MoonPay Wins NY Trust Charter, Expands Institutional Crypto Services
MoonPay announced it has secured a New York trust charter, a regulatory milestone that allows the company to offer expanded institutional crypto services such as custody solutions, regulated fiat on/off ramps, and payment rails. The charter gives MoonPay a formal compliance framework to operate in a key U.S. market and to deepen commercial ties with exchanges, funds, and payment providers.
The move matters because institutional demand in the U.S. increasingly depends on regulated counterparties and robust custody arrangements. Gaining a trust charter positions MoonPay to compete more directly with established custodians and regulated fintechs, potentially making it easier for businesses and asset managers to onboard crypto exposure. Expect MoonPay to pursue partnerships and product rollouts aimed at institutional clients as it leverages the new charter to scale enterprise services.