MoonPay acquires Sodot to launch institutional digital asset unit

11 articles · Updated · Bloomberg · Apr 29

MoonPay has invested $100 million to acquire Israeli crypto security startup Sodot and launch MoonPay Institutional, led by former CFTC acting chairman Caroline D. Pham.
The new unit aims to connect large traditional financial firms to crypto and blockchain services, including trading, tokenized securities, payments, wallet management, and stablecoin issuance.
This move marks MoonPay’s significant expansion into institutional markets, reflecting growing demand for secure digital asset solutions among established financial institutions.

Does acquiring an Israeli security firm give MoonPay an unbreachable edge in the digital asset race?

With a $100M bet, is MoonPay truly ready to challenge the giants of institutional crypto?

Will MoonPay's major institutional push leave its 30 million retail customers behind?

As stablecoins surpass traditional payment networks, what are the hidden risks in their backing?

Now that US regulators have opened the floodgates, is the flow of institutional capital unstoppable?

Will tokenized real-world assets be the bridge that finally brings Wall Street fully on-chain?