MoonPay Acquires Israeli Crypto Security Firm Sodot to Launch Institutional Unit
MoonPay has acquired Sodot, an Israeli crypto security infrastructure provider, for approximately $100 million in an all-stock transaction. The deal, which closed in April, will use Sodot's multi-party computation key management technology as the foundation for MoonPay's new institutional division serving financial institutions, asset managers, trading firms and exchanges. Former CFTC acting chair Caroline Pham will lead the new unit.