MoonPay Bolsters Infrastructure with Meso Acquisition to Power Web3 Growth

MoonPay, a global leader in cryptocurrency on-ramping, has announced the acquisition of Meso Network, a blockchain infrastructure provider specializing in cross-chain interoperability solutions. This strategic move is aimed at enhancing MoonPay's ability to facilitate seamless transactions across multiple blockchain networks. The acquisition is expected to bolster MoonPay’s infrastructure capabilities and expand its technical offerings to both developers and end-users.

As part of the acquisition, Meso Network’s co-founder and CEO, David Chaum, has joined MoonPay as Chief Technology Officer. Chaum brings with him extensive experience in decentralized identity and privacy-focused technologies, which aligns with MoonPay’s long-term vision of building a more inclusive and secure financial ecosystem. Additionally, other key members of Meso’s team have joined MoonPay’s engineering division.

The integration of Meso Network’s cross-chain protocols is expected to reduce latency and transaction costs for MoonPay users, particularly those engaging in cross-border transactions and multi-chain asset swaps. According to internal data, MoonPay has seen a 40% increase in cross-chain transaction volume over the past six months, indicating a growing demand for infrastructure that supports multi-chain environments.

MoonPay’s board of directors has also announced the addition of several new members, including former executives from major fintech firms and blockchain startups. These appointments are intended to strengthen MoonPay’s corporate governance and provide strategic direction as the company continues to scale its global operations.

The acquisition marks another step in MoonPay’s broader strategy to expand its product portfolio beyond fiat-to-crypto onboarding and into infrastructure and developer tools. With the integration of Meso Network’s technology, the company is expected to further solidify its position as a key player in the Web3 infrastructure space. Investors and industry analysts view this move as a proactive response to the increasing demand for scalable and interoperable blockchain solutions.