Moonpay Institutional Goes Live

@MoonPay has officially acquired Israeli crypto security startup Sodot and launched MoonPay Institutional, a new division aimed at bringing traditional financial firms into the digital asset market. Bloomberg, citing sources familiar with the matter, reported the acquisition is an all-stock deal worth approximately $100 million.

What MoonPay Institutional Offers

A central aim of the acquisition is to give regulated financial firms a single stack covering wallets, key management, custody, execution, collateral movement, stablecoin settlement, and compliance, rather than forcing them to stitch together multiple vendors. The service provides low-latency trade execution and cross-chain collateral mobility, plus access to aggregated OTC and DeFi liquidity across major networks including Ethereum, Solana, Base, Arbitrum, and BSC via a single API. On the payments side, MoonPay Institutional supports white-label stablecoin issuance, reserve management, and cross-border settlement in more than 120 fiat currencies.

MoonPay Institutional will be led by Caroline D. Pham, CEO of Moon Global Markets and former acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Pham joined MoonPay in December as chief legal officer and chief administrative officer following her tenure as acting CFTC chair in 2025.

Sodot's Security Credentials

Sodot has secured more than $50 billion in transactions and protected more than 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus. The company specialises in self-hosted MPC and TEE products that let institutional asset managers, market makers, custodians, and wallet providers manage sensitive keys with full control and no third-party exposure. The platform has been audited by Trail of Bits, NCC Group, and Halborn, and holds SOC 2 Type 2 certification from EY.

The timing reflects strong institutional appetite for digital assets. Over two-thirds of institutional investors now want exposure to DeFi yields, according to Nomura Securities, while stablecoin transaction volume reached $33 trillion in 2025, with Q1 2026 alone exceeding $28 trillion. According to Goldman Sachs, 71% of institutional asset managers plan to increase their digital asset exposure over the next 12 months.

The Sodot deal follows MoonPay's acquisition of stablecoin infrastructure company Iron and Solana payments company Helio, as well as a New York trust charter and BitLicense secured in late 2025, giving the firm stronger footing in custody and institutional trading. The acquisition brings Sodot's full team, technology, and customer relationships into MoonPay, with existing customers to receive uninterrupted access to their products and support.

Sources:
MoonPay Official Press Release – PR Newswire
MoonPay Acquires Sodot in $100M Stock Deal – CoinDesk
MoonPay Acquires Sodot, Launches Institutional Business – The Block