Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), is in discussions to invest in the crypto payments company MoonPay as part of its latest funding round.
MoonPay aims to raise funds at a valuation of $5 billion, according to Bloomberg, which cited sources familiar with the matter and did not reveal the potential investment amount.
In October, ICE invested $2 billion in the prediction platform Polymarket, which increased the company’s valuation to $9 billion.
MoonPay is a fintech firm that facilitates buying, selling, and using cryptocurrencies through fiat on-ramps and off-ramps. Established in 2019, it allows users to purchase crypto with traditional payment methods like debit and credit cards while providing services to wallets, exchanges, and businesses looking to integrate crypto payments.
Cointelegraph reached out to ICE and MoonPay but had not received a response by the time of publication.
The investment agreements signify the increasing connections between crypto and Wall Street, as traditional financial firms adopt blockchain technology and collaborate with crypto companies.
Related: Acting CFTC chair to join MoonPay after leaving agency
Wall Street and Crypto continue to converge, blurring the lines between both worlds
Stablecoin company Circle and ICE began discussing a stablecoin integration with ICE’s various clearing and data services in March.
The products being evaluated for possible integrations include Circle’s USDC (USDC) dollar-pegged stablecoin and its tokenized money market fund, US Yield Coin (USYC), a yield-bearing product secured by short-term US Treasurys.
In December, the US Securities and Exchange Commission (SEC) approved the Depository Trust and Clearing Corporation (DTCC), a financial settlement and clearing infrastructure firm, to start offering tokenized bonds and stocks.
Real-world asset (RWA) tokenization represents traditional assets on a blockchain, facilitating faster settlement times, cross-border transactions, and the ability to use assets as collateral in decentralized finance (DeFi) applications.
DTCC managed roughly $3.7 quadrillion in settlement volume in 2024 and is regarded as the backbone of the traditional financial system, facilitating transactions across equity, bond, fixed income, and derivatives markets.
The DTCC is set to launch its tokenized trading services in the second half of 2026 and will mint some US Treasurys on-chain utilizing the Canton Network, a permissioned blockchain infrastructure tailored for financial institutions.
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