MoonPay acquires crypto key manager Sodot, launches institutional business led by former CFTC acting chair
The Block
MoonPay has acquired Sodot to power its new institutional division, which is led by former CFTC acting chair Caroline Pham.Summary
MoonPay has acquired the crypto key-management firm Sodot to serve as the security foundation for its newly launched division, MoonPay Institutional. This new business unit is designed to provide banks, asset managers, and trading firms with a unified platform for custody, wallet infrastructure, and trade execution. The division is led by Caroline Pham, the former acting chair of the Commodity Futures Trading Commission, who serves as MoonPay's chief legal and administrative officer. This acquisition is part of MoonPay's broader strategy to expand its institutional offerings, following recent purchases of firms like Iron, Helio, and Meso.
(Source：The Block)