MoonPay Acquires Sodot, Launches Institutional Arm for TradFi

By Isaac • May 3, 2026 9:02 am •

MoonPay acquired Sodot, a key-management security firm, and simultaneously launched MoonPay Institutional, a full-stack infrastructure business aimed at banks, asset managers, trading firms, and exchanges entering digital asset markets. The company announced both moves on April 29.

Sodot had already secured more than $50 billion in transactions and protected over 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus. Its MPC and TEE technology for private keys and API keys now becomes the security foundation for MoonPay’s institutional platform.

Caroline D. Pham, former acting CFTC chairman and current CEO of Moon Global Markets, will lead the new division.

BREAKING: MoonPay has acquired Sodot and launched MoonPay Institutional

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