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MoonPay Acquires Crypto Security Firm, Targets Institutional Investors
Description
MoonPays strategic acquisition of Sodot, a leading Israeli crypto security firm, marks a significant shift towards institutional crypto. The new MoonPay Institutional unit, powered by Sodots multi-party computation tech, aims to provide secure infrastructure for big banks and asset managers. Led by Caroline Pham, former acting chair of the Commodity Futures Trading Commission, this move positions MoonPay as a key player in regulated finance. With nearly thirty million customers and backing for five hundred firms, MoonPay is now offering a comprehensive, secure package for enterprise-level crypto services.
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