MoonPay plans to acquire North Capital for over $60 million

Fintech company MoonPay has signed an agreement to acquire North Capital Investment Technology in an all stock transaction worth over $60 million. After the transaction is completed, North Capital will become a wholly-owned subsidiary of MoonPay, and its securities brokerage, investment advisory, and clearing capabilities will be integrated into MoonPay's infrastructure. The North Capital platform has facilitated a total of $8.7 billion in primary and secondary transactions, with PPEX ATS supporting over 1250 asset secondary transactions. The transaction has been approved by the board of directors of both parties, but it still needs to meet the delivery conditions and obtain regulatory approval. (Source: Bitcoin.com News)