MoonPay is betting that institutions want broader access to on-chain financial products beyond simple crypto purchases.
The crypto payments company said Thursday it has launched MoonPay Trade, a platform designed to connect banks, fintechs and enterprises with tokenized assets, decentralized finance (DeFi) protocols and stablecoin liquidity across more than 200 blockchains through a single integration.
The service is backed by Decent.xyz, the cross-chain routing startup that acquired MoonPay for a “high eight-figure sum,” according to a spokesperson.
The expansion comes as tokenization is gaining momentum in the financial world, attracting global banks and asset managers. Real-world tokenized assets — blockchain-based versions of stocks, bonds and funds — now exceed $33 billion in market value, tripling in a year, data from RWA.xyz shows. Boston Consulting Group predicted that the market could grow to $18.9 trillion by 2033.
Major asset managers including BlackRock, Franklin Templeton and JPMorgan have already launched tokenized funds on public blockchains, while stablecoins increasingly serve as settlement rails for payments and trading activities.
MoonPay Trade will serve as the execution arm of MoonPay Institutional, the company’s business focused on regulated financial companies 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 gives institutions access to 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 yields or borrow against digital assets directly on blockchain rails.
The company is making acquisitions as it expands beyond crypto payments into broader financial infrastructure.
Earlier this month, the company acquired Solana trading infrastructure provider DFlow, which handled more than $12 billion in trading volume in the first quarter. This year it also bought security startup Sodot, following last year’s acquisitions of payment processors Meso and Helio.