Approval from NYDFS strengthens MoonPay’s position as a trusted provider of digital asset services
MoonPay, the global leader in crypto payments, announced that the New York State Department of Financial Services (NYDFS) has authorized MoonPay Trust Company, LLC, a New York Limited Purpose Trust Company (LPTC), to begin providing services to customers.
The charter authorizes MoonPay to provide digital asset custody and over-the-counter (OTC) trading services under one of the most respected regulatory frameworks in the world. This milestone marks another major step in MoonPay’s mission to deliver secure, compliant, and scalable financial infrastructure for institutional and enterprise partners.
With this approval, MoonPay joins a select group of digital-asset companies that have obtained both the NYS Bitlicense and New York Limited Purpose Trust Charters, including Coinbase, PayPal, Ripple, and NYDIG.
The launch of MoonPay Trust Company expands the company’s regulated footprint globally, complementing its existing financial licenses across multiple jurisdictions and highlighting its commitment to servicing institutional and enterprise customers. MoonPay Trust Company also provides a potentially GENIUS compliant path for future stablecoin issuance. Any additional services will need express approval from NYDFS.
Catch more Fintech Insights : The Disappearing Payment: How Embedded Finance Is Quietly Reshaping B2B Transactions?
[To share your insights with us, please write to psen@itechseries.com ]
