CryptoWorld News reports that MoonPay has announced the acquisition of Israeli crypto security infrastructure provider Sodot, establishing a new institutional business division led by former CFTC Acting Chair Caroline Pham.


This acquisition will use Sodot's key management technology as the core infrastructure for the new business, serving financial institutions, asset management firms, trading companies, and exchanges entering the digital asset market.
According to Bloomberg, the deal was completed in April, with a transaction value of approximately $100 million.
MoonPay's new institutional division aims to provide services such as trading, tokenized securities, payments, wallet management, and stablecoin issuance for large traditional financial companies.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments