MoonPay expands into tokenized assets and DeFi markets with new platform for banks

With MoonPay Trade, the crypto payments firm is building infrastructure for banks, fintechs to access stablecoins, tokenized funds and yield in a one-stop shop. What to know : MoonPay is expanding beyond crypto payments to give banks and fintechs access to tokenized assets, DeFi and stablecoin liquidity across more than 200 blockchains. The platform is underpinned by Decent.xyz, the cross-chain startup MoonPay acquired, and will support the firm's financial institutional business led by former acting CFTC Chair Caroline Pham. Tokenized assets has become rapidly growing crypto sector attracting the interest of Wall Street firms as traditional finance and blockchain increasingly intertwine.