MoonPay announced the acquisition of North Capital Investment Technology, a Salt Lake City-based firm specializing in brokerage services and asset tokenization tools. The transaction amount exceeds 60 million dollars and was settled entirely in stock according to a source close to the matter. This acquisition primarily aims to obtain North Capital’s portfolio of SEC licenses, covering activities such as broker-dealer transactions, alternative trading system trading, and transfer agent services. The SEC recently created an innovators exemption allowing companies to offer tokenized stocks without risking violations of certain regulations, boosting this rapidly growing segment.
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