MoonPay Acquires Sodot and Launches Institutional Platform Led by Ex-CFTC Chair

New updates have been reported about MoonPay.

MoonPay has acquired crypto key management firm Sodot and used the deal to launch MoonPay Institutional, a new unit targeting banks, asset managers, trading firms, and exchanges seeking secure access to digital assets and DeFi. The business will be led by Caroline D. Pham, CEO of Moon Global Markets and former acting Chair of the U.S. Commodity Futures Trading Commission, who also serves as MoonPay’s Chief Legal and Chief Administrative Officer.

The Sodot acquisition brings key management infrastructure that has reportedly secured over $50 billion in transactions and safeguarded more than 10 million wallets, forming the security foundation of MoonPay Institutional’s technology stack. All Sodot staff, technology, and customer relationships move under MoonPay, with a commitment to continue and expand operations in Israel, and existing clients to see no service disruption.

MoonPay Institutional is positioned as a full-stack, on-chain, protocol-agnostic platform covering wallet infrastructure, custody, on-chain order routing and execution, collateral management, and stablecoin settlement, with embedded KYC and compliance across the transaction flow. The platform is designed to reduce integration complexity for regulated firms that would otherwise have to stitch together multiple vendors to support stablecoins, tokenized assets, and crypto trading.

Capabilities include self-hosted MPC and TEE wallet infrastructure for sovereign key control, institutional custody via MoonPay Trust Company under NYDFS oversight, and a Crypto API Vault for securing trading and operational keys used across venues. The service also provides low-latency trade execution and cross-chain collateral mobility, plus access to aggregated OTC and DeFi liquidity across major networks such as Ethereum, Solana, Base, Arbitrum, BSC, and hundreds of other chains and protocols via a single API.

On the payments side, MoonPay Institutional supports white-label stablecoin issuance, reserve management, and cross-border settlement in more than 120 fiat currencies, allowing financial institutions to launch and manage their own stablecoins on MoonPay’s infrastructure. These offerings sit on top of MoonPay’s existing network that reaches an estimated 100 million users via integrations with thousands of merchants, wallets, and applications, and is supported by a broad regulatory footprint including a New York BitLicense, a New York Limited Purpose Trust Charter, U.S. money transmitter licenses, and MiCA authorization in the EU.

MoonPay’s leadership frames the institutional push as the next phase of scaling its crypto payments network into a comprehensive infrastructure provider for traditional finance as demand for institutional-grade digital asset access accelerates. Pham positions the new platform as a turnkey answer to boards and investors pressing for a digital asset strategy, emphasizing support for any token, chain, or wallet with the compliance controls required by regulated financial institutions.