MoonPay betting institutions want wider access to onchain financial products beyond simple crypto purchases.
The crypto-payments firm said Thursday it launched MoonPay Trade, a platform designed to connect banks, fintechs and enterprises to tokenized assets, decentralized finance (DeFi) protocols and stablecoin liquidity across more than 200 blockchains through a single integration.
The service is powered by Decent.xyz, the cross-chain routing startup MoonPay has acquired for a “high eight-figure” sum, a person familiar with the matter said.
The expansion comes as tokenization gains momentum across the financial sector, attracting global banks and asset managers. Real-world tokenized assets — blockchain-based versions of stocks, bonds and funds — now exceed $33 billion in market capitalization, tripling in a year, RWA.xyz data shows. The Boston Consulting Group expected the market to grow to $18.9 trillion by 2033.
Major asset managers, including BlackRock, Franklin Templeton and JPMorgan, have already introduced tokenized funds on public blockchains, while stablecoins are increasingly acting as a clearinghouse for payments and trading activity.
MoonPay Trade will serve as the execution arm of MoonPay Institutional, the company’s business focused on regulated financial firms and led by former acting CFTC Chair Caroline Pham.
“Every major financial institution is building a tokenized asset strategy,” Pham said in a statement, adding that the platform allows institutions to access onchain markets “with full compliance.”
MoonPay Trade supports tokenized fund subscriptions, collateral transfers and integrations with DeFi lending protocols such as Morpho, Aave and Maple Finance. These protocols allow users to earn returns or borrow against digital assets directly on blockchain rails.
The firm has been on an acquisition spree as it expands from crypto payments into broader financial infrastructure.
Earlier this month, the company acquired Solana’s trading infrastructure provider DFlow, which processed more than $12 billion in trading volume in the first quarter. This year it also bought security startup Sodot, following last year’s acquisition of payment processors Meso and Helio.
