NYSE Parent Company Mulls Investment in Crypto-Native MoonPay: Report
Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is negotiating an investment in crypto payments company MoonPay, which is raising funds at a $5 billion valuation. MoonPay provides infrastructure for crypto transactions, enabling purchases with traditional payment methods and integrating services for wallets, exchanges, and enterprises. ICE previously invested $2 billion in Polymarket, highlighting growing links between traditional finance and the crypto sector. Other recent developments include ICE and Circle exploring integration of Circle’s USDC stablecoin and US Yield Coin into ICE’s clearing services, and the SEC approving DTCC to offer tokenized bonds and stocks. DTCC, handling $3.7 quadrillion in settlements in 2024, plans to launch tokenized trading services in 2026 using onchain US Treasurys through the Canton Network. These initiatives reflect increasing adoption of blockchain and crypto technologies by established financial institutions, accelerating the convergence between Wall Street and the crypto industry.
