Intercontinental Exchange Inc. (ICE), the owner of the New York Stock Exchange, is in talks to invest in crypto payments company MoonPay as part of a new funding round, Bloomberg reported, citing people familiar with the matter. The discussions involve a potential investment that would value MoonPay at about $5bn, according to the report.
NYSE Owner ICE in Talks to Invest in Crypto Payments Firm MoonPay: Bloomberg
19 December 2025 - 09:57 CET
By Giles Broom
MoonPay, which is based in New York, is thought to be close to completing the fundraising. The valuation under discussion would mark a sharp increase from the company’s previous valuation of about $3.4 billion, achieved in its last funding round. Neither ICE nor MoonPay has publicly commented on the talks.
If completed, the investment would deepen ICE’s exposure to digital assets at a time when traditional market operators are increasingly exploring crypto-related infrastructure. ICE already operates Bakkt, its crypto platform focused on custody and institutional services, and has been expanding its involvement across digital markets through a mix of investments and partnerships.
The reported talks come as MoonPay continues to broaden its business beyond its original role as a crypto on- and off-ramp platform. The company has been positioning itself as a full-service digital asset provider, including custody and institutional trading capabilities. That shift has been supported by recent regulatory approvals in New York, where MoonPay obtained both a BitLicense and a Limited Purpose Trust Charter, allowing it to hold client assets and offer a wider range of crypto services under one of the world’s most stringent regulatory regimes.
