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MoonPay Sets New Benchmark in Bridging Crypto and Traditional Finance with NYDFS Charter

MoonPay Sets New Benchmark in Bridging Crypto and Traditional Finance with NYDFS Charter

Bitget-RWA2025/11/25 22:56
By:Bitget-RWA

- MoonPay secures New York Trust Charter , joining Coinbase/PayPal in dual licensing (BitLicense + Trust) for crypto custody/OTC trading under NYDFS oversight. - The charter enables fiduciary services for institutions, aligning with NYDFS's rigorous standards and supporting MoonPay's institutional expansion goals. - Industry experts highlight the approval's significance, noting NYDFS's strict trust charter criteria and MoonPay's 30M-customer scale for accelerating crypto adoption. - Global regulatory compl

MoonPay, a prominent platform for cryptocurrency payments, has

, granting it permission to provide digital asset custody and over-the-counter trading services under the strict supervision of the New York State Department of Financial Services (NYDFS). This achievement places MoonPay among a select few companies—alongside , , Ripple, and NYDIG—that possess both a BitLicense and a New York Trust Charter . Holding both licenses highlights MoonPay’s dedication to maintaining a strong compliance structure, allowing it to serve as a fiduciary for institutional clients and strengthen collaborations with established financial institutions .

MoonPay Sets New Benchmark in Bridging Crypto and Traditional Finance with NYDFS Charter image 0

The charter, awarded to MoonPay Trust Company, LLC, enables the company to deliver custody and OTC trading services while adhering to the NYDFS’s reputation as one of the toughest regulators in the country.

. Ivan Soto-Wright, co-founder and CEO of MoonPay, stated that this approval demonstrates the firm’s commitment to “the highest standards of compliance, security, and governance,” and will support its growth into regulated institutional offerings . This development could also pave the way for MoonPay to issue compliant stablecoins under federal guidelines, though such projects would still need direct NYDFS authorization .

MoonPay’s regulatory progress is part of its larger plan to connect traditional finance with digital assets. The company has been broadening its international reach,

and purchasing firms such as Helio, Iron, and Decent.xyz to expand its product lineup. Its New York Trust Charter builds on its earlier BitLicense, obtained this year, and supports its mission to create a cohesive regulatory approach across major markets . This includes meeting the requirements of the EU’s Markets-in-Crypto-Assets (MiCA) regulation, as shown by its recent operational approval in the Netherlands .

Industry experts have pointed out the importance of MoonPay’s dual licensing, noting that the NYDFS is highly selective when issuing trust charters.

, “NYDFS only grants trust charters if your compliance is flawless,” highlighting the high regulatory standards involved. This approval is likely to make MoonPay a more appealing partner for banks and fintech companies looking to enter the crypto sector without regulatory complications . With a customer base of 30 million and infrastructure supporting nearly 500 businesses, MoonPay’s move into custody and OTC services could further boost the mainstream adoption of digital assets .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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