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MoonPay Acquires Israeli Crypto Security Startup Sodot in $100 Million Stock Deal

MoonPay states that Sodot’s key management and security infrastructure will support MoonPay Institutional, a new unit led by Caroline Pham and focused on digital asset services for large financial institutions.

Fact Check
Odaily's report, PANews' report, and the Bloomberg search result all align on the central facts: MoonPay acquired Sodot for about $100 million in an all-stock deal and folded it into a newly formed MoonPay Institutional division. Odaily and PANews both include the detailed service list for MoonPay Institutional—trading, tokenized securities, payments, wallet management, and stablecoin issuance—which matches the claim closely. The Bloomberg article titled "Crypto Firm MoonPay Bets $100 Million for Institutional Push" appears to be the upstream source cited by PANews and referenced by search results, strengthening the case. CoinDesk search results independently corroborate the $100 million stock-deal framing and institutional-business rationale. No contradictory source was found.
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Summary

MoonPay announced the acquisition of Israeli crypto security startup Sodot in a $100 million all-stock deal, saying Sodot’s key management and security infrastructure will underpin MoonPay Institutional, its newly formed business aimed at large traditional financial institutions. According to the source, the institutional effort will be led by Caroline Pham, identified as former CFTC Acting Chair. MoonPay said the division is expected to offer trading, tokenized securities, payments, wallet management, and stablecoin issuance as part of its broader institutional digital asset infrastructure strategy.

Terms & Concepts
  • Tokenized securities: Traditional financial assets represented on blockchain networks, enabling digital issuance, transfer, and settlement.
  • Security infrastructure: The technical and operational systems used to protect digital assets, accounts, and transactions from fraud, hacks, or unauthorized access.
  • Stablecoin issuance: The creation of digital tokens designed to maintain a stable value, often by being tied to a fiat currency.