MoonPay launches cross‑chain platform for banks
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- MoonPay launched MoonPay Trade, a platform that lets banks and fintechs access stablecoins, tokenized funds, and DeFi protocols across more than 200 blockchains via a single integration.
- Decent.xyz—the cross‑chain routing startup MoonPay acquired for a high eight‑figure sum—underpins MoonPay Trade’s cross‑chain capabilities.
- Caroline Pham, former acting CFTC Chair, leads MoonPay Institutional, which will use MoonPay Trade to provide regulated firms with compliant on‑chain market access.
- RWA.xyz data shows tokenized real‑world assets exceed $33 billion, tripling in a year, and BCG projects the market could reach $18.9 trillion by 2033.
- MoonPay has been on an acquisition spree, recently buying Solana trading infrastructure DFlow (which processed $12 billion in Q1 volume) and security startup Sodot, expanding its infrastructure beyond crypto payments.
Why it matters: Banks and fintechs gain a gateway to on‑chain yield and stablecoin liquidity, unlocking $33 bn of tokenized assets and accelerating their shift from legacy settlement rails. MoonPay expands its revenue base serving regulated firms while lagging banks risk losing market share.
