MoonPay buys Israeli crypto security startup Sodot in $100M all‑stock deal

MoonPay has acquired Israeli crypto security startup Sodot in a deal valuing the company at around $100 million, structured as an all-stock transaction according to multiple reports. Sodot, based in Israel and focused on advanced cryptography and key management infrastructure, has previously secured over $50 billion in transactions and protected more than 10 million wallets for institutional clients including eToro, BitGo, Flow Traders, and Exodus. The company’s technology spans self-hosted multi‑party computation (MPC) and trusted execution environment (TEE) products designed for secure storage and governance of private and API keys, with audits by Trail of Bits, NCC Group and Halborn, and SOC 2 Type 2 certification from EY.

The Sodot acquisition forms the technological foundation of MoonPay Institutional, a new business line aimed at financial institutions, asset managers, trading firms, and exchanges entering digital asset markets. The unit is being led by Caroline D. Pham, CEO of Moon Global Markets and former acting head of the U.S. Commodity Futures Trading Commission, and will offer infrastructure for services spanning banking, payments, trading, wealth management, treasury, regulated DeFi access, and stablecoin products. Following closing, Sodot’s full team and technology stack are being integrated into MoonPay, with employees joining the acquirer while the business continues to operate from Israel and existing customers retaining uninterrupted access to current products and integrations. MoonPay has indicated it plans to deepen investment in Sodot’s Israeli operations, citing the country’s strength in cryptography and cybersecurity as it builds out a full-stack institutional platform for global finance.