MoonPay expands into tokenized assets and DeFi

MoonPay is launching MoonPay Trade, a new platform designed to provide banks and fintech firms with access to tokenized assets, decentralized finance (DeFi) protocols, and stablecoin liquidity across over 200 blockchains. This strategic expansion moves MoonPay beyond its core crypto payments business, leveraging its recent acquisition of cross-chain startup Decent.xyz. The platform aims to simplify institutional access to the rapidly growing tokenized asset market, which is projected to reach $18.9 trillion by 2033. MoonPay Trade will serve as the operational arm for MoonPay Institutional, led by former acting CFTC Chair Caroline Pham, ensuring compliance for financial institutions engaging with onchain markets.