MoonPay Secures New York Trust Charter, Expands Regulated Services

Why It Matters

The trust charter expands MoonPay’s regulatory foothold in the lucrative New York market, enhancing its credibility and opening new revenue streams in custody and OTC trading, while its stablecoin platform positions the company to capture emerging demand as the GENIUS Act reshapes the U.S. payments landscape.

Summary

MoonPay has been granted a trust charter by the New York Department of Financial Services, adding to its existing BitLicense and allowing the firm to offer crypto custody and over‑the‑counter trading services in the state. CEO Ivan Soto‑Wright said the approval will deepen ties with global financial institutions and broaden MoonPay’s regulated product suite. The move places MoonPay alongside Ripple, Coinbase and NYDIG, which also hold both a trust charter and a BitLicense. In parallel, MoonPay launched a stablecoin‑infrastructure initiative under the newly enacted GENIUS Act, enabling issuers to create and distribute their own stablecoins.