ICE Nears MoonPay Investment at $5B Valuation as Crypto Gains Wall Street Backing

Intercontinental Exchange is in advanced talks to invest in cryptocurrency payments firm MoonPay, according to people familiar with the matter. The deal would value the four-year-old fintech at approximately $5 billion ahead of a potential public listing.

MoonPay's infrastructure enables seamless conversion between fiat and digital assets. The company has aggressively expanded through acquisitions and new product lines, including a recently launched stablecoin business. This growth coincides with Washington's July passage of stablecoin legislation, creating regulatory clarity for dollar-pegged tokens.

The investment would mark ICE's latest crypto sector move following its $2 billion commitment to prediction market platform Polymarket in October. Wall Street's growing digital asset appetite reflects shifting political winds, with the Trump administration taking a more favorable stance toward blockchain innovation.

MoonPay bolstered its leadership team this week with the addition of CFTC acting chairman Caroline Pham as chief legal officer. The hire signals the company's focus on regulatory compliance as it prepares for its next growth phase.