MoonPay plans to acquire North Capital for over $60 million to expand its tokenized securities business

MoonPay announced the acquisition of North Capital Investment Technology, a Utah based brokerage services company, for a transaction amount exceeding $60 million. North Capital holds multiple licenses from the US Securities and Exchange Commission, including brokerage firms, alternative trading systems, transfer agents, and investment advisors. MoonPay plans to expand its tokenized stock and other businesses through these licenses. (Source: Fortune)