In a groundbreaking regulatory achievement, MoonPay has been granted a Limited Purpose Trust Charter by the New York State Department of Financial Services (NYDFS), announced on November 25, 2025. This approval allows MoonPay to provide cryptocurrency custody and over-the-counter trading services throughout New York, one of the world's most stringent regulatory environments.
MoonPay now holds both a BitLicense and a trust charter, placing it in exclusive company alongside major players like Coinbase, PayPal, and Ripple. The trust charter process involved rigorous scrutiny of financial stability, security protocols, and compliance measures, demonstrating MoonPay's commitment to operating within established frameworks. CEO Ivan Soto-Wright stated this will enable the company to deepen relationships with global financial institutions and expand regulated services.
Key benefits for New York residents include enhanced security for digital assets, regulatory consumer protections, increased accessibility to professional crypto services, and greater institutional confidence. MoonPay had previously secured a BitLicense in June 2025, and this dual approval signals broader market maturation, bridging traditional finance with digital assets.
