Intercontinental Trade (ICE), the parent company of the New York Inventory Trade (NYSE), is in talks to invest in crypto funds company MoonPay as a part of the company’s newest funding spherical.
MoonPay is searching for to elevate funds at a $5 billion valuation, in accordance to Bloomberg, which cited sources aware of the deal and didn’t disclose the greenback quantity of the potential funding.
In October, ICE invested $2 billion in prediction platform Polymarket, in a funding spherical that introduced the company’s valuation to $9 billion.
MoonPay is a monetary expertise company that gives infrastructure for purchasing, promoting and utilizing cryptocurrencies via fiat on-ramps and off-ramps. Based in 2019, it permits customers to buy crypto utilizing conventional fee strategies reminiscent of debit and bank cards, whereas providing companies to wallets, exchanges and enterprises searching for to combine crypto funds.
Cointelegraph reached out to ICE and MoonPay however had not obtained a response at time of publication.
The funding offers replicate the rising ties between crypto and Wall Avenue, as conventional monetary establishments undertake blockchain expertise and type partnerships with crypto corporations.
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Stablecoin company Circle and ICE started exploring a stablecoin integration with ICE’s varied clearing and knowledge companies in March.
The merchandise being examined for doable integrations embody Circle’s USDC (USDC) dollar-pegged stablecoin and its tokenized cash market fund, US Yield Coin (USYC), an onchain yield-bearing product backed by short-term US Treasurys.
In December, the US Securities and Trade Fee (SEC) gave the inexperienced gentle to the Depository Belief and Clearing Company (DTCC), a monetary settlement and clearing infrastructure company, to start providing tokenized bonds and shares.
Actual-world asset (RWA) tokenization is a approach of representing bodily or conventional belongings on a blockchain, which permits for sooner settlement occasions, cross-border transactions and the power to use belongings as collateral in decentralized finance (DeFi) functions.
DTCC dealt with about $3.7 quadrillion in settlement quantity in 2024 and is taken into account the spine of the standard monetary system, clearing transactions throughout the fairness, bond, fastened revenue and monetary derivatives markets.
The DTCC is predicted to launch its tokenized buying and selling companies in the second half of 2026 and can mint some US Treasurys onchain utilizing the Canton Community, a permissioned community of blockchain infrastructure geared towards monetary establishments.
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