North Capital Deal Expands Moonpay’s Tokenized Securities Ambitions

Merger Expands Moonpay’s Reach Financial technology firm Moonpay has entered into a definitive merger agreement to acquire North Capital Investment Technology, a platform providing

• Moonpay is acquiring North Capital Investment Technology to expand its capabilities in private markets and tokenized securities.
• The acquisition integrates North Capital's regulated brokerage and technology services into Moonpay's infrastructure, aiming to support mass adoption of tokenized RWAs.
• This move signifies a trend of crypto firms acquiring established market infrastructure to bridge into traditional finance and tokenized asset markets.

Topics: Institutional adoption, Private market, Infrastructure providers, Asset manager initiatives, Private equity vc, Tokenization platforms

Tags: #moonpay #northcapital #tokenizedsecurities #privatemarkets #acquisition #brokerageservices #sec #ats #rwa #financialinfrastructure

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Nasdaq to Acquire LeveL Markets to Expand Always-On Trading

Nasdaq has agreed to acquire LeveL Markets, a major US alternative trading system (ATS), as the exchange operator moves deeper into tokenized and “always-on” trading infrastructure. The deal combines Nasdaq’s push for programmable market structures with LeveL’s institutional exec...

• Nasdaq is acquiring LeveL Markets, an alternative trading system (ATS), to enhance its capabilities in tokenized and 'always-on' trading infrastructure.
• The acquisition aims to integrate LeveL's institutional execution network into Nasdaq's Digital Liquidity Networks, supporting tokenized equity settlement pilots and longer trading hours.
• This move by Nasdaq aligns with broader industry trends towards continuous trading and highlights the growing importance of execution networks in the evolving landscape of tokenized assets.

Topics: Institutional adoption, Infrastructure providers, Scalability, Asset manager initiatives, Tokenization platforms, Market depth liquidity, Institutional capital inflows

Tags: #nasdaq #levelmarkets #ats #tokenization #alwaysontrading #digitalliquiditynetworks #institutionalexecution #regulatoryapproval #tokenizedequities #marketinfrastructure

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SEC Proposes Scrapping NMS Trade-Through Rule 611

The SEC said it proposed rescinding Regulation NMS Rules 611 and 610(e), reopening a debate over whether the US trade-through rule still helps markets or ma | Bitget crypto news!

• The SEC has proposed rescinding Rule 611 (the trade-through rule) and Rule 610(e), aiming to simplify US equity market structure.
• While not directly for crypto, this could indirectly benefit tokenized equity and blockchain-based ATS by reducing execution complexity and friction.
• The proposal is still open for public comment and signifies the SEC's willingness to revisit pre-digital asset era market rules.

Topics: Legal regulatory, Public market, Scalability, Securities law classification, Stock equity tokenization, Market depth liquidity

Tags: #sec #rule611 #tradethroughrule #marketstructure #tokenizedequity #blockchain #ats #execution #regulationnms #secproposal

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