Odaily Planet Daily reports that MoonPay has announced the acquisition of Israeli crypto security startup Sodot in an all-stock transaction valued at $100 million. Upon completion of the acquisition, Sodot will be integrated into MoonPay’s newly established MoonPay Institutional division, which is designed to provide a range of cryptocurrency and blockchain services to large traditional financial institutions, including trading, tokenized securities, payments, wallet management, and stablecoin issuance. The division is led by Caroline D. Pham, who joined MoonPay in December last year as Chief Legal Officer and Chief Administrative Officer, following her tenure as Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC). (Bloomberg)
MoonPay Acquires Sodot for $100M in Stock to Expand Institutional Services
KuCoinFlashShare
Summary
MoonPay has acquired Israeli crypto security firm Sodot for $100 million in stock to enhance institutional adoption. The integration will strengthen MoonPay Institutional, which delivers blockchain services to major financial institutions. Sodot’s expertise in preventing security breaches complements MoonPay’s focus on secure infrastructure. The division is led by Caroline D. Pham, former acting chair of the CFTC. Services include tokenized securities, payments, and stablecoin issuance.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.