MoonPay has agreed to acquire private-markets infrastructure provider North Capital, a move that expands the crypto payments company into regulated U.S. securities infrastructure as it develops services for tokenized real-world assets. The acquisition would give MoonPay access to the issuance, custody and secondary trading of private securities, including tokenized securities, according to an announcement shared with Cointelegraph on Wednesday. According to Cointelegraph, MoonPay’s all-stock deal to buy North Capital is worth more than $60 million, based on a person familiar with the matter. MoonPay CEO Ivan Soto-Wright said the transaction would help the company connect parts of the financial system through “modern, programmable infrastructure.” North Capital, based in Midvale, Utah, last raised money in October 2021 in a $2.18 million seed round at an unspecified valuation, according to data compiled by Traxcn. Investors included Karlani Capital and Fiduciary Trust International, while MoonPay is currently valued at $3.4 billion, according to Traxcn.

North Capital’s businesses include broker-dealers, an alternative trading system, a transfer agent and an investment adviser, all registered with the US Securities and Exchange Commission. The company has supported more than $8.7 billion in primary and secondary transaction volume, according to the announcement. After the transaction closes, North Capital will become a wholly owned MoonPay subsidiary. Both companies’ boards have approved the acquisition, which still depends on regulatory approvals and other customary closing conditions. The deal is MoonPay’s latest acquisition this year as it expands beyond crypto payments. Earlier purchases included key management company Sodot, trading infrastructure platform DFlow and AI finance operations platform Entendre, adding capabilities across institutional custody, onchain trading and financial operations.