MoonPay Acquires Sodot, Launches Institutional Arm for TradFi

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

we've always believed DeFi is for everyone

led by @CarolineDPham, we're bringing access and infrastructure for the next generation of financial markets to TradFi institutions ready to invest trillions pic.twitter.com/XQsFwBt3QI

— MoonPay 🟣 (@moonpay) April 29, 2026

The platform MoonPay described is broad. It covers wallet infrastructure, custody through MoonPay Trust Company, on-chain order routing, trade execution, collateral operations, stablecoin settlement, and white-label stablecoin issuance with reserve management. Liquidity access spans Ethereum, Solana, Base, Arbitrum, BSC, Hyperliquid, Uniswap, and more than 200 additional chains and protocols, reaching both OTC and DeFi venues.

Sodot co-founder Ido Sofer confirmed the acquisition and said Sodot’s team, technology, and existing products will continue to grow inside MoonPay.

Today, Sodot is joining MoonPay

I’m excited to share that @moonpay has acquired @sodot_hq .

Our team, technology and products will continue to grow, and Sodot’s infrastructure will also serve as the key management foundation of MoonPay Institutional technology – MoonPay’s new… https://t.co/Hmxf8oXcTO

— Ido Sofer (@sofer_ido) April 29, 2026

According to MoonPay via PRNewswire:

MoonPay via PRNewswire reported that MoonPay announced it acquired Sodot and launched MoonPay Institutional, targeting financial institutions, asset managers, trading firms, and exchanges entering digital asset markets. Sodot had secured more than $50 billion in transactions and protected over 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus. Caroline D. Pham, CEO of Moon Global Markets and former acting CFTC chairman, will lead MoonPay Institutional. The platform covers wallet infrastructure, custody, on-chain order routing and trade execution, collateral operations, and stablecoin settlement, with direct, embedded, or white-label delivery. Sodot specializes in self-hosted MPC and TEE products for private keys and API keys, holds SOC 2 Type 2 certification from EY, and has been audited by Trail of Bits, NCC Group, and Halborn. MoonPay also listed OTC and DeFi liquidity across Ethereum, Solana, Base, Arbitrum, BSC, Hyperliquid, Uniswap, and more than 200 additional chains and protocols.

SOC 2 Type 2 certification from EY plus security audits from Trail of Bits, NCC Group, and Halborn give MoonPay a stronger due-diligence answer for regulated financial firms. Those firms will care about private-key control, API-key governance, and evidence that the infrastructure has been tested by outside security reviewers.

MOONPAY INSTITUTIONAL GOES LIVE@MoonPay officially acquires Sodot and launches MoonPay Institutional, providing high-grade entry points for traditional financial firms.

The acquisition integrates Sodot's specialized security layers with MoonPay's global payments network to… pic.twitter.com/FEveqtgC3W

— BSCN (@BSCNews) April 29, 2026

The timing tells you where the industry is heading. Stablecoin volumes keep climbing, tokenized treasuries are attracting real capital, and DeFi liquidity pools are deep enough to matter to institutional desks. TradFi firms that want exposure to any of it need custody, key management, multi-chain routing, and compliance infrastructure they can plug into quickly. MoonPay is betting it can sell the whole stack under one roof.

Having a former acting CFTC chairman running the business sends a clear signal about who MoonPay expects to be on the other side of the table. Banks and asset managers evaluating digital asset infrastructure want to see regulatory fluency at the top. Pham brings that.

Crypto payment rails started by selling fiat on-ramps to retail users. Acquiring a battle-tested key-management firm and packaging custody, execution, collateral, and stablecoin issuance together marks a serious pivot toward institutional plumbing. If MoonPay can execute, it positions itself as one of the companies TradFi calls when the compliance committee finally says yes.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.