MoonPay has received approval from the New York State Department of Financial Services on November 25 to begin offering trust charter services in the state.
The permit authorizes digital asset custody and over-the-counter trading, which expands MoonPay’s regulated service offerings in New York.
The firm secured a BitLicense in June and made it one of only a few crypto companies to hold both authorizations from NYDFS.
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The BitLicense allowed operation under one of the strictest crypto rules in the US and completed its regulated access across all regions. The trust charter adds key new capabilities in addition to that regulatory foundation.
MoonPay announced a project on November 13 to help issuers create and share their own stablecoins under the recently signed GENIUS Act.
Service expansion includes working more closely with global banks and widening regulated offerings under the trust framework.
The company has joined a list of digital-asset firms holding both a BitLicense and a trust charter in New York. Notable others include Coinbase
$2.22B
, Ripple Labs, and NYDIG.
Meanwhile, some of these firms, including Coinbase and Ripple, have also submitted applications for federal trust charters via the US Office of the Comptroller of the Currency, with no decision announced yet.
Recently, the US Securities and Exchange Commission’s Division of Corporation Finance provided a no-action letter to Fuse Crypto Limited. What does it say? Read the full story.
