MoonPay, a global crypto payments and stablecoin infrastructure company, said on May 22 it launched MoonPay Trade. It said the platform enables institutions, companies and applications to access more than 200 blockchains and protocols through a single API.

The company said MoonPay Trade connects liquidity and trading infrastructure dispersed across onchain markets into a single integrated interface. It said companies and financial institutions can use onchain trade execution, settlement, conversion and payment functions across more than 120 fiat currencies without separate development work.

MoonPay said MoonPay Trade is part of a push to expand beyond its on-ramp and off-ramp business, which supports digital asset purchases and sales and fiat conversion. It said the move extends its business into digital financial infrastructure for institutions and companies, including onchain trade execution and settlement, stablecoins and tokenised assets.

The MoonPay Trade platform is based on the technology and team of Decent.xyz, a cross-chain routing company acquired by MoonPay.

It is expected to serve as core trade execution infrastructure at MoonPay Institutional, an institutional financial services unit led by Caroline D. Pham, former acting chairman of the U.S. Commodity Futures Trading Commission (CFTC). The company said MoonPay has supported entry and exit points in digital asset markets, while the new platform will support the full process in between, including cross-chain trade execution, collateral and asset transfers, tokenised fund subscriptions and onchain settlement, based on institutional-grade compliance infrastructure.

Lee Boo-geon (이부건), MoonPay's head of Asia, said, "For Korea's tokenisation market to grow to the next level, infrastructure is important not only for asset issuance but also to connect and distribute those assets in the global onchain market." He said, "MoonPay Trade will provide a foundation for Korean financial institutions to participate in the global tokenisation market by connecting won stablecoins, tokenised funds and onchain assets to more than 200 chains through a single API."