MoonPay has acquired Sodot, a crypto key-management infrastructure firm, and launched MoonPay Institutional, a new business unit aimed at serving banks, asset managers, trading firms, and exchanges entering digital assets, according to a Wednesday announcement.
New Institutional Leadership
MoonPay Institutional will be led by Caroline Pham, the former acting chair of the Commodity Futures Trading Commission, who joined MoonPay in December as chief legal officer and chief administrative officer.
Sodot Acquisition Details
Sodot’s technology will serve as the security foundation for the institutional platform. According to Bloomberg, the all-stock acquisition closed this month and was valued at approximately $100 million. The firm has secured more than $50 billion in transactions and protected more than 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus.
Institutional Service Stack
A central objective of the acquisition is to provide regulated financial firms with a unified platform covering wallets, key management, custody, execution, collateral movement, stablecoin settlement, and compliance, rather than requiring them to integrate multiple vendors.
MoonPay Institutional will offer self-hosted MPC and TEE wallet infrastructure, custody through its New York trust company, onchain order routing and trade execution, cross-chain collateral mobility, access to OTC and DeFi liquidity, and stablecoin and payments tools.
Broader MoonPay Expansion
The Sodot acquisition is part of a larger buildout at MoonPay. The company previously acquired stablecoin infrastructure firm Iron in a deal valued at at least $100 million, purchased Solana payments company Helio for $175 million, and acquired payments startup Meso. MoonPay also obtained a New York trust charter and BitLicense in late 2025, strengthening its position in custody and institutional trading.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trust Wallet Integrates Hyperliquid for Perpetual Trading, Adds RWA Markets on April 29
Trust Wallet, the self-custody crypto wallet with over 220 million downloads, integrated Hyperliquid, a decentralized blockchain with $4 trillion in trading volume, on April 29, 2026. The integration enables users to access perpetual contracts and real-world asset (RWA) markets including oil,
GateNews49m ago
Ripple Expands Bullish Partnership, Ripple Prime Gains Access to BTC Options Market
According to ChainCatcher, Ripple and digital asset trading platform Bullish announced today an expansion of their long-term partnership, with Bullish's bitcoin options market now opening to Ripple Prime institutional clients. The integration will enable Ripple Prime users to directly access Bullish
GateNews1h ago
WHITE TECH Obtains MiCA Authorization from Croatia's HANFA
WHITE TECH, part of the W Group ecosystem and majority-owned by WhiteBIT founder Volodymyr Nosov, has received authorization from Croatia's Financial Services Supervisory Agency (HANFA) to operate as a crypto-asset service provider (CASP) under the EU's Markets in Crypto-Assets (MiCA) regulation.
GateNews1h ago
Certain CEX Launches Agent Payments Protocol Supporting 4 Payment Modes, 9 Partners Including Ethereum Foundation
According to official sources, a major cryptocurrency exchange has launched the Agent Payments Protocol (APP), an open payment standard for AI Agent commercial transactions on April 29. The protocol enables AI Agents to process single payments, batch payments, usage-based payments, and escrow paymen
GateNews2h ago
Chiliz Integrates with Base Blockchain on April 28, Enabling Fan Token Trading for Major Football Clubs
According to Base, Chiliz integrated with the Base blockchain network on April 28, enabling users to hold, trade, and interact with fan tokens tied to major football clubs including Manchester City, FC Barcelona, and Juventus. The integration is strategically timed ahead of the World Cup cycle,
GateNews3h ago
Stables and eStable Partner to Launch Local Stablecoin Issuing Rails Across Asia
According to official statements, Stables and eStable announced a strategic partnership on 29 April 2026 to integrate institutional banking infrastructure and local stablecoin issuing capabilities across Asia, with all issued stablecoins backed by USDT and Tether's Hadron tokenisation platform.
GateNews3h ago
