MoonPay has launched a South Korean subsidiary to serve as its base for expansion across Asia. The crypto payments company plans to expand services including remittances, payments, and digital-asset distribution after meeting local regulatory requirements. MoonPay is seeking partnerships with major Korean financial institutions including Woori Bank, KB Financial Group, and KakaoBank. The company aims to target cross-border flows such as remittances for international students, payments by foreign nationals in Korea, and overseas business payments. In April, MoonPay partnered with Kosdaq-listed Sungho Electronics and Seoryong Electronics in a 110 billion won (about $81 million) deal to acquire Finger, a first-generation Korean fintech company. The investment aims to establish groundwork for a Korean won stablecoin ecosystem.

MoonPay has entered into a definitive merger agreement to acquire North Capital Investment Technology, a private-markets infrastructure platform combining API-first technology with regulated brokerage services. Upon completion, North Capital will become a wholly owned subsidiary of MoonPay. North Capital provides technology and services to private securities issuers, intermediaries, fund managers, and investors. Its capabilities include investor onboarding, transaction processing, custody, and secondary trading through PPEX ATS, its registered alternative trading system. North Capital's platform has supported more than $8.7 billion in primary and secondary transaction volume. PPEX has more than 1,250 approved assets available for secondary-market trading. The transaction requires regulatory approvals and satisfaction of customary closing conditions. It was unanimously approved by both companies' boards of directors.