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MoonPay Makes $100M Institutional Push With Sodot Acquisition
MoonPay is making a $100 million institutional push by acquiring Israeli crypto security startup Sodot. MoonPay said its new MoonPay Institutional unit will connect large traditional financial firms to trading, tokenized securities, payments, wallet management and stablecoin issuance. Caroline D. Pham will lead the unit after joining MoonPay in December as chief legal officer and chief administrative officer.