April 2026 | Crypto & Fintech M&A News | Global – MoonPay, a global digital asset payments platform with more than 30 million users, is set to acquire Israeli cybersecurity startup Sodot in a deal valued at approximately $100 million.
The acquisition is aimed at strengthening MoonPay’s capabilities in digital asset security and institutional infrastructure, particularly for banks and asset managers entering the crypto ecosystem.
Strategic Move to Build Institutional Crypto Infrastructure
The companies stated that the acquisition will support the development of a new suite of products designed for:
- Financial institutions
- Asset managers
- Banks entering digital asset markets
The initiative will be led by Caroline D. Pham, MoonPay’s Chief Legal and Administrative Officer and a former commissioner at the U.S. Commodity Futures Trading Commission (CFTC).
Sodot’s Technology: Secure Key Management for Digital Assets
Sodot has developed advanced infrastructure focused on secure key management, a critical component of digital asset security.
Its platform:
- Eliminates single points of failure
- Uses advanced encryption methods
- Operates directly on client-owned systems
- Supports multiple key types for asset protection
This approach enhances the security of digital asset storage and transactions, addressing a key challenge in the crypto industry.
MoonPay’s Global Footprint
MoonPay operates a global payments network for digital assets, serving:
- Users in over 180 countries
- More than 500 enterprise clients across crypto and fintech sectors
The acquisition aligns with MoonPay’s strategy to expand beyond payments into institutional-grade infrastructure solutions.
Leadership Commentary
Ido Sofer, CEO and Co-Founder of Sodot, said:
“Sodot was built on the belief that keys are foundational to money movement, and that modern digital asset operations require infrastructure purpose-built for this need. Joining MoonPay gives us the scale to expand our reach and make our technology central to how financial institutions secure and move digital assets.”
Ivan Soto-Wright, Founder and CEO of MoonPay, added:
“We built MoonPay to be the world’s leading crypto payments network. Our institutional arm is the next stage, and together with Sodot’s infrastructure, it will allow us to bring this platform to companies now entering the digital asset space.”
About Sodot
Founded in 2023 by Ido Sofer, Shalev Keren, Matan Hamilis, and Elihai Turkel, Sodot has raised approximately $4.5 million in funding.
The founding team brings over two decades of combined experience in:
- Cryptography
- Cybersecurity
- Military intelligence
- Academic research
- Public sector technology
Market Context: Growing Need for Crypto Security
As institutional adoption of digital assets increases, the need for:
- Secure custody solutions
- Robust encryption infrastructure
- Scalable transaction systems
is becoming critical.
Companies like MoonPay are expanding their offerings to address these requirements and support the next phase of crypto market growth.
Conclusion
The acquisition of Sodot marks a strategic step for MoonPay as it moves deeper into institutional crypto infrastructure.
By combining payment capabilities with advanced security technology, the company aims to build a more comprehensive platform for digital asset management and financial services.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.