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According to Bloomberg, the crypto payment company MoonPay has acquired the Israeli crypto security startup Sodot and will launch a new division focused on institutional digital asset needs, MoonPay Institutional. This division will connect large traditional financial institutions with crypto and blockchain services such as trading, tokenized securities, payments, wallet management, and stablecoin issuance, led by Caroline D. Pham; Pham joined MoonPay in December last year as Chief Legal Officer and Chief Administrative Officer, and previously served as Acting Chair of the U.S. Commodity Futures Trading Commission in 2025.