MoonPay expands into tokenized assets and DeFi markets with new platform for banks
Key takeaways
- The service is underpinned by Decent.xyz, the cross-chain routing startup MoonPay has acquired for a "high eight-figure" sum, a spokesperson said.
- The expansion comes as tokenization is gaining momentum across finance, attracting global banks and asset managers.
- MoonPay Trade will serve as the execution arm for MoonPay Institutional, the company’s business focused on regulated financial firms and led by former acting CFTC Chair Caroline Pham.
Pham, Head of Moon Pay Institutional, speaking at Consensus 2026 in Miami (Coin Desk)What to know: MoonPay is expanding beyond crypto payments to give banks and fintechs access to tokenized assets, DeFi and stablecoin liquidity across more than 200 blockchains.The platform is underpinned by Decent.xyz, the cross-chain startup MoonPay acquired, and will support the firm's financial institutional business led by former acting CFTC Chair Caroline Pham.Tokenized assets has become rapidly growing crypto sector attracting the interest of Wall Street firms as traditional finance and blockchain increasingly intertwine.MoonPay is betting institutions want broader access to onchain financial products beyond simple crypto purchases.
The crypto payments firm said Thursday it started MoonPay Trade, a platform designed to connect banks, fintechs and enterprises to tokenized assets, decentralized finance (DeFi) protocols and stablecoin liquidity across more than 200 blockchains through a single integration.
The service is underpinned by Decent.xyz, the cross-chain routing startup MoonPay has acquired for a "high eight-figure" sum, a spokesperson said.