Moonpay secures a New York Limited Purpose Trust Company charter, enhancing its ability to provide institutional digital asset custody and trading services.
Moonpay has received authorization from the New York State Department of Financial Services (NYDFS) to operate as a Limited Purpose Trust Company, joining a select group of digital asset companies with comprehensive regulatory approvals. The charter enables Moonpay to offer digital asset custody and over-the-counter (OTC) trading services under one of the most rigorous regulatory frameworks in the financial industry.
Ivan Soto-Wright, co-founder and CEO, emphasized the significance of the charter in deepening relationships with global financial institutions and bridging traditional and digital finance. The approval positions Moonpay alongside other major players like Coinbase, Paypal, and Ripple in the regulated digital asset ecosystem, with potential for future stablecoin issuance and expanded service offerings.
Read More: Moonpay Secures Bitlicense and Money Transmitter Licenses From New York Regulators
🧭 FAQs
• What does the New York Trust Charter allow Moonpay to do? Provide digital asset custody and OTC trading services.
• How many customers does Moonpay currently serve? 30 million customers.
• In how many jurisdictions is Moonpay licensed? Fully licensed in the U.S. and regulated in UK, EU, Canada, and Australia.
• How many companies does Moonpay support? Powering infrastructure for nearly 500 companies across the decentralized economy.
