MoonPay Acquires Sodot for Institutional Crypto Expansion
- MoonPay has acquired Israeli crypto security startup Sodot in an all-stock deal valued at approximately $100 million.
- The acquisition aims to establish MoonPay Institutional, a division focused on providing digital asset services to traditional financial firms.
- MoonPay Institutional will offer access to crypto and blockchain offerings, including trading, tokenized securities, payments, wallet services, and stablecoin issuance.
- The new unit will be led by Caroline Pham, who joined MoonPay as chief legal officer and chief administrative officer after serving as acting chair of the Commodity Futures Trading Commission in 2025.
- Caroline Pham highlighted growing regulatory clarity and improvements in blockchain reliability as factors boosting institutional confidence in decentralized finance.
MoonPay’s acquisition of Sodot marks a strategic move to enhance its institutional offerings through the newly formed MoonPay Institutional division. The initiative is set to provide comprehensive digital asset services amid increasing regulatory clarity and blockchain advancements.
Source (3.2)https://cryptobriefing.com/moonpay-acquisition-sodot-crypto-security/?rand=59535
