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According to a report by Bloomberg, Crypto payment company MoonPay has acquired Israel’s crypto security startup Sodot and will launch a new division, MoonPay Institutional, focused on institutional demand for digital assets. The division will provide 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, serving as Chief Legal Officer and Chief Administrative Officer. Previously, in 2025, she acted as Acting Chair of the U.S. Commodity Futures Trading Commission.