MoonPay obtained the New York Limited Purpose Trust Charter, a license that authorizes MoonPay Trust Company, LLC to act as a trustee and offer custody of digital assets and OTC trading in New York. This approval expands its regulatory perimeter and establishes a fully supervised operational base for institutional services. The authorization complements the BitLicense and the money transmitter license granted in June 2025, consolidating a multilayered compliance structure.
MoonPay strengthens its institutional framework
The trust charter formally grants MoonPay the authority to custody digital assets and execute OTC transactions under NYDFS oversight, reinforcing its positioning in a regulated environment. A trustee is an entity permitted to safeguard assets and act in the client’s interest under defined legal duties. Meanwhile, the BitLicense and money transmitter license enable fiat–crypto on- and off-ramping without reliance on third-party compliance providers.
Ivan Soto-Wright, co-founder and CEO of the company, stated: “This charter reflects the company’s dedication to compliance, security and governance,” referring to the new regulatory status. The approval, dated Nov. 25, 2025, places MoonPay among New York’s top-tier regulated providers, alongside Coinbase, NYDIG and Paxos.
The combination of authorizations converts regulatory compliance into a competitive barrier, enabling MoonPay to deliver advanced institutional services under strict oversight. With this framework, the company can act as a qualified custodian for crypto ETFs, facilitate regulated lending backed by digital assets and deploy tokenization solutions for asset managers.
MoonPay has expanded its infrastructure via acquisitions and alliances — including Helio (January 2025), Meso (April 2022) and Iron (July 2022). These integrations strengthen the operational base required for scalable, compliant services.
The company also maintains strategic commercial partnerships, including a collaboration with PayPal (June 2024) for crypto purchases in 48 U.S. states, the EU and the United Kingdom, and an integration with Mastercard for a stablecoin card accepted at more than 150 million merchants, broadening its global payment utility. Additionally, MoonPay operates a suite of enterprise stablecoins; any expansion of this product line will require NYDFS approval, ensuring that governance and issuance remain aligned with regulatory expectations.
The new status enables business models such as “compliance-as-a-service,” allowing MoonPay to license its regulated infrastructure to other fintechs, monetizing compliance expertise and creating additional revenue streams. With more than 30 million users and nearly 500 corporate partners, MoonPay is positioned to evolve into an infrastructure provider for banks and institutional managers seeking regulated crypto exposure by leveraging its scale and compliance stack.
The New York Trust Charter, combined with the BitLicense, consolidates MoonPay as a regulated custodian and OTC provider capable of attracting institutional capital, strengthening its governance standards and eliminating the need for third-party compliance intermediaries.