MoonPay is betting that institutions want wider access to on-chain financial products beyond simple cryptocurrency purchases.
The crypto payments company said on Thursday it 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 powered by Cross-Link Decent.xyz, which was acquired by startup MoonPay for a “high eight-figure” price, a person familiar with the matter said.
The expansion comes at a time when tokenization in the financial sector is gaining momentum, attracting global banks and asset managers. RWA.xyz data shows that the market value of tokenized real-world assets – blockchain-based stocks, bonds and funds – now exceeds $33 billion, tripling in one year. The Boston Consulting Group predicts the market will grow to $18.9 trillion by 2033.
Large asset managers such as BlackRock, Franklin Templeton and JPMorgan Chase have launched tokenized funds on public blockchains, while stablecoins are increasingly serving as settlement rails for payments and trading activity.
MoonPay Trade will serve as the executive arm of MoonPay Institutional, which focuses on regulated financial firms and is led by former CFTC Acting Chair Caroline Pham.
“Every major financial institution is developing a strategy for tokenized assets,” Fan said in a statement, adding that the platform allows institutions to access on-chain markets with “full compliance.”
MoonPay Trade supports tokenized fund subscriptions, collateral transfers, and integration with DeFi lending protocols such as Morpho, Aave, and Maple Finance. These protocols allow users to earn income or borrow against digital assets directly on the blockchain rails.
The company has been on an acquisition spree, expanding from crypto payments into broader financial infrastructure.
Earlier this month, the company acquired Solana trading infrastructure provider DFlow, which processed more than $12 billion in transaction volume in the first quarter. This year it also acquired security startup Sodot, following last year’s acquisitions of payment processors Meso and Helio.
