MoonPay has achieved a significant regulatory milestone by being granted a New York Limited Purpose Trust Charter by the NYDFS. This new status, combined with the BitLicense it secured in June 2025, places MoonPay in an exclusive group of firms—alongside companies like Coinbase, PayPal, and Ripple—that hold both licenses.
New Capabilities Unlocked by the Trust Charter:
The Trust Charter transforms MoonPay from primarily a consumer-focused fiat-to-crypto on-ramp into a regulated fiduciary, enabling it to offer critical services for institutional clients in New York, one of the world’s most demanding regulatory environments.
The approval allows MoonPay to:
- Custody digital assets for institutional and enterprise clients.
- Provide regulated Over-The-Counter (OTC) trading services.
- Offer advanced, institution-grade crypto infrastructure.
- Serve as a fiduciary, meeting the high compliance standards required by traditional financial institutions (TradFi).
CEO Ivan Soto-Wright stated that the charter reflects MoonPay’s commitment to top-tier compliance and governance, appealing to institutions seeking secure and regulated pathways into digital assets.
Stronger Market Position:
This dual licensing dramatically strengthens MoonPay’s appeal to major financial partners, serving as a powerful signal of operational maturity. The formation of the MoonPay Trust Company could also pave the way for potential future regulated stablecoin issuance under new frameworks, although that would require further NYDFS approval. The charter solidifies MoonPay’s transition to a full-fledged digital asset infrastructure provider ready to compete for institutional market share.
