We’re thrilled to announce that we are now offering Virtual Accounts, powered by Iron, in New York State!
Fintechs, crypto platforms, neobanks, brokerages, and financial institutions can now integrate compliant fiat-to-stablecoin infrastructure for businesses and end users – whether they operate within New York or serve businesses, counterparties, or end users based in the state.
Virtual Accounts enable platforms to issue named, dedicated accounts to end users that can receive fiat funds via local and international payment rails such as ACH, Wire, and SWIFT. Incoming funds are automatically converted into stablecoins and settled directly into users’ non-custodial wallets. By connecting traditional payment methods with blockchain-based settlement through a single API, Virtual Accounts enable fiat-to-stablecoin flows across payments, trading, treasury, and global money movement.
New York's concentration of financial institutions, asset managers, and fintechs, combined with its respected regulatory framework, makes this launch particularly significant.
“The ability to offer this product to residents of New York allows us to bring stablecoin infrastructure directly into one of the most important financial ecosystems globally,” said Max von Wallenberg, CEO of Iron. “Platforms can now offer Virtual Accounts and fiat-to-stablecoin capabilities to their customers, whether they are based in New York or serving customers in the state. This is a key step toward making stablecoin infrastructure a standard component of modern financial services.”
MoonPay joins a select group of providers that offer Virtual Accounts in the state, enabling platforms to access stablecoin infrastructure in a compliant and scalable way.
With New York added to its available jurisdictions for Virtual Accounts, MoonPay is positioned to support enterprise platforms across the full spectrum of U.S. financial markets. Through a unified API, customers can access Virtual Accounts, fiat on- and off-ramps, payouts, and stablecoin rails, all built on MoonPay’s global licensing footprint and compliance infrastructure.
MoonPay received its BitLicense and Money Transmitter Licenses, and a New York Limited Purpose Trust Charter, from the New York State Department of Financial Services (NYDFS) in 2025.