The regulatory approval followed the payments company obtaining a BitLicense from the NYDFS in June, making it one of a handful of crypto companies to have both.
Cryptocurrency payments company MoonPay said it would expand its offering of regulated services after being granted a trust charter by New York’s Department of Financial Services (NYDFS).
In a Tuesday notice, MoonPay said New York’s financial regulator had granted the company a trust charter. The regulatory approval will allow the payments company to provide crypto custody and over-the-counter trading services in New York.
MoonPay co-founder and CEO Ivan Soto-Wright said the approval would allow the company to “deepen relationships with global financial institutions,” and expand its existing regulated services. The payments company secured a BitLicense from the NYDFS in June.
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