MoonPay’s New York License Strengthens the Connection Between Conventional and Digital Financial Systems

MoonPay, a prominent platform for cryptocurrency payments, has obtained a New York Limited Purpose Trust Charter from the New York State Department of Financial Services (NYDFS), enabling it to offer regulated digital asset custody and over-the-counter (OTC) trading services. This authorization

companies—joining , , Ripple, and NYDIG—that possess both a BitLicense and a New York Trust Charter, further demonstrating its dedication to regulatory compliance and robust security for institutions.

This charter permits MoonPay to serve as a fiduciary for its clients, an essential qualification for traditional financial organizations interested in engaging with crypto assets.

, "Obtaining our New York Trust Charter is a testament to our focus on maintaining the highest levels of compliance, security, and governance," commented Ivan Soto-Wright, MoonPay’s co-founder and CEO. This development enhances MoonPay’s capacity to collaborate with global financial entities and broaden its services in a swiftly changing regulatory environment .

The New York Trust Charter could also pave the way for MoonPay to issue stablecoins that comply with the federal GENIUS Act, though this would require separate approval from NYDFS. The company has already begun initiatives to facilitate stablecoin issuance,

as established financial institutions look into integrating crypto solutions.

MoonPay’s dual licensing highlights its strategic shift toward building infrastructure for institutions. Serving more than 30 million users and supporting nearly 500 businesses, the company

by acquiring companies such as Helio, which operates on Solana, and stablecoin infrastructure provider Iron. Its New York Trust Company branch complements existing licenses in the U.S., U.K., EU, Canada, and Australia, between conventional finance and the digital asset sector.

This approval arrives as regulatory oversight in the crypto industry intensifies. While MoonPay has focused on compliance at the state level,

that its strategy differs from those seeking federal charters, such as through the Office of the Comptroller of the Currency. , emphasized the importance of MoonPay’s adherence to New York regulations, describing it as "bulletproof" in terms of regulatory compliance.

With this charter, MoonPay becomes part of a growing group of companies operating at the crossroads of digital assets and traditional finance. Its move into custody and OTC trading could appeal to banks and asset managers looking for reliable, regulated partners in the crypto space

.