Sophia Bennett
Crypto Analyst
MoonPay built its name as the easiest way to buy crypto with a credit card. That is not the story anymore. On Thursday, the company announced a product that signals a fundamental shift in what it is building, and who it is building it for.
MoonPay launched MoonPay Trade, a platform designed to connect banks, fintechs, and enterprises to tokenized assets, decentralised finance protocols, and stablecoin liquidity across more than 200 blockchains through a single integration.
This is not a consumer product. It is infrastructure, and it is aimed squarely at regulated financial institutions that have been looking for a compliant, plug‑and‑play route into onchain finance.
The Acquisition That Powers Everything
Behind MoonPay Trade is a deal that MoonPay has been relatively quiet about until now.
The service is underpinned by Decent.xyz, the cross‑chain routing startup MoonPay acquired for a "high eight‑figure" sum, according to a person familiar with the matter.
Decent.xyz specialises in cross‑chain routing, the technical infrastructure that lets transactions move seamlessly across different blockchains without friction. With 200‑plus blockchains now in scope, that capability is not a nice‑to‑have. It is the entire foundation the platform sits on.
What MoonPay Trade Actually Does
The product covers a lot of ground, and that breadth is deliberate.
MoonPay Trade supports tokenized fund subscriptions, collateral transfers, and integrations with DeFi lending protocols such as Morpho, Aave, and Maple Finance, protocols that allow users to earn yield or borrow against digital assets directly on blockchain rails.
For a bank or fintech that wants to offer its clients access to BlackRock's BUIDL fund, earn yield through Aave, or settle collateral transfers in stablecoin form, MoonPay Trade becomes the single integration that handles all of it.
The $33 Billion Market Behind This Launch
The timing of MoonPay Trade is not accidental. It lands at a moment when the tokenised assets market has crossed a threshold that is hard to ignore.
Tokenized real‑world assets, blockchain‑based versions of stocks, bonds, and funds, now exceed $33 billion in market value, tripling in a year. Boston Consulting Group projected the market could grow to $18.9 trillion by 2033. Large asset managers including BlackRock, Franklin Templeton, and JPMorgan have already introduced tokenized funds on public blockchains, while stablecoins increasingly serve as settlement rails for payments and trading activity.
MoonPay is not entering a speculative market. It is entering one that the world's largest financial institutions are already committed to.
A Former CFTC Chair Is Running the Institutional Business
Fortis The face of MoonPay's institutional push is someone the regulatory world knows well.
MoonPay Trade will serve as the execution arm for MoonPay Institutional, the company's business focused on regulated financial firms and led by former acting CFTC Chair Caroline Pham. "Every major financial institution is building a tokenized asset strategy," Pham said, adding that the platform gives institutions access to onchain markets with full compliance.
Having a former CFTC chair leading the institutional business is a deliberate signal. It tells banks and compliance officers that someone who understands their world, and regulators' expectations, is the person standing behind the product.
An Acquisition Machine in Full Motion
MoonPay has been moving fast. MoonPay Trade and Decent.xyz are the latest in a series of deals that have been reshaping the company from the outside in.
Earlier this month, MoonPay acquired Solana trading infrastructure provider DFlow, which processed more than $12 billion in trading volume in the first quarter of 2026. This year it also acquired security startup Sodot. Last year it acquired payments processors Meso and Helio.
Each acquisition has added a layer, security, trading infrastructure, payments, and now cross‑chain routing. The picture that emerges from those pieces is a company that is quietly assembling everything it needs to become the institutional onchain infrastructure layer that traditional finance will plug into as it moves deeper into digital assets.
The payments company chapter is over. The infrastructure company chapter has just begun.