MoonPay Acquires Crypto Security Startup Sodot for $100 Million in All-Stock Deal

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MoonPay has announced the acquisition of Israeli crypto security startup Sodot for $100 million in an all-stock transaction. Following the completion of this acquisition, Sodot will be integrated into MoonPay’s newly established Institutional division. MoonPay Institutional is expected to provide a range of cryptocurrency and blockchain services to large traditional financial institutions, including trading, tokenized securities, payments, wallet management, and stablecoin issuance.

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