MoonPay Expands Into Institutional Crypto with $100M Sodot Acquisition

Key Highlights Crypto payments platform MoonPay purchased Israeli security company Sodot for approximately $100 million in an all-stock transaction The acquisition targets Sodot’s expertise in multi-party computation (MPC) technology for securing institutional digital asset wallets A dedicated institutional business unit, MoonPay Institutional, will be established following the deal Caroline Pham, previously Acting Chair of the CFTC, assumes leadership as CEO of Moon Global Markets The stablecoin market processed $33 trillion in transactions during 2025, with Q1 2026 volumes surpassing $28 trillion Crypto payments platform MoonPay revealed Wednesday its acquisition of Sodot, an Israeli digital asset security firm, through an all-stock agreement worth approximately $100 million. This strategic move signals MoonPay’s pivot from consumer-focused crypto services toward enterprise-grade financial infrastructure. BREAKING: MoonPay has acquired Sodot and launched MoonPay Institutional we've always believed DeFi is for everyone led by @CarolineDPham, we're bringing access and infrastructure for the next generation of financial markets to TradFi institutions ready to invest trillions pic.twitter.com/XQsFwBt3QI — MoonPay (@moonpay) April 29, 2026 Established in 2023, Sodot has built infrastructure for managing cryptographic keys that has facilitated over $50 billion in transaction volume while safeguarding more than 10 million digital wallets. The company counts major players like eToro and BitGo among its client roster. Sodot’s core offering centers on self-custodied multi-party computation technology. MPC distributes a single private key across multiple entities, significantly reducing vulnerability to security breaches and unauthorized access. MoonPay plans to integrate Sodot’s technological capabilities as the foundation for MoonPay Institutional, its newly created enterprise division. This unit will cater to banks, wealth managers, proprietary trading operations, and ...