MoonPay announces fourth acquisition of the year with Decent, as it launches MoonPay Trade
MoonPay has purchased Decent.xyz, a YC-backed cross-chain routing and liquidity company, marking at least its fourth acquisition of the year, according to an announcement on Thursday.
A person familiar with the matter told The Block it was an eight-figure deal.
With the acquisition, MoonPay is launching MoonPay Trade, positioned as an institutional-grade unified API for onchain execution, settlement, conversion, and payments across over 200 chains and protocols.
MoonPay Trade leverages Decent’s proprietary routing algorithms, bridge infrastructure, and liquidity layer, and MoonPay’s existing fiat on-and-off-ramps and compliance infrastructure to provide "one-click" transactions. The tool will also help power MoonPay Institutional’s tokenization efforts.
"Every major financial institution is building a tokenized asset strategy. MoonPay Trade is the execution layer that MoonPay Institutional is built on, giving firms one technology platform to access onchain markets with full compliance," MoonPay Chief Legal Officer and CEO of MoonPay Institutional Caroline D. Pham said in a statement.
Pham served as a CFTC commissioner beginning in 2022 and acting chair for a period in 2025 before joining MoonPay.
In some sense, MoonPay is evolving into a vertically integrated crypto-to-fiat-and-back infrastructure stack, aimed especially at institutions and enterprises. Its services span on-and-off ramps, payments, key management, and now cross-chain routing, liquidity, and execution.
The deal comes amid a wave of consolidations in the crypto industry. Earlier this week, for instance, crypto infrastructure firm Blocknative was rolled into Deloitte.
MoonPay has been ramping up its acquisitions in 2026, having previously announced deals to buy the Solana-based infrastructure trading platform DFlow and AI trading tool Dawn. It also acquired Sodot, a crypto key-management infrastructure firm, which helped back the launch of MoonPay Institutional in April. Last year, MoonPay also purchased Meso, Iron, and Helio.
Decent, founded in 2021, launched as a music NFT project before pivoting hard into chain-abstracted UX and low-level cross-chain liquidity, according to the announcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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