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Corporate Score 45 Bullish

MoonPay Launches Institutional Division Following Sodot Acquisition

Apr 29, 2026 11:00 UTC
Medium term

Crypto payments provider MoonPay has acquired Israeli security startup Sodot to build a dedicated institutional services arm. The new unit will be led by former CFTC acting chairman Caroline Pham.

  • Acquisition of Sodot enhances security infrastructure
  • New unit targets large traditional financial firms
  • Offerings include tokenized securities and stablecoin issuance
  • Led by former CFTC acting chairman Caroline Pham
  • Strategic shift toward institutional-grade blockchain services

MoonPay Inc. is aggressively expanding its footprint in the digital asset space with the launch of MoonPay Institutional, a new division designed to bridge the gap between traditional finance and blockchain technology. The strategic pivot is anchored by the acquisition of Sodot, an Israeli-based crypto security startup. By integrating Sodot's security capabilities, MoonPay aims to provide the robust infrastructure and safety protocols required by large-scale financial institutions entering the digital asset market. The new unit will offer a comprehensive suite of professional services, including trading, wallet management, and the issuance of stablecoins. Additionally, the division will focus on tokenized securities and payment solutions, catering to the specific compliance and security needs of institutional players. Leading the initiative is Caroline D. Pham, who currently serves as MoonPay's chief legal officer and chief administrative officer. Pham brings significant regulatory expertise to the role, having served as the acting chairman of the Commodity Futures Trading Commission (CFTC) throughout 2025. This move signals a broader trend of crypto-native firms professionalizing their offerings to attract traditional capital. By leveraging regulatory insider knowledge and enhanced security, MoonPay is positioning itself as a primary gateway for the institutional adoption of digital assets.

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