MoonPay Agrees to Buy North Capital and Its SEC-Registered Securities Brokerage

The crypto payments company would take on North Capital’s broker-dealers, trading venue and transfer agent as it moves into tokenized securities, pending regulatory approval.

MoonPay to buy an SEC-registered securities brokerage

Posted September 23, 2026 at 12:10 pm EST.

MoonPay built its business moving money between bank accounts and crypto wallets for more than 35 million customers. On Wednesday, the crypto payments company agreed to buy a firm that brokers securities and runs a venue for trading them.

MoonPay signed a definitive merger agreement for North Capital Investment Technology, a Utah company whose platform handles capital raising, custody and secondary trading for private securities, including tokenized ones. Once the deal closes, North Capital will operate as a wholly owned MoonPay subsidiary.

Neither company disclosed a price. MoonPay is paying more than $60 million, entirely in stock, a person familiar with the deal told Fortune.

What North Capital Holds

North Capital’s regulated units include two SEC-registered broker-dealers, a transfer agent, an investment adviser and the PPEX alternative trading system. PPEX lists more than 1,250 approved assets for secondary trading, and North Capital’s platform has handled over $8.7 billion in transactions across new issues and secondary trades, according to the release.