Cryptocurrency payments infrastructure provider MoonPay has achieved a significant regulatory milestone with the acquisition of a New York state trust charter. This authorization, granted by the New York Department of Financial Services (NYDFS), enables the company to expand its regulated digital asset services within one of the world’s most stringent financial jurisdictions.
The trust charter approval follows MoonPay’s recent acquisition of the coveted BitLicense in June, positioning the company among an exclusive group of digital asset service providers holding both regulatory certifications. This dual authorization establishes a comprehensive compliance framework that permits MoonPay to offer enhanced custodial and fiduciary services to institutional and retail clients operating in New York.
Industry analysts note that securing both regulatory approvals demonstrates MoonPay’s commitment to operating within established legal parameters while expanding its service offerings. The company’s compliance achievements come at a time when regulatory clarity remains a pivotal concern for cryptocurrency businesses seeking to establish long-term viability in traditional financial markets.
This regulatory progression enables MoonPay to strengthen its institutional offerings while maintaining compliance with New York’s rigorous financial standards. The expanded authorization is expected to facilitate new partnership opportunities with traditional financial institutions and enhance consumer protection measures for New York-based clients engaging with digital asset services.
