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MoonPay Secures NY Trust Charter, Paving Way for Institutional Crypto Custody

MoonPay Secures NY Trust Charter, Paving Way for Institutional Crypto Custody

Author:

Global Cryptocurrency

Published:

2025-11-25 20:42:02

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BTCCSquare news:

MoonPay has obtained a New York Limited Purpose Trust Charter from the NYDFS, marking a significant step toward regulated institutional crypto services. The charter enables MoonPay Trust Company to operate as a fiduciary for digital assets, offering custodial and OTC trading services under strict regulatory oversight.

CEO Ivan Soto-Wright emphasized the MOVE strengthens governance and compliance while deepening ties with financial institutions. The charter also positions MoonPay to potentially issue a stablecoin, pending separate NYDFS approval.

New York's dual approval of MoonPay's BitLicense and Trust Charter creates a framework for compliant innovation in digital asset infrastructure. The development signals growing institutional acceptance of cryptocurrency custody solutions.

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