MoonPay said Wednesday that it acquired Israeli crypto key management company Sodot and launched MoonPay Institutional, positioning the payment processor to serve traditional finance firms seeking digital asset infrastructure. While MoonPay didn’t disclose terms of the deal, Bloomberg reported that the all-stock deal values Sodot at about $100 million. Founded in 2023, the company has secured over $50 billion in transactions and protected more than 10 million wallets for clients including eToro and BitGo. Sodot specializes in self-hosted MPC and TEE products for institutional asset managers, market makers, ... (full story)