MoonPay has acquired crypto security startup Sodot in an all-stock deal for around $100 million
Moon Pay has acquired Israeli crypto-security startup Sodot as part of its plan to build a new institutional-focused division for digital asset services, Bloomberg reported Wednesday.
The acquisition of Sodot, an all-stock deal completed this month, is valued at approximately $100 million.
The new division, MoonPay, offers institutional, traditional financial organizations access to crypto and blockchain offerings including trading, tokenized securities, payments, wallet services and stablecoin offerings.
In the year It will be led by Carolyn Pham, who joined Moonpain in December as chief legal officer and chief administrative officer after serving as acting chair of the Commodity Futures Trading Commission in 2025.
Pham said the industry is experiencing an inflection point driven by growing regulatory transparency, including the US stablecoin law passed last year and improvements to blockchain reliability, which are increasing institutional confidence in decentralized finance.
Disclosure: This article was edited by Vivian Nguyen. See our Editorial Policy for more information on how we create and review content.
