MoonPay Secures New York Limited Purpose Trust License, Expanding Its Regulated Digital Asset Capabilities

2025-11-26 15:16:43

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MoonPay has received approval from the New York State Department of Financial Services (NYDFS) to operate as a Limited Purpose Trust Company, placing it among the select group of digital asset firms that hold full regulatory authorization in the state. This license grants MoonPay the ability to provide digital asset custody and over-the-counter (OTC) trading services under one of the most demanding regulatory regimes in global finance.

Strengthening Institutional Partnerships and Bridging Traditional Finance

Co-founder and CEO Ivan Soto-Wright highlighted the significance of the approval, noting that it deepens MoonPay’s ability to collaborate with major financial institutions worldwide and strengthens its role as a bridge between traditional finance and the digital asset sector. With the license, MoonPay joins established players such as Coinbase, PayPal, and Ripple within New York’s regulated digital asset ecosystem.

Opening the Door to Future Stablecoin Issuance and Expanded Services

The authorization also positions MoonPay to potentially issue stablecoins and broaden its service offerings over time, reinforcing its long-term strategy to operate at the highest regulatory standards while expanding its global footprint.

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