MoonPay Gains Coveted NY Trust Charter, Unlocking Institutional Services

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Cryptocurrency payments firm MoonPay has secured a trust charter from the New York Department of Financial Services (NYDFS), a key regulatory milestone that allows it to expand its services for institutional clients.

The charter enables MoonPay to offer regulated crypto custody and over-the-counter (OTC) trading within the stringent New York market.

This approval, coming just months after it obtained a BitLicense in June, positions MoonPay alongside major players like Coinbase and Ripple and allows it to “deepen relationships with global financial institutions,” according to CEO Ivan Soto-Wright.