TLDR
- MoonPay acquired Israeli crypto security startup Sodot in an all-stock deal valued at about $100 million.
- The company finalized the transaction this month and confirmed plans to launch MoonPay Institutional.
- MoonPay Institutional will provide trading, tokenized securities, payments, wallet services, and stablecoin issuance.
- Sodot’s multi-party computation technology will serve as the core security layer for the new division.
- Caroline D. Pham will lead the institutional unit after joining MoonPay in December.
MoonPay has purchased Israeli crypto security firm Sodot in an all-stock deal valued at about $100 million. The company completed the transaction this month and confirmed plans to launch a new institutional division. Bloomberg reported the acquisition on Wednesday, citing people familiar with the matter.
MoonPay and Sodot Deal Establishes Institutional Division
MoonPay will use the acquisition to create MoonPay Institutional, a division focused on large financial firms. The unit will offer trading tools, tokenized securities, payment services, wallet management, and stablecoin issuance. The company said Sodot’s infrastructure will power the core security layer of the new business.
Sodot builds self-hosted multi-party computation systems designed for institutional clients. Its technology allows firms to control asset transfers and set approval processes. It also manages how automated systems execute blockchain transactions under strict governance rules.
MoonPay confirmed that the deal closed as an all-stock transaction worth around $100 million. The company did not disclose further financial terms. However, it stated that Sodot’s team will integrate into the new institutional structure.
Caroline D. Pham will lead MoonPay Institutional following her appointment in December. She joined MoonPay as chief legal officer and chief administrative officer. She previously served as acting chair of the Commodity Futures Trading Commission in 2025.
Pham said the sector has reached a turning point due to clearer regulations. She pointed to the US stablecoin legislation passed last year. She also cited improved blockchain reliability as a driver of institutional confidence.
“The industry is experiencing a turning point driven by growing regulatory clarity,” Pham said. She added that stronger blockchain systems now support institutional use cases. She stated that these changes increase trust in decentralized finance services.
Expansion Strategy Builds on Prior Acquisitions
MoonPay has expanded beyond retail crypto payments during the past year. It acquired stablecoin platform Iron and crypto checkout firm Helio. The company said these purchases strengthened its enterprise infrastructure capabilities.
The firm supports nearly 30 million customers worldwide. It also provides infrastructure services to more than 500 companies in the decentralized economy. These figures reflect its global operational reach.
MoonPay allows users to buy and sell crypto using cards and bank transfers. However, the company has shifted focus toward enterprise solutions and regulated services. The launch of MoonPay Institutional formalizes that direction.
Sodot’s technology will function as the key management layer for institutional clients. It enables detailed oversight of digital asset custody and transaction approvals. MoonPay said the system aligns with institutional compliance standards.
Bloomberg reported that sources familiar with the matter confirmed the valuation. The report stated that the transaction supports MoonPay’s broader institutional plans. MoonPay finalized the acquisition earlier this month, according to the report.
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