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.
"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," said Ivan Soto-Wright, CEO and Founder of 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,” said Caroline D. Pham, CEO of Moon Global Markets. “MoonPay’s proven scale and unique multi-chain functionality securely connects TradFi to DeFi with built-in KYC and compliance solutions.”
Platform Capabilities
- Wallet Infrastructure & Key Management: Self-hosted MPC and TEE infrastructure giving institutions sovereign control over digital asset keys. Low-latency signing, programmable policy controls, multi-cloud deployment, and zero third-party dependency.
- Custody: Institutional-grade digital asset safekeeping through MoonPay Trust Company, a New York Limited Purpose Trust Company operating under the oversight of the NYDFS. Support for certain stablecoins and other tokenized or crypto assets.
- Crypto API Vault: Control plane for securely managing API keys and credentials in crypto. This solution closes the security and operational gap in modern custody operations, which requires operating across multiple exchanges, liquidity venues, and vendors, relying on hundreds of keys used continuously by automated systems.
- Trade Execution & Cross-Chain Collateral Mobility: Low-latency, on-chain order routing and trade execution across venues and protocols, with the ability to natively move digital assets across both permissioned and permissionless networks.
- OTC and DeFi Liquidity: Institutional access to aggregated OTC and DeFi liquidity across Ethereum, Solana, Base, Arbitrum, BSC, Hyperliquid, Uniswap, and 200+ additional chains, covering millions of assets through a single API integration, with the compliance controls and governance frameworks that regulated firms require.
- Stablecoin & Payments: White-label stablecoin issuance, reserve management, and cross-border settlement in over 120 fiat currencies. Institutions can launch and manage their own stablecoins on MoonPay's infrastructure, with integrations including PayPal, Paysafe, and Deel. MoonPay's payments network connects to over 7,500 merchants, wallets, and apps. Through our integrations, MoonPay’s reach includes an estimated 100 million users worldwide.
Acquisition of Sodot
Sodot is a crypto key management company specializing in self-hosted MPC and TEE products. It enables institutional asset managers, market makers, custodians and wallet providers to store, manage and govern their most sensitive keys - from private keys to API keys, with zero exposure and full control. The platform has been audited by Trail of Bits, NCC Group and Halborn, and holds SOC 2 Type 2 certification from EY.
“Sodot was built to serve as a secure control layer for modern digital asset infrastructure. We are excited to join MoonPay and play a meaningful role in their vision for the future operating system for money. Together, we will bring this technology to a broader market and make it the infrastructure through which financial institutions secure and move digital assets,” said Ido Sofer, CEO and Co-Founder of Sodot.
Read our full announcement here. To learn more, visit MoonPay.com/Institutional.