MoonPay to Acquire North Capital for Over $60 Million in Stock

VERA Brief

AI-generated. Grounded in the article and its cited sources.

MoonPay plans to acquire North Capital in an all-stock transaction valued at over $60 million. This acquisition is intended to support MoonPay's expansion into tokenized real-world assets and securities by leveraging North Capital's existing infrastructure.

Key facts

• MoonPay is acquiring North Capital in an all-stock transaction.
• The acquisition is valued at over $60 million.
• The deal aims to bolster MoonPay's expansion into tokenized real-world assets and securities.
• North Capital's infrastructure includes broker-dealer and trading capabilities.
• The acquisition is intended to facilitate the widespread adoption of tokenized real-world assets.