MoonPay Secures New York Trust Charter, Joins Elite Crypto Companies with Dual Licenses
MoonPay obtained a New York Trust Charter, joining an elite group with dual regulatory approval alongside its existing BitLicense.Summary
Cryptocurrency payment provider MoonPay secured a Limited Purpose Trust Charter from the New York Department of Financial Services (NYDFS) on November 25, 2025, five months after receiving its BitLicense. This dual licensing places MoonPay in an exclusive group of only four other companies—Coinbase, PayPal, Ripple, and NYDIG—authorized by New York State.
The Trust Charter significantly expands MoonPay's capabilities, allowing it to legally offer cryptocurrency custody services for institutional clients and engage in over-the-counter (OTC) trading. CEO Ivan Soto-Wright stated this reflects a commitment to high standards of compliance and security, enabling deeper institutional relationships.
MoonPay has been aggressively pursuing global regulatory compliance, holding licenses across the UK, EU (including MiCA approval), Canada, and Australia. This regulatory strength, combined with recent acquisitions like Meso to bolster U.S. banking connections, positions MoonPay for expansion. Furthermore, the charter opens a potential pathway for MoonPay to issue its own stablecoin, pending separate NYDFS approval, capitalizing on the growing institutional interest in regulated crypto infrastructure.
(Source：Brave New Coin)