MoonPay's Trust Charter Opens a Regulatory-Compliant Gateway for Banks to Enter the Crypto Market

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MoonPay's Trust Charter Opens a Regulatory-Compliant Gateway for Banks to Enter the Crypto Market

Bitget-RWA2025/11/25 19:04

By:Bitget-RWA

- MoonPay secures New York Trust Charter , joining Coinbase/PayPal in holding both Bitlicense and Trust Charter under strict NYDFS oversight. - The charter enables institutional-grade crypto custody/OTC trading, positioning MoonPay as a compliant bridge between traditional and digital finance. - CEO emphasizes "highest compliance standards" to deepen traditional finance partnerships, following recent acquisitions and global expansion efforts. - Only a handful of firms navigate New York's rigorous AML/cyber

MoonPay, a prominent platform for cryptocurrency payments, has

obtained a New York Limited Purpose Trust Charter

, joining a select group of companies—including

Coinbase

PayPal

, and Ripple—that possess both a New York Bitlicense and a Trust Charter. With authorization from the New York State Department of Financial Services (NYDFS), MoonPay Trust Company is now able to provide digital asset custody and over-the-counter (OTC) trading services within one of the most demanding regulatory environments in the United States. This development

highlights MoonPay's deliberate efforts

to reinforce its position as a reliable infrastructure partner for institutional investors and global financial organizations.

With the Trust Charter, MoonPay can serve as a fiduciary for clients in New York, an essential qualification for banks and asset managers interested in digital assets. CEO Ivan Soto-Wright stated that the charter demonstrates the firm’s dedication to “upholding the highest levels of compliance, security, and governance,” which will foster stronger collaborations with traditional financial institutions and broaden its regulated offerings

as per the company’s statement

. This regulatory milestone allows MoonPay to deliver custody solutions and OTC trading tailored for institutions, furthering its mission to connect conventional and digital finance “in a trusted manner”

according to industry reports

MoonPay's Trust Charter Opens a Regulatory-Compliant Gateway for Banks to Enter the Crypto Market image 0

New York is known for its tough regulatory standards, including strict anti-money laundering (AML), cybersecurity, and capital requirements. Only a small number of companies have managed to secure both a Bitlicense and Trust Charter, a dual status that

demonstrates regulatory reliability

in a sector still facing ambiguity at the federal level. MoonPay’s recent success comes as it grows its international reach, having recently added fiat on-ramp services to

Arkham

Exchange and acquired infrastructure providers such as Helio and Iron to strengthen its product lineup

as noted in industry coverage

The Trust Charter may also pave the way for compliant stablecoin issuance under frameworks like the federal GENIUS Act, though such projects would still need further NYDFS authorization

based on regulatory documents

. MoonPay’s move into custody and OTC trading enhances its current offerings, which already include retail on-ramps for purchasing crypto with credit cards, Apple Pay, and Venmo. The company supports over 30 million users and provides infrastructure for nearly 500 businesses, including platforms such as OpenSea and

Bitcoin

.com

as highlighted by industry experts

Experts in the field suggest that MoonPay’s dual regulatory approvals could make it a preferred collaborator for banks and fintech companies looking to enter the crypto sector. “Having regulated infrastructure is a major challenge for traditional financial entities,” one analyst commented. “MoonPay’s Trust Charter provides a compliant gateway for crypto involvement, reducing regulatory exposure for its partners.” This approval is in line with a broader industry trend of crypto companies focusing on institutional-grade compliance, as seen with competitors like Sisvida Exchange, which

obtained a U.S. Money Services Business (MSB) license

MoonPay’s expansion in New York follows its Bitlicense approval in June 2025 and the launch of its SoHo headquarters, reflecting its ambition to lead the U.S. market. With federal authorities still debating the extent of crypto regulation, MoonPay’s focus on state-level compliance

provides a practical route

for advancing in a complex regulatory environment.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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