MoonPay Joins Elite Group with NYDFS Trust Charter Approval

MoonPay has secured a Limited Purpose Trust Charter from NYDFS, joining a select group with both this and a BitLicense. The approval enables MoonPay to expand regulated crypto custody and trading services in New York.

MoonPay has received a Limited Purpose Trust Charter from the New York State Department of Financial Services (NYDFS), adding to its existing BitLicense. This dual licensing allows MoonPay to offer digital asset custody and over-the-counter trading services under New York’s rigorous regulatory framework. The approval positions MoonPay among a select group of companies with both licenses, such as Coinbase, PayPal, and Ripple. The trust charter enables MoonPay to expand its services for institutional and enterprise clients, providing secure and compliant financial infrastructure. The company now operates with full licensing in the US, UK, EU, Canada, and Australia, serving 30 million users and nearly 500 client and partner companies. The NYDFS authorization highlights MoonPay’s commitment to compliance and governance, and any further expansion of services will require explicit regulatory consent. The move is seen as a strategic focus on state-level compliance, enhancing MoonPay’s appeal to banks, fintechs, and enterprise clients seeking robust custodial solutions.