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.