Quick Breakdown
- MoonPay authorized by NYDFS to offer digital asset custody and OTC trading.
- The New York Trust Charter strengthens MoonPay’s regulated global footprint.
- Approval positions MoonPay alongside Coinbase, PayPal, Ripple, and NYDIG.
MoonPay has received authorization from the New York State Department of Financial Services (NYDFS) to operate MoonPay Trust Company, LLC, a New York Limited Purpose Trust Company (LPTC). This charter allows the company to offer digital asset custody and over-the-counter (OTC) trading services under one of the world’s most respected regulatory frameworks.
The approval marks a significant milestone for MoonPay as it continues to strengthen its position in the institutional crypto space. Ivan Soto-Wright, co-founder and CEO of MoonPay, said the New York Trust Charter reflects the company’s commitment to “meeting the highest standards of compliance, security, and governance.”
The charter will enable MoonPay to expand regulated offerings, foster deeper partnerships with global financial institutions, and further integrate traditional finance with digital assets.
🗽 MoonPay is now authorized by NYDFS to operate MoonPay Trust Company in New York!
🍎 this expanded regulatory footprint unlocks digital asset custody and OTC trading for our financial infrastructure
🚀 NY BitLicense + Trust Charter = a new era of compliant innovation pic.twitter.com/LtTuZuxY1k
— MoonPay 🟣 (@moonpay) November 25, 2025
Expanding regulated services for institutions
MoonPay joins a select group of crypto firms that hold both the NYS BitLicense and New York Limited Purpose Trust Charters, including Coinbase, PayPal, Ripple, and NYDIG. The launch of MoonPay Trust Company complements the company’s existing financial licenses across multiple jurisdictions, providing a regulated foundation for global service scale. Analysts note that the charter also opens the door to future compliant stablecoin issuance, though any additional products will require NYDFS approval.
Positioning for global crypto adoption
By securing this charter, MoonPay positions itself as a trusted infrastructure provider to institutional and enterprise clients, offering secure, compliant solutions for custody and OTC trading. The move underscores growing regulatory recognition of digital assets and reflects the company’s broader mission to bridge the gap between traditional finance and the rapidly expanding crypto ecosystem.
As institutional adoption of digital assets accelerates, regulatory approvals such as MoonPay’s New York Trust Charter will be crucial in establishing trust and compliance standards, signalling that the next wave of crypto services may be increasingly accessible, secure, and regulated.
Notably, MoonPay recently unveiled MoonPay Labs, an accelerator program designed to support early-stage Web3 startups. The initiative will provide pre-seed and seed-stage technical teams with capital, product support, and growth strategies.
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