MoonPay acquires crypto security startup Sodot for around $100 million in all-stock deal
Crypto Briefing
MoonPay has acquired Israeli crypto security firm Sodot for $100 million to launch a new institutional services division.Summary
MoonPay has acquired the Israeli crypto security startup Sodot in an all-stock deal valued at approximately $100 million. This acquisition marks the launch of "MoonPay Institutional," a new division designed to offer traditional financial firms services such as trading, tokenized securities, payments, and stablecoin issuance. The unit will be led by Caroline Pham, former acting chair of the Commodity Futures Trading Commission, who aims to leverage increasing regulatory clarity and improved blockchain reliability to attract institutional investors to decentralized finance.
(Source：Crypto Briefing)