MoonPay Enters Institutional Infrastructure Market with $100 Million Acquisition of Israeli Security Startup Sodot

On April 29, 2026, global crypto payment network MoonPay accelerated its push into the institutional market by acquiring Israeli security specialist Sodot for $100 million. The acquisition was conducted as an all-stock transaction and is expected to be a major turning point for MoonPay as it evolves beyond a simple retail payment gateway into a comprehensive institutional infrastructure provider.

This acquisition of Sodot signifies that MoonPay has gained the technical strength to compete directly in the institutional-grade custody and security services market.

This deal is seen as a core part of MoonPay's infrastructure expansion strategy. Sodot's technology provides the foundation for MoonPay to stand shoulder-to-shoulder with existing large fintech and custody firms in the corporate custody and security solutions sector. MoonPay plans to use the technology acquired through this deal to provide institutional clients with a more secure and efficient asset management environment.

Sodot's MPC Technology and Security Innovation

Sodot holds a unique position in the field of multi-party computation (MPC) technology. MPC is a cutting-edge security solution that solves the Single Point of Failure problem by splitting private keys into multiple shards and storing them distributively. Sodot's technology is characterized by maximizing security during the key generation and signing processes without compromising user convenience.

• Sodot has focused on building self-hosted infrastructure that users can control directly.
• Recently, it introduced technology that combines Passkeys and MPC to simultaneously improve security and user experience.
• It has validated its technology through collaborations with institutional-grade digital asset management firms such as Arrel Technology.
• Major wallet service providers like Exodus are also utilizing Sodot's technology to enhance their on-chain reward programs.

The new institutional business division established through this acquisition will be led by Caroline Pham, former acting Commissioner of the U.S. Commodity Futures Trading Commission (CFTC). Pham believes that institutional adoption of cryptocurrency will accelerate as regulations take shape in 2026, and she is positioning MoonPay as a trusted infrastructure partner. Sodot's security technology is expected to serve as a core foundation of trust for these institutional services.

MoonPay's latest move is an extension of the aggressive merger and acquisition (M&A) strategy it has pursued in recent years. Following the $175 million acquisition of British payment infrastructure firm Helio in 2025, it acquired stablecoin infrastructure firm Iron to secure licenses and technical capabilities. This series of acquisitions is interpreted as an intent to dominate both the payment and security layers, which are the two core layers of the cryptocurrency ecosystem.

As of April 2026, MoonPay is expanding its global influence in various fields beyond security. On April 22, it made a joint investment in Finger, a South Korean fintech pioneer, laying the foundation for a Korean Won stablecoin ecosystem. This is a strategic choice to strengthen its position in the Asian market and provide financial services tailored to local regulatory environments.

Additionally, on April 15, it partnered with the Solana-based trading app Moonshot to launch on-chain transaction deposit services across nine chains. In New York, it is expanding its touchpoints with institutional finance by launching fiat-to-stablecoin virtual account services based on its BitLicense. This product diversification shows that MoonPay is evolving beyond a simple payment processor into a comprehensive financial platform.

In the first quarter of 2026, the cryptocurrency market is undergoing a period of large-scale consolidation. As seen in Mastercard's $1.8 billion acquisition of the payment and banking platform BVNK, traditional financial giants are making infrastructure and security firms their primary targets. MoonPay's acquisition of Sodot is analyzed as a preemptive measure to gain a technical advantage amidst this market trend.

MoonPay plans to integrate Sodot's MPC technology into its product suite to introduce more sophisticated institutional products. As the market matures and regulatory clarity is established in the second half of 2026, this security-focused infrastructure is expected to be a key driver for institutional inflows. MoonPay's future moves are projected to play a significant role in setting standards for the institutional-grade digital asset market.