[DigitalToday reporter Chi-gyu Hwang] Crypto onramp company MoonPay has acquired Solana-based trading infrastructure company DFlow, The Block reported on May 5.

The specific terms of the acquisition were not disclosed.

Fortune previously reported, citing unnamed sources, that MoonPay acquired DFlow with $100 million worth of stock.

DFlow is a trading infrastructure platform used by Coinbase and Phantom and has processed more than $50 billion in transactions. MoonPay said it processes about 10 million transactions a month and supports 99.9 percent of Solana-based tokens.

MoonPay founder and CEO Ivan Soto-Wright (이반 소토-라이트) said, "DFlow has become one of the most important trading infrastructure providers on Solana in just a year." He added, "By integrating DFlow’s execution layer, we now have the speed, reliability and scale needed to support everything from high-volume trading to next-generation agent-based financial applications."

Founded in 2019, MoonPay is known for a service that converts fiat currency into cryptocurrency. The acquisition is a move to expand its business into trading infrastructure. DFlow founder and CEO Nitesh Nath (니테쉬 나스) said, "We built DFlow to solve the problem of delivering reliable trade execution in a fragmented on-chain environment." He added, "Joining MoonPay will allow us to scale this infrastructure globally and support a new generation of applications, from trading platforms to autonomous agents."

DFlow has also entered the prediction market sector. It built an API that tokenises Kalshi prediction markets on Solana. Through the API, all markets on Kalshi’s order book are represented as Solana tokens, and DFlow handles issuance and settlement.