Overview
- NYDFS authorized MoonPay Trust Company as a Limited Purpose Trust Company on Nov. 25, granting legal authority to safeguard digital assets and facilitate over‑the‑counter trades.
- The charter places MoonPay under NYDFS fiduciary oversight, a regime widely viewed by institutions as a marker of rigorous compliance and operational standards.
- MoonPay now holds both a BitLicense and a trust charter, joining a short list that includes Coinbase, PayPal, Ripple and NYDIG.
- Custody and OTC products are still in development, with MoonPay saying launches will follow required approvals and that any stablecoin issuance would need separate NYDFS sign‑off.
- The approval aligns with MoonPay’s push into regulated infrastructure for enterprises, complementing global licenses and partnerships such as its Mastercard stablecoin card work and an enterprise stablecoin service built with M0.