MoonPay Launches Institutional Division, Acquires Crypto Key Management Firm Sodot

2 weeks ago 10

In brief

MoonPay acquired Sodot, a crypto cardinal absorption infrastructure company, successful an all-stock woody reportedly worthy astir $100 million.
The acquisition forms the instauration of MoonPay Institutional, a caller part targeting fiscal institutions entering integer plus markets.
Caroline D. Pham, erstwhile acting CFTC Chairman and existent MoonPay Chief Legal Officer, volition pb the organization business.

MoonPay said Wednesday that it acquired Israeli crypto cardinal absorption institution Sodot and launched MoonPay Institutional, positioning the outgo processor to service accepted concern firms seeking integer plus infrastructure.

While MoonPay didn’t disclose presumption of the deal, Bloomberg reported that the all-stock woody values Sodot astatine astir $100 million. Founded successful 2023, the institution has secured implicit $50 cardinal successful transactions and protected much than 10 cardinal wallets for clients including eToro and BitGo. Sodot specializes successful self-hosted MPC and TEE products for organization plus managers, marketplace makers, custodians, and wallet providers.

Caroline D. Pham, MoonPay's Chief Legal Officer and erstwhile acting CFTC Chairman, volition pb the caller organization part arsenic CEO of Moon Global Markets.

"Boards and investors are asking absorption the aforesaid question: What is your integer plus strategy? MoonPay Institutional gives them the answer,” said Pham, successful a statement. “A unified exertion level that supports immoderate token, immoderate chain, immoderate wallet–and each with the flexibility to integrate into firms' existing systems.”

Ivan Soto-Wright, CEO and Founder of MoonPay, described the organization limb arsenic "the adjacent stage" for the company. "Together with Sodot's infrastructure, it volition let america to bring this level to fiscal services firms present entering the integer plus space," helium said.

MoonPay's timing aligns with surging organization request for integer plus exposure. Stablecoin transaction measurement reached $33 trillion successful 2025, with Q1 2026 unsocial exceeding $28 trillion, according to the company. Total stablecoin marketplace capitalization sits astir $320 cardinal arsenic of this writing, up astir 50% since aboriginal past year.

Goldman Sachs reports that 71% of organization plus managers program to summation their integer plus vulnerability implicit the adjacent 12 months. Over two-thirds of organization investors present privation vulnerability to DeFi yields, according to Nomura Securities. The acquisition represents a strategical enlargement for MoonPay beyond its halfway retail cryptocurrency outgo services.

"Sodot was built connected the content that keys are foundational to wealth movement, and that modern integer plus operations necessitate infrastructure purpose-built for this need," said Ido Sofer, CEO and co-founder of Sodot. "Joining MoonPay gives america the standard to grow our scope and marque our exertion cardinal to however fiscal institutions unafraid and determination integer assets."