COINOTAG News reports that Intercontinental Exchange Group (ICE), the owner of the New York Stock Exchange, is engaging MoonPay in talks for a potential funding round, with a target valuation near $5 billion. The talks indicate institutional consideration of strategic financing in the crypto payments space, though representatives from ICE and MoonPay have declined to comment.

MoonPay, established in 2019, has become a prominent name in crypto payments and on-ramp services. In the late 2021 fundraising cycle, MoonPay’s valuation was reported at about $3.4 billion, underscoring the scale of private capital in this segment.

If realized, the transaction would reflect growing collaboration between traditional market infrastructure and digital asset rails, potentially widening distribution for crypto payment offerings tied to regulated exchanges. The parties have not disclosed terms, and market rivals will watch how any potential deal could affect liquidity and competition.