MoonPay has officially received authorization from the New York State Department of Financial Services to operate under the name MoonPay Trust Company, LLC. This development represents a significant expansion of the company’s regulated digital-asset infrastructure and positions it to offer a wider range of services within a highly controlled regulatory environment.
With this approval, MoonPay is now able to provide digital asset custody and over-the-counter trading services, adding to its suite of financial offerings. The company views this charter as a vital enhancement to its institutional services, enabling deeper partnerships with global financial firms that require compliant access to digital asset solutions.
Ivan Soto-Wright, co-founder and CEO of MoonPay, highlighted that the new authorization underscores the company’s dedication to upholding the highest standards in compliance, security, and governance. He emphasized that this move allows MoonPay to effectively bridge the gap between traditional finance and the digital asset landscape in a manner that fosters trust among stakeholders.
As a result of this approval, MoonPay distinguishes itself by joining a select group of digital asset providers that possess both a New York BitLicense and a New York Limited Purpose Trust Charter. Other notable companies in this category include Coinbase, PayPal, Ripple, and NYDIG, establishing MoonPay as a key player in the field.
The establishment of the new trust company not only enhances MoonPay’s global regulatory footprint but also complements its existing licenses across various jurisdictions. Furthermore, the regulatory framework opens the door for what the firm describes as a potentially compliant pathway for future stablecoin issuance, though any additional services would be contingent upon separate approvals from the NYDFS.
This strategic move is part of MoonPay’s larger initiative to create secure and scalable infrastructure tailored for institutional and enterprise customers, especially as the demand for regulated digital asset services continues to rise across the financial sector.
