crypto payments firm MoonPay acquired Israeli crypto security startup Sodot in an all-stock deal worth about $100 million and will launch MoonPay Institutional, a new unit focused on institutional demand for digital assets.
According to Bloomberg, crypto payments firm MoonPay acquired Israeli crypto security startup Sodot in an all-stock deal worth about $100 million and will launch MoonPay Institutional, a new unit focused on institutional demand for digital assets. The unit will connect large traditional financial institutions to crypto and blockchain services including trading, tokenized securities, payments, wallet management and stablecoin issuance. — link