blockchain has emerged as a major financial story in 2026. In recent months, firms like Robinhood and Kraken have ramped up their offerings of tokenized securities.
MoonPay's move signals it intends to compete in this space. The company is not starting from scratch — it is buying an established brokerage technology firm to get there faster.
- MoonPay acquired North Capital Investment Technology for $60 million
- North Capital provides back-end brokerage services and tokenization tools
- North Capital is based in Utah
- MoonPay specializes in fiat-to-crypto conversions
- Robinhood and Kraken have already ramped up tokenized securities offerings
Our Take: MoonPay Is Buying Its Way Into a Crowded Race
To put it plainly, MoonPay is late to the tokenized securities party. Robinhood and Kraken have already made moves. But buying North Capital is a smart shortcut. Instead of building brokerage infrastructure from zero, MoonPay gets a ready-made system that already handles tokenization of debt and equity.
The $60 million price tag shows MoonPay is serious. This is not a small experiment. The company wants to be a real player in tokenized real-world assets.
What does this mean for regular investors? More competition in tokenized securities could mean better products and lower fees over time. But it also means more firms are pushing to put traditional assets on the blockchain — a trend regulators will be watching closely.
In our view, the real question is not whether MoonPay can build the technology. North Capital already has that. The question is whether MoonPay can navigate the regulatory landscape for tokenized securities. That is where the company says it is focusing — building the "regulatory foundation" for mass adoption. If MoonPay gets that right, this $60 million deal could look cheap in hindsight.
For now, the acquisition is a clear signal: tokenized securities are no longer a niche idea. Major players are spending real money to get in.
