In a significant advancement for regulated cryptocurrency operations, MoonPay has secured authorization from the New York State Department of Financial Services (NYDFS) to operate as a Limited Purpose Trust Company. This approval, announced on November 25, 2025, positions MoonPay to enhance its institutional-grade financial infrastructure.
The new charter allows MoonPay to provide essential services such as digital asset custody and over-the-counter (OTC) trading under one of the strictest regulatory frameworks globally. This development reinforces MoonPay”s role as a compliant player in the digital asset landscape, facilitating secure and scalable solutions for institutional and enterprise clients.
According to CEO and co-founder Ivan Soto-Wright, the NYDFS approval is a testament to MoonPay”s dedication to high standards of compliance, security, and governance. He emphasized that this regulatory endorsement will enable the firm to strengthen its relationships with global financial institutions and expand its suite of regulated services.
However, Soto-Wright noted that any future expansion of services will require explicit permission from the NYDFS, highlighting the stringent regulatory environment in which the company operates.
With this new charter, MoonPay joins a select group of digital asset firms, including Coinbase, PayPal, Ripple, and NYDIG, which also possess both a New York BitLicense and a Limited Purpose Trust Company charter. This move not only solidifies MoonPay”s presence in the U.S. but also enhances its regulated footprint internationally, complementing existing licenses across various jurisdictions.
Moreover, the Trust Charter could pave the way for future initiatives related to stablecoin issuance, contingent upon necessary approvals. The trust structure under NYDFS oversight positions MoonPay to potentially support an expanded range of tokenized financial products in the future, aligning with the growing expectation for stablecoin issuers to operate within regulated frameworks.
MoonPay aims to simplify cryptocurrency transactions by facilitating buying, selling, and trading through familiar payment methods, including cards and services like Apple Pay and PayPal. The firm also provides tools for managing stablecoins in a regulated environment, catering to both newcomers and established entities in the digital finance space.
Having served around 30 million customers and powering infrastructure for nearly 500 companies in the decentralized economy, MoonPay is emerging as a key facilitator of mainstream crypto adoption. The company operates under full licensing in the U.S. and is regulated in the UK, EU, Canada, and Australia, boasting enterprise-grade security certifications.
Following the NYDFS approval, MoonPay reiterates its mission to transform payments through blockchain technology and trusted onramp services. This regulatory endorsement further solidifies its commitment to connecting banks, fintechs, and consumers with digital assets in a secure and compliant manner.
In summary, the NYDFS authorization for MoonPay Trust Company not only strengthens the firm”s regulatory standing but also broadens its institutional capabilities and lays the groundwork for future product development, including potential stablecoin initiatives.
