- MoonPay now holds both NY BitLicense and Trust Charter, joining select crypto firms for compliant institutional services.
- The NY Trust Charter allows MoonPay to expand custody, OTC trading, and potentially issue stablecoins under strict oversight.
- Dual licensing positions MoonPay to scale regulated services internationally and bridge digital assets with traditional finance.
MoonPay has just received a trust charter from New York’s financial regulators. This approval lets MoonPay Trust Company, LLC safely hold digital assets and offer over-the-counter (OTC) crypto trading in one of the strictest regulatory environments in the world.
By adding this new charter to its existing New York BitLicense, MoonPay joins a small group of trusted crypto companies, like Coinbase, PayPal, Ripple, and NYDIG, that have both licenses. This move shows MoonPay’s focus on building a secure, compliant, and reliable platform for businesses and institutions to work with digital assets.
The move underscores MoonPay’s strategic approach to regulation-first expansion. Ivan Soto-Wright, co-founder and CEO of MoonPay, emphasized, “Receiving our New York Trust Charter reflects our commitment to meeting the highest standards of compliance, security, and governance. It enables us to deepen relationships with global financial institutions, expand our regulated service offerings, and continue bridging traditional and digital finance in a trusted way.” Besides enhancing institutional trust, the charter allows MoonPay to explore new regulated services and potentially issue stablecoins with NYDFS approval.
Expanding Regulatory Footprint and Institutional Trust
MoonPay’s dual licensing signals a deliberate strategy to align with strict regulatory standards before pursuing broader national charters. Eleanor Terrett, a crypto journalist, highlighted, “MoonPay now holds both a BitLicense and a Limited Purpose Trust Charter, a combo that only a handful of crypto firms have secured under NY’s strict licensing regime. Notable that at a time when most companies are racing for US OCC charters, some are still opting for full state compliance first.” Additionally, this framework positions MoonPay to offer enhanced custody solutions and OTC trading services for global financial institutions.
Moreover, the LPTC allows MoonPay to scale regulated services internationally. The company’s existing licenses across multiple jurisdictions complement this move, reinforcing its reputation as a compliant, enterprise-ready crypto infrastructure provider. Consequently, MoonPay Trust Company becomes a central component of the firm’s strategy to bridge digital assets with traditional finance securely.
