MoonPay acquires North Capital to expand into tokenized stocks

Crypto payments firm MoonPay said it will acquire North Capital Investment Technology, a Utah-based U.S. securities services provider, Fortune reported. The deal value was not disclosed, but sources said it was an all-stock transaction worth more than $60 million. North Capital holds U.S. SEC-related licenses including broker-dealer, alternative trading system, and transfer agent registrations, which MoonPay plans to use to expand its securities business into areas including tokenized stocks.