MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to build a new institutional-focused division for digital asset services, Bloomberg reported Wednesday.
The Sodot acquisition, an all-stock deal finalized this month, is valued at approximately $100 million.
The new unit, MoonPay Institutional, will provide traditional financial firms with access to crypto and blockchain offerings including trading, tokenized securities, payments, wallet services, and stablecoin issuance.
It will be led by Caroline Pham, who joined MoonPay in December as chief legal officer and chief administrative officer following her tenure as acting chair of the Commodity Futures Trading Commission in 2025.
Pham said the industry is experiencing a turning point driven by growing regulatory clarity, including US stablecoin legislation passed last year, and improvements in blockchain reliability that are increasing institutional confidence in decentralized finance.
