MoonPay Launches Institutional Division and Acquires Sodot
MoonPay has launched its institutional division and acquired Israeli crypto key management firm Sodot, aiming to provide digital asset infrastructure to traditional finance firms. The acquisition, valued at approximately $100 million, is expected to enhance MoonPay's capabilities in serving institutional clients. The move aligns with growing institutional interest in digital assets, as stablecoin transaction volumes have surged significantly.
Topics: acquisition crypto digital assets institutional finance key management