MoonPay has launched MoonPay Trade, a new institutional platform that gives banks, fintechs, and enterprises access to tokenized assets, DeFi protocols, and stablecoin liquidity across more than 200 blockchains. The product is built as a single integration, allowing financial firms to reach onchain markets without setting up separate connections for each blockchain, protocol, or liquidity venue. The release moves MoonPay beyond its earlier identity as a crypto payments gateway and into digital asset market infrastructure.
The company said the platform is designed for institutions exploring tokenized funds, stablecoin settlement, collateral transfers, and DeFi lending. Those use cases have moved closer to traditional finance as banks, asset managers, and fintech firms test blockchain rails for issuance, trading, and post-trade operations. MoonPay also said MoonPay Trade will serve as the execution layer for MoonPay Institutional, its regulated financial business led by former acting Commodity Futures Trading Commission Chair Caroline Pham.
Decent.xyz provides the cross-chain routing layer
The platform is powered by Decent.xyz, a cross-chain routing startup acquired by MoonPay. A person familiar with the matter said the deal was completed for a “high eight-figure” amount. That acquisition gives MoonPay routing technology that can connect users to multiple blockchains, assets, and protocols through a single integration.
This kind of infrastructure addresses a practical problem for institutions. Access to onchain finance remains fragmented: tokenized assets can sit on different networks, stablecoin liquidity can vary across chains, and DeFi protocols often require their own technical setup. For banks and fintech firms, that means higher costs, added operational risk, and more compliance complexity. MoonPay is packaging cross-chain access into one service rather than leaving institutions to stitch the stack together on their own.
Recent acquisitions broaden MoonPay’s stack
MoonPay has been adding capabilities beyond payments. Earlier this month, the company acquired Solana trading infrastructure provider DFlow, which processed more than $12 billion in trading volume during the first quarter. This year it also acquired security startup Sodot, after buying payment processors Meso and Helio last year.
Those deals show a wider buildout across execution, routing, security, and institutional access. MoonPay Trade fits into that pattern. Instead of offering only a retail-facing crypto purchase tool, the company is assembling a broader infrastructure layer for tokenized finance and onchain market access.
Tokenized assets are drawing stronger institutional demand
The launch comes as tokenization expands quickly within institutional crypto markets. Citing RWA.xyz data, MoonPay said tokenized real-world assets, including blockchain-based versions of stocks, bonds, and funds, now exceed $33 billion in market value. That figure has tripled over the past year. Boston Consulting Group has projected that the tokenized asset market could reach $18.9 trillion by 2033.
Large financial firms including BlackRock, Franklin Templeton, and JPMorgan have already introduced tokenized funds on public blockchains. The draw is not limited to issuance. Stablecoins are increasingly being used as settlement rails for payments and trading, while tokenized funds can support faster transfers, programmable ownership records, and new collateral workflows.
MoonPay Trade supports tokenized fund subscriptions, collateral transfers, and integrations with DeFi lending protocols including Morpho, Aave, and Maple Finance. Those protocols allow users to earn yield or borrow directly against digital assets onchain. In a statement, Caroline Pham said, “Every major financial institution is building a tokenized asset strategy,” adding that the platform gives institutions access to onchain markets “with full compliance.”
Banks and DeFi protocols are watching for real adoption
For banks and fintechs, MoonPay Trade offers a way to test or launch onchain products without managing direct integrations across hundreds of networks. That could make it easier to add tokenized fund access, collateral movement, and stablecoin settlement to existing financial products.
For DeFi protocols, the platform could channel more institutional activity into lending markets such as Morpho, Aave, and Maple Finance. The stronger link between regulated firms and onchain credit markets also brings heavier demands around compliance, risk controls, and counterparty screening. Whether MoonPay is accepted as a trusted institutional access layer will depend on compliance standards, execution quality, and whether tokenized markets continue to grow beyond pilot programs.