Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in talks to invest in crypto payments company MoonPay as part of the company’s latest round of funding.
MoonPay is reportedly seeking to raise $5 billion in funding Bloombergwhich cited sources familiar with the deal and did not disclose the dollar amount of the potential investment.
In October, ICE invested $2 billion in prediction platform Polymarket, in a funding round that valued the company at $9 billion.
MoonPay is a financial technology company that provides infrastructure for buying, selling and using cryptocurrencies through fiat on-ramps and off-ramps. Founded in 2019, it allows users to buy crypto through traditional payment methods such as debit and credit cards, while also offering services to wallets, exchanges and businesses looking to integrate crypto payments.
Cointelegraph reached out to ICE and MoonPay but had not heard back at the time of publication.
The investment deals reflect the growing ties between crypto and Wall Street, as traditional financial institutions adopt blockchain technology and form partnerships with crypto companies.
Related: The acting chairman of the CFTC will join MoonPay after leaving the agency
Wall Street and Crypto continue to converge, blurring the lines between the two worlds
Stablecoin company Circle and ICE began exploring stablecoin integration with ICE’s various clearing and data services in March.
Products being tested for possible integrations include Circle’s USDC (USDC) dollar-pegged stablecoin and its tokenized money market fund, US Yield Coin (USYC), an onchain yield product backed by short-term US government bonds.
In December, the US Securities and Exchange Commission (SEC) gave the green light to Depository Trust and Clearing Corporation (DTCC), a financial settlement and clearing infrastructure company, to begin offering tokenized bonds and stocks.
Real-world asset tokenization (RWA) is a way of representing physical or traditional assets on the blockchain, enabling faster settlement times, cross-border transactions, and the ability to use assets as collateral in decentralized finance (DeFi) applications.
DTCC processed approximately $3.7 quadrillion in settlement volume in 2024 and is considered the backbone of the traditional financial system, clearing transactions in the equity, bond, fixed income and financial derivatives markets.
DTCC is expected to launch its tokenized trading services in the second half of 2026 and will mint some US Treasuries on the chain using the Canton Network, a permissioned network of blockchain infrastructure aimed at financial institutions.
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