MoonPay Acquires Sodot, Launches MoonPay Institutional
Caroline D. Pham will lead the business, built on Sodot’s key management infrastructure
By Team MoonPay
Published on Apr 28, 2026
Last modified on Apr 29, 2026
We’re pleased to announce the acquisition of Sodot, the key management infrastructure company that secured over $50 billion in transactions and protected more than 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus.
The acquisition forms the foundation of MoonPay Institutional, our new business serving financial institutions, asset managers, trading firms and exchanges entering digital asset markets. It provides a comprehensive technology infrastructure platform that enables access to the digital asset and DeFi ecosystem for services across banking, payments, trading, wealth management and treasury products.
The launch comes as demand for institutional-grade digital asset infrastructure and access to both cross-chain collateral mobility and aggregated DeFi liquidity accelerates.
About MoonPay Institutional
MoonPay Institutional will be led by Caroline D. Pham, CEO of Moon Global Markets and former acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Caroline also serves as MoonPay's Chief Legal Officer and Chief Administrative Officer.
MoonPay Institutional provides integrated technology solutions that are natively on-chain and interoperable across multiple protocol networks, with KYC and compliance tools for the entire digital asset transaction flow from wallet infrastructure, custody, on-chain order routing and trade execution, and collateral operations to stablecoin settlement. Client solutions are available through direct integration, embedded, or white-label products. Sodot’s infrastructure will serve as the secure key management foundation of MoonPay Institutional’s technology stack.