MoonPay, a leading cryptocurrency payments infrastructure provider, has achieved a significant regulatory milestone with the acquisition of a New York state trust charter. This authorization permits the firm to legally safeguard digital assets on behalf of clients and conduct over-the-counter (OTC) trading operations within the jurisdiction. The approval places MoonPay alongside established industry players like Coinbase and Ripple, who previously obtained similar charters, reinforcing New York’s position as a critical regulatory landscape for digital asset services.
The New York Department of Financial Services (NYDFS) grant enables MoonPay to offer institutional-grade custody solutions and OTC trading services, addressing growing demand for secure digital asset management and large-volume transactions. This development marks a strategic expansion of MoonPay’s service portfolio beyond retail payment processing, positioning the company to better serve institutional clients and high-net-worth individuals.
This regulatory endorsement reflects increasing maturation within the cryptocurrency sector, where compliance with stringent state-level frameworks becomes essential for scaling operations. MoonPay’s successful navigation of New York’s rigorous trust charter application process demonstrates the company’s commitment to regulatory compliance and institutional-grade security standards. The approval is expected to accelerate MoonPay’s growth trajectory in North American markets while enhancing overall trust in digital asset service providers operating under comprehensive regulatory oversight.
