MoonPay Secures NYDFS Trust Charter, Expanding Digital Asset Services in New York
MoonPay has achieved a significant regulatory milestone by securing a Limited Purpose Trust Charter from the New York Department of Financial Services. This approval, combined with its existing BitLicense, positions MoonPay among a select group of crypto firms operating under New York's stringent regulatory framework.
The trust charter enables MoonPay to offer digital asset custody and fiduciary services, marking a strategic expansion beyond its Core payment infrastructure business. New York's rigorous compliance standards demand substantial capital reserves and robust security measures from trust charter holders.
At a time of increasing regulatory scrutiny across U.S. crypto markets, MoonPay's dual-license structure demonstrates its commitment to operating within established legal parameters. The MOVE strengthens its ability to serve institutional clients in one of the world's most financially significant jurisdictions.
