“MoonPay Acquires Sodot for $100M, Launches Institutional Division” — what this page in the network covers. MoonPay has made a significant move to bolster its institutional offerings by acquiring Sodot for $100 million. This strategic acquisition marks the launch of MoonPay Institutional, a dedicated division aimed at providing professional-grade crypto infrastructure tailored for banks, asset managers, and trading firms.
Caroline Pham, MoonPay's Chief Legal Officer and Chief Administrative Officer, discussed the rationale behind this substantial investment on CoinDesk's Markets Outlook. She elaborated on the strategic importance of the Sodot deal and highlighted why comprehensive, end-to-end blockchain infrastructure is rapidly becoming an essential requirement for major financial institutions looking to engage with digital assets. This listing links straight to the original page, where the content is available in full.