MoonPay Secures New York Trust Charter, Expands Institutional Crypto Services

Crypto-focused financial technology company MoonPay has been approved to operate as a New York Limited Purpose Trust Company, giving it a green light to offer crypto custody and over-the-counter (OTC) trading services to institutions under the oversight of one of the most closely watched financial regulators in the U.S. The company, known for providing crypto on-ramps and payments infrastructure, is now part of a short list of digital asset firms — including Coinbase, PayPal and Ripple — that hold both a ...