MoonPay, a global crypto payments network founded in 2019, has acquired Sodot, a crypto key management infrastructure company, and used the acquisition as the foundation for MoonPay Institutional, a new business serving financial institutions, asset managers, trading firms, and exchanges entering digital asset markets. Caroline D. Pham, former acting Chairman of the U.S. Commodity Futures Trading Commission, will lead MoonPay Institutional as CEO of Moon Global Markets. Financial terms were not disclosed.
Sodot was founded in 2023 by Ido Sofer, Shalev Keren, Matan Hamilis, and Elichai Turkel and has secured over $50 billion in transactions and protected more than 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus. The platform specializes in self-hosted multi-party computation and trusted execution environment products that give institutions sovereign control over digital asset keys with zero third-party dependency. Sodot’s infrastructure has been audited by Trail of Bits, NCC Group, and Halborn, and holds SOC 2 Type 2 certification from EY. The full Sodot team, technology, and customer relationships will transfer to MoonPay, with existing clients receiving uninterrupted service. MoonPay also plans to invest further in Sodot’s Israeli operations.
MoonPay Institutional provides an integrated technology platform covering wallet infrastructure and key management, institutional-grade custody through MoonPay Trust Company, a New York Limited Purpose Trust Company regulated by the NYDFS, trade execution and cross-chain collateral mobility, aggregated OTC and DeFi liquidity across more than 200 chains and protocols, and white-label stablecoin issuance and cross-border settlement in over 120 fiat currencies. The platform is designed to be protocol and venue-agnostic, with KYC and compliance tools embedded across the full digital asset transaction flow.
The launch comes as institutional demand for digital asset infrastructure accelerates. Stablecoin transaction volume reached $33 trillion in 2025, with Q1 2026 alone exceeding $28 trillion. According to Goldman Sachs, 71% of institutional asset managers plan to increase their digital asset exposure over the next twelve months. MoonPay has more than 30 million customers across 180 countries and supports more than 500 enterprise customers.
KEY QUOTES:
“We built MoonPay to be the world’s leading crypto payments network. Our institutional arm is the next stage, and together with Sodot’s infrastructure, it will allow us to bring this platform to financial services firms now entering the digital asset space. There is no one better suited to lead this business than Caroline, who brings decades of experience at the highest levels of financial regulation and capital markets.”
Ivan Soto-Wright, CEO and Founder, MoonPay
“Boards and investors are asking management the same question: What is your digital asset strategy? MoonPay Institutional gives them the answer. A unified technology platform that supports any token, any chain, any wallet — and all with the flexibility to integrate into firms’ existing systems.”
Caroline D. Pham, CEO, Moon Global Markets
“Sodot was built on the belief that keys are foundational to money movement, and that modern digital asset operations require infrastructure purpose-built for this need. Joining MoonPay gives us the scale to expand our reach and make our technology central to how financial institutions secure and move digital assets.”
Ido Sofer, CEO and Co-Founder, Sodot
