News linked to both this project and an event.
Odaily News: Fintech company MoonPay has signed a definitive merger agreement to acquire North Capital Investment Technology, a private markets technology and regulated brokerage services platform. The transaction is an all-stock deal reportedly valued at over $60 million, and upon completion, North Capital will become a wholly-owned subsidiary of MoonPay.The deal will integrate North Capital's securities brokerage, investment advisory, and clearing capabilities into MoonPay's global infrastructure. North Capital owns multiple entities registered with the U.S. Securities and Exchange Commission (SEC), including a broker-dealer, an alternative trading system PPEX ATS, a transfer agent, and an investment advisor.North Capital provides technology, custody, custodial accounts, and secondary trading services for private securities issuers, fund managers, and institutional investors. The platform has facilitated over $8.7 billion in cumulative primary and secondary trading volume; PPEX supports secondary trading for over 1,250 approved assets. The transaction has been unanimously approved by both companies' boards of directors and remains subject to customary closing conditions and regulatory approvals. (Bitcoin.com News)
According to PR Newswire, Blockchain.com and NYSE Group have announced the signing of a Memorandum of Understanding (MOU) to provide global users with access to trade tokenized U.S.-listed stocks and ETFs via NYSE's previously announced digital ATS platform, pending regulatory approval. The collaboration encompasses bidirectional market data distribution: ICE Data Services, a subsidiary of NYSE, plans to distribute Blockchain.com's cryptocurrency market data and analytics to its subscriber clients; in turn, Blockchain.com will integrate ICE and NYSE exchange data sources to deliver real-time stock quotes to its over 44 million registered accounts. The Citi Institute forecasts that the base case for the tokenized assets market by the 2030s will reach $5.5 trillion. Tokenized stocks offer advantages such as fractional ownership, 24/7 trading, global investor access, and faster on-chain settlement.