MoonPay has acquired Sodot, an Israeli security startup, for $100 million to bolster its institutional offering and enhance digital asset custody security. The acquisition was announced on April 29, 2026.
| Deal-at-a-Glance | |
|---|---|
| Acquirer: | MoonPay (GB) |
| Target: | Sodot (IL) |
| Value: | $100 million |
| Type: | Acquisition |
| Closing Date: | Not disclosed |
| Buy-side Advisors: | Not disclosed |
| Sell-side Advisors: | Not disclosed |
| Legal (buy): | Not disclosed |
| Legal (sell): | Not disclosed |
MoonPay, a cryptocurrency payment processor and wallet provider, has entered into an agreement to acquire Sodot. This deal aims to fortify MoonPay’s institutional services by integrating Sodot's advanced security solutions for digital asset custody.
Strategic Rationale
The acquisition of Sodot will enable MoonPay to address the growing demand from institutional clients seeking robust security features in their crypto transactions. By incorporating Sodot’s cutting-edge technology, MoonPay intends to establish itself as a leading provider of secure digital asset custody services.
Financial Context
MoonPay has been making strategic moves to expand its presence in the institutional market following several rounds of funding from major venture capitalists. This acquisition is part of MoonPay’s broader strategy to enhance its product offerings and attract more high-net-worth clients.
Advisors
Details regarding financial and legal advisors for both parties remain undisclosed at this time.
Outlook
MoonPay’s acquisition of Sodot is anticipated to strengthen its competitive position in the digital asset custody market. With this move, MoonPay aims to solidify its reputation as a trusted provider among institutional investors and financial institutions.