What exactly did MoonPay announce?
MoonPay, a crypto payments provider, signed a binding agreement on September 23 to acquire North Capital Investment Technology. That firm operates an existing platform for trading private securities (stakes in companies that are not publicly traded on an exchange). According to the announcement, the deal was approved by the boards of both parties. This is reported by CryptoSlate.
The key word is "agreement," not "completed acquisition." Regulatory approvals and other conditions still stand between the signing and the closing of the transaction. Until those steps are done, the deal is not finalized.
What changes for MoonPay customers?
Nothing so far. According to CryptoSlate, the announcement does not change anything about the stated approach to trading private securities. What is missing:
- a launch date,
- eligibility rules (who will be able to trade),
- a description of how to access the platform.
In other words: we have an announced intention and an approved agreement, but we do not have a product that anyone could use today.
What does the $8.7 billion figure mean?
The $8.7 billion figure appears in connection with the trading platform that North Capital operates. It is not the announced purchase price for North Capital. The publicly available summary of the source does not clearly define what this figure represents (whether it is trading volume, asset value, or another metric, and over what period). That is why we treat it with caution and do not present it as a verified operational metric of MoonPay's future service, nor as the price of the transaction.
Why are we writing about this right now?
Because September 23 was not a random day in this respect. At the same time, several agreements emerged linking traditional finance (TradFi) with crypto infrastructure:
| Date | Who | What was announced | Source |
|---|---|---|---|
| Sep 23 | MoonPay + North Capital | Binding agreement to acquire a platform for private securities (the platform is cited with an $8.7 billion figure, its definition is unverified) | CryptoSlate |
| Sep 23 | Blockchain.com + NYSE Group | Agreement to explore 24/7 trading of tokenized US stocks and ETFs | The Defiant |
| (announced) | Raiffeisen + Bitpanda | Crypto infrastructure for a banking network, potential reach across 11 European markets | Cointelegraph |
| per Binance announcement (2026-09-23) | Binance Futures | Launch of the pre-IPO perpetual contract OURAUSDT | Binance |
The common denominator: established financial brands and exchanges are looking for ways to bring classic assets (stocks, ETFs, private securities) into a crypto-native environment, while conversely crypto firms gain infrastructure and licenses from the traditional world.
What does the Blockchain.com and NYSE agreement say?
Blockchain.com and NYSE Group announced on September 23 an agreement to explore the possibility of offering Blockchain.com customers round-the-clock (24/7) access to tokenized US stocks and ETFs through a planned NYSE digital platform. According to The Defiant, this is still joint product development, not the launch of a finished service.
And Raiffeisen with Bitpanda?
According to Cointelegraph, Bitpanda is set to supply crypto infrastructure to banks in the Raiffeisen network, which could potentially open up digital asset trading to roughly 18 million customers across 11 European markets. The word "potentially" is appropriate here, as this is an infrastructure agreement, not an immediate blanket launch for all customers.
What is the pre-IPO OURA contract on Binance?
According to its announcement, Binance Futures is launching the perpetual contract OURAUSDT (USDⓈ-Margined) in a pre-IPO mode. The link to the announcement lists the date 2026-09-23, which differs from the rest of this group of news from September 23, 2025, so we do not place it in the same time block without reservation. Pre-IPO trading means the derivative is tied to a company before it goes public on an exchange. This is a different mechanism than an acquisition or tokenization, but it fits the same broader theme: crypto markets offering exposure to assets from the traditional world.
What remains unknown for now?
With the main story (MoonPay and North Capital), there are more uncertainties than certainties:
- When and whether the transaction will pass regulatory approval.
- What a potential private securities service will look like.
- Who will have access to it and in which jurisdictions.
- What exactly the $8.7 billion figure expresses.
Charliedesk does not give recommendations on what to do about it. We record what happened (the signed agreements from September 23) and distinguish it from what is still only an intention. Once the details are known or the transaction closes, we will return to it and compare the promises with reality.
What to watch for with this type of news?
With announcements of the "binding agreement" or "agreement to explore" type, it is crucial to distinguish three phases: intention, closing, and launch. Regulators and technical implementation stand between them. A practical guide is to look for a specific launch date, eligibility rules, and clearly defined metrics. As long as these are missing, it is an announcement of direction, not a product.