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MoonPay Secures NYDFS Trust Charter for Digital Asset Services
MoonPay Secures New York Trust Charter
- MoonPay, a US-based fintech firm, has received a Limited Purpose Trust charter from the New York State Department of Financial Services (NYDFS).
- The charter allows MoonPay to offer digital asset custody and over-the-counter (OTC) trading.
- MoonPay now holds both a BitLicense and a Limited Purpose Trust charter in New York, positioning it among a select group of companies like Coinbase, PayPal, and Ripple.
- This development enhances regulatory compliance for MoonPay's 30 million customers and nearly 500 client and partner companies.
- MoonPay is fully licensed in the US and regulated in the UK, EU, Canada, and Australia.
Global Compliance and Partnerships
- MoonPay has secured global compliance certificates, including entering the Dutch market under the EU's Markets-in-Crypto-Assets (MiCA) regulation.
- The company announced a partnership with Arkham Exchange to integrate fiat-to-crypto on and offramps.
- Recent collaborations include deals with Zengo Pro and Haha Wallet.