Overview
- MoonPay, which announced the deal Wednesday, said it bought Israeli key-management firm Sodot and launched MoonPay Institutional, with Bloomberg reporting the all-stock price at about $100 million.
- Caroline D. Pham will run the unit as CEO of Moon Global Markets, with a focus on banks, asset managers, trading firms, and exchanges.
- Sodot’s self-hosted multi-party computation and trusted execution environment tools will anchor key security, splitting keys across devices and executing approvals in secure hardware so no single party can move funds alone.
- The platform bundles trading, tokenized securities, wallet infrastructure and custody through MoonPay’s New York trust company, payments, stablecoin issuance, and compliance tools into one stack that fits into existing systems.
- Sodot cites more than $50 billion in secured transactions and over 10 million wallets, plus audits by Trail of Bits, NCC Group, and Halborn and SOC 2 Type II certification, signaling a push to win regulated clients as competitors expand institutional custody links.