MoonPay acquires SEC-registered North Capital in $60M all-stock deal
MoonPay has agreed to acquire North Capital, an SEC-registered broker-dealer and transfer agent, in an all-stock deal valued at $60 million, CEO Ivan Soto-Wright said. The acquisition adds regulated private-securities, distribution and transfer-agent infrastructure to support MoonPay's push for mass adoption of tokenized real-world assets.
- North Capital operates as a statutory distributor and agency broker for private funds, registered funds, REITs and exempt securities.
- Terms beyond the all-stock consideration were not disclosed.
Sources
- JUST IN: @MoonPay acquires private markets platform @NorCap for $60M+ in stock, gaining SEC-registered broker-dealer and transfer agent infrastructure to support its tokenized real-world asset ambitions. https://t.co/2zPtGwsL6rx.com ↗
- MoonPay to acquire SEC-registered North Capital in $60 million all-stock dealcoindesk.com ↗
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