MOONPAY ACQUIRES SODOT IN ~$100M CRYPTO SECURITY DEAL

MoonPay, a leading crypto payments platform, has completed its acquisition of Sodot, an Israeli cryptocurrency security firm. The all-stock transaction values Sodot at around $100 million, according to sources familiar with the deal. The acquisition marks MoonPay's strategic push to serve institutional clients. The company plans to establish a dedicated unit focused on enterprise-level crypto solutions, leveraging Sodot's security expertise. Sodot specializes in cryptographic security and key management—critical infrastructure for institutional crypto operations. The startup's technology addresses a key pain point for enterprises entering digital asset markets: secure custody and transaction verification. MoonPay has positioned itself as a bridge between traditional finance and cryptocurrency, offering on-ramp services for purchasing digital assets. The Sodot acquisition strengthens its ability to serve corporate clients with enhanced security protocols. This deal reflects growing institutional interest in crypto infrastructure, particularly among companies seeking regulated, secure entry points into digital assets.