In short
- MoonPay acquired Sodot, a crypto key administration infrastructure firm, in an all-stock deal reportedly price about $100 million.
- The acquisition varieties the muse of MoonPay Institutional, a brand new division focusing on monetary establishments coming into digital asset markets.
- Caroline D. Pham, former appearing CFTC Chairman and present MoonPay Chief Authorized Officer, will lead the institutional enterprise.
MoonPay mentioned Wednesday that it acquired Israeli crypto key administration firm Sodot and launched MoonPay Institutional, positioning the cost processor to serve conventional finance corporations searching for digital asset infrastructure.
Whereas MoonPay didn’t disclose phrases of the deal, Bloomberg reported that the all-stock deal values Sodot at about $100 million. Based in 2023, the corporate has secured over $50 billion in transactions and guarded greater than 10 million wallets for purchasers together with eToro and BitGo. Sodot focuses on self-hosted MPC and TEE merchandise for institutional asset managers, market makers, custodians, and pockets suppliers.
Caroline D. Pham, MoonPay’s Chief Authorized Officer and former appearing CFTC Chairman, will lead the brand new institutional division as CEO of Moon International Markets.
“Boards and buyers are asking administration the identical query: What’s your digital asset technique? MoonPay Institutional offers them the reply,” mentioned Pham, in a press release. “A unified expertise platform that helps any token, any chain, any pockets–and all with the flexibleness to combine into corporations’ current techniques.”
Ivan Soto-Wright, CEO and Founding father of MoonPay, described the institutional arm as “the following stage” for the corporate. “Along with Sodot’s infrastructure, it’ll enable us to carry this platform to monetary providers corporations now coming into the digital asset house,” he mentioned.
MoonPay’s timing aligns with surging institutional demand for digital asset publicity. Stablecoin transaction quantity reached $33 trillion in 2025, with Q1 2026 alone exceeding $28 trillion, based on the corporate. Complete stablecoin market capitalization sits round $320 billion as of this writing, up about 50% since early final yr.
Goldman Sachs reviews that 71% of institutional asset managers plan to extend their digital asset publicity over the following 12 months. Over two-thirds of institutional buyers now need publicity to DeFi yields, based on Nomura Securities. The acquisition represents a strategic growth for MoonPay past its core retail cryptocurrency cost providers.
“Sodot was constructed on the idea that keys are foundational to cash motion, and that trendy digital asset operations require infrastructure purpose-built for this want,” mentioned Ido Sofer, CEO and co-founder of Sodot. “Becoming a member of MoonPay offers us the dimensions to increase our attain and make our expertise central to how monetary establishments safe and transfer digital belongings.”
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