MoonPay acquires Israeli security firm Sodot for $100 million and establishes institutional business division
ChainCatcher News, according to Bloomberg, crypto payment company MoonPay has acquired Israeli crypto security startup Sodot, and based on this acquisition, established a new division called "MoonPay Institutional," focusing on meeting institutional clients' needs for digital assets.
This division will provide large traditional financial institutions with services such as trading, tokenized securities, payments, wallet management, and stablecoin issuance. Former acting chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, will lead this division. She will join MoonPay by the end of 2025 as Chief Legal Officer and Chief Administrative Officer.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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