TL;DR
- Intercontinental Exchange, owner of the New York Stock Exchange, is in talks to invest in MoonPay as part of a funding round nearing completion with a valuation close to $5 billion.
- The discussions reflect rising institutional interest in crypto infrastructure rather than speculative trading.
- MoonPay continues to scale through acquisitions, regulatory-focused hires, and stablecoin-related services as traditional finance deepens its involvement in digital assets.
Intercontinental Exchange, the parent company of the New York Stock Exchange, is reportedly exploring an investment in MoonPay, according to Bloomberg. The potential deal would connect one of the world’s largest market infrastructure operators with a crypto payments firm focused on simplifying access to digital assets through regulated financial rails.
Bloomberg Reports NYSE Parent Interest In MoonPay
People familiar with the matter cited by Bloomberg said ICE is in advanced discussions to participate in MoonPay’s latest funding round. The raise is described as close to completion and targets a valuation of around $5 billion, above the company’s last known valuation during the 2021 market cycle. While the exact investment size has not been disclosed, the talks signal continued engagement from ICE with crypto businesses that emphasize payments, compliance, and infrastructure.
ICE is not new to the sector. In October, the exchange operator agreed to invest up to $2 billion in Polymarket, a blockchain-based prediction market, at a post-investment valuation near $9 billion. That move highlighted ICE’s strategy of backing crypto platforms tied to real-world use cases and structured markets rather than purely speculative activity.
MoonPay Expansion And Compliance-Oriented Strategy
Founded in 2019, MoonPay built software that enables users to convert traditional currencies into crypto assets using cards, bank transfers, and local payment methods. Over the past year, the company acquired at least four startups to broaden its product offering and international footprint. It also rolled out initiatives linked to stablecoin services, responding to growing demand for dollar-pegged tokens in payments and settlement.
MoonPay recently strengthened its regulatory profile with a high-level hire. Acting CFTC Chair Caroline D. Pham is set to join the company as chief legal officer and chief administrative officer once her public role concludes. The appointment reflects MoonPay’s focus on navigating US regulatory frameworks as digital asset rules continue to evolve.
Institutional Capital Continues Flowing Into Crypto
The crypto sector attracted significant capital in 2025, particularly for firms building infrastructure rather than trading platforms. PitchBook data shows that crypto and blockchain companies raised nearly $19 billion this year, the highest total since 2022. Large rounds for companies such as Ripple point to sustained institutional interest in stablecoin payments and enterprise-grade solutions.
