MoonPay has acquired Decent.xyz, a YC-backed cross-chain routing and liquidity company, marking its fourth acquisition of 2026, according to an announcement on Thursday. The deal was valued at an eight-figure sum, according to a person familiar with the matter. Through this acquisition, MoonPay is launching MoonPay Trade, an institutional-grade unified API designed to enable onchain execution, settlement, conversion, and payments across over 200 chains and protocols. The new platform combines Decent's proprietary routing algorithms, bridge infrastructure, and liquidity layer with MoonPay's existing fiat on-and-off-ramps and compliance infrastructure to deliver "one-click" transactions. MoonPay Trade will also power MoonPay Institutional's tokenization efforts. The acquisition reflects a broader consolidation trend in crypto infrastructure, positioning MoonPay as a vertically integrated stack spanning on-and-off ramps, payments, key management, and cross-chain routing.
Product and Institutional Focus
MoonPay Trade leverages Decent's proprietary routing algorithms, bridge infrastructure, and liquidity layer combined with MoonPay's fiat on-and-off-ramp and compliance capabilities. The platform provides "one-click" transactions for institutions and enterprises accessing onchain markets. The tool is positioned as the execution layer for MoonPay Institutional's tokenization efforts.
Executive Leadership
Caroline D. Pham, Chief Legal Officer and CEO of MoonPay Institutional, stated: "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."
Pham served as a CFTC commissioner beginning in 2022 and as acting chair for a period in 2025 before joining MoonPay.
2026 Acquisition Strategy
The Decent.xyz acquisition represents MoonPay's fourth deal of 2026. Earlier acquisitions in 2026 include DFlow (a Solana-based infrastructure trading platform), Dawn (an AI trading tool), and Sodot (a crypto key-management infrastructure firm). Sodot's acquisition supported the launch of MoonPay Institutional in April. In 2025, MoonPay also acquired Meso, Iron, and Helio.
About Decent.xyz
Decent was founded in 2021 and initially launched as a music NFT project before pivoting to chain-abstracted user experience and low-level cross-chain liquidity infrastructure.
