Intercontinental Exchange (ICE), the parent entity behind the New York Stock Exchange (NYSE), is currently negotiating an investment in the cryptocurrency payment platform MoonPay, as part of this firm’s latest round of funding.

MoonPay is working to secure capital at a valuation of $5 billion, as reported by Bloomberg, although the specific investment amount remains undisclosed.

Just the previous month, ICE made headlines with a hefty $2 billion investment in the prediction platform known as Polymarket, which elevated its worth to $9 billion.

Founded in 2019, MoonPay has established itself as a financial technology powerhouse, facilitating the buying, selling, and utilization of cryptocurrencies through fiat on-ramps and off-ramps. It allows customers to obtain cryptocurrencies using familiar payment options like debit and credit cards, catering to wallets, exchanges, and enterprises looking to incorporate crypto payments.

Polymarket founder Shayne Coplan (left) and Intercontinental Exchange CEO Jeffrey Sprecher (right) outside the NYSE post the $2 billion deal. Source: Shayne Coplan In their outreach efforts, Cointelegraph attempted to connect with both ICE and MoonPay, but no response was received at the time of this publication.

These recent investment activities signify a burgeoning relationship between cryptocurrency and Wall Street as conventional financial institutions adopt blockchain technology and form partnerships with crypto companies.

The Convergence of Wall Street and Cryptocurrency

In March, the stablecoin issuer Circle, in collaboration with ICE, began exploratory talks on stablecoin integration with the aim of combining Circle’s USDC dollar-pegged stablecoin and its tokenized money market product, US Yield Coin (USYC), which is an on-chain yield-insured asset supported by short-term US Treasury bonds.

In December, the US Securities and Exchange Commission (SEC) provided approval for the Depository Trust and Clearing Corporation (DTCC) to initiate services offering tokenized bonds and stocks. Real-world asset (RWA) tokenization represents how physical or traditional assets can be represented on a blockchain, enhancing faster settlement speeds, enabling cross-border transactions, and permitting the use of assets as collateral in decentralized finance applications.

The DTCC is recognized as the backbone of the traditional finance sector, having managed approximately $3.7 quadrillion in transaction volumes in 2024, aiding in the clearance of equity, bond, fixed income, and financial derivatives dealings. The launch of DTCC’s tokenized trading services is anticipated in the latter half of 2026, with plans to mint certain US Treasurys on-chain using the Canton Network, a restricted network of blockchain infrastructure aimed at financial institutions.