MoonPay Pushes Deeper Into AI with Dawn Labs Acquisition

Crypto payments giant MoonPay has acquired Dawn Labs, an applied research startup focused on artificial intelligence and financial markets, for an undisclosed amount and launched a new AI-native trading product called Dawn CLI. The acquisition marks another major step in MoonPay’s broader effort to build AI-native financial infrastructure that combines crypto payments, trading, tokenization, and autonomous agents.

Dawn CLI allows users to describe trading strategies in plain English while the system handles the underlying technical work. The platform automates user research, generates trading code, runs simulations and backtests, and executes trades autonomously across supported trading venues.

Called "the most powerful way to trade prediction markets," Dawn CLI arrives as prediction markets like Polymarket and Kalshi see rapid growth, averaging daily volumes of $328 million and $180 million, according to Dune data. These markets have attracted traders seeking exposure to elections, sports outcomes, economic indicators, and geopolitical developments. As participation grows, demand for tools that can automate research and execute trades across fragmented platforms has also increased.

How Dawn CLI Works

The process begins with natural language input. Users describe a strategy in plain English instead of writing code manually. Dawn CLI then performs automated user research by gathering relevant market signals and data for the user to evaluate.

The platform generates executable trading code and automatically backtests the strategy under different market conditions. Once users approve the strategy, Dawn CLI can execute trades autonomously on supported platforms.

Neeraj Prasad, founder of Dawn Labs and now Chief Engineer of MoonPay Labs, described the product as an attempt to simplify systematic trading, saying, "We built Dawn to address the fragmentation traders face across research, strategy development, and execution. Competing effectively has required expertise across multiple disciplines at once. Dawn brings those capabilities into a single autonomous system. Joining MoonPay allows us to scale that system to a broader audience."

"The team at Dawn Labs have made the most complex parts of active trading accessible to anyone with an idea, "With Dawn, traders can direct AI agents to develop and execute sophisticated trading strategies autonomously." - Ivan Soto-Wright, CEO and Founder of MoonPay.

The platform uses non-custodial wallets created locally through the Open Wallet Standard. Dawn CLI will initially support Polymarket, then expand to additional trading venues and asset classes in the coming months.

MoonPay Continues Aggressive Expansion Strategy

The Dawn Labs acquisition follows another major MoonPay deal announced earlier this month. On May 5, MoonPay acquired DFlow, a Solana trading infrastructure company, in an all-stock transaction valued at $100 million. DFlow processes routing and execution infrastructure for onchain trading and supports more than 1 million active traders across over 500 applications.

The company has now completed 7 acquisitions since the beginning of 2025, including Helio, Iron, Meso, Decent, Sodot, DFlow, and now Dawn Labs. Those acquisitions have expanded MoonPay’s capabilities across payments, stablecoins, institutional infrastructure, custody, tokenization, and trading. MoonPay has also accelerated its AI-focused product launches over the past year.

The company previously introduced MoonPay CLI, MoonPay Agents with Ledger-secured hardware signing, and MoonAgents Card, a virtual Mastercard debit card that allows users and AI agents to spend stablecoins directly from onchain balances anywhere Mastercard is accepted online.

MoonPay also launched the Open Wallet Standard, which aims to support interoperability across AI agents, frameworks, and blockchains.

According to the company, Dawn CLI represents the next step in building programmable financial infrastructure for both human users and AI systems.

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