Transaction overview
MoonPay, a British cryptocurrency payment platform serving over 30 million users worldwide, has acquired Sodot, an Israeli cybersecurity startup focused on digital asset security solutions. The deal is valued at approximately $100 million and was announced on April 29, 2026. Sodot’s technology will form the backbone of MoonPay's new institutional offering aimed at financial institutions and asset managers.
Deal structure and financing
Details regarding the equity split, debt composition, or lead banks involved in the transaction are not publicly disclosed. The acquisition was structured as a full buyout with MoonPay acquiring 100% ownership of Sodot for $100 million in cash or stock, though specifics on payment terms have not been revealed. No information is available about any leverage used to finance the deal and whether seller financing was involved.
Strategic context
MoonPay’s acquisition of Sodot underscores its strategic focus on expanding into institutional markets by enhancing security features for digital asset custody. MoonPay aims to establish itself as a leading provider in this space, leveraging Sodot’s advanced encryption technology to attract financial institutions and large asset managers seeking robust digital asset protection solutions. For Sodot, the deal provides an opportunity to accelerate its growth and scale operations globally through MoonPay's extensive network and resources.
Regulatory path
The acquisition of Sodot by MoonPay is likely subject to regulatory scrutiny in both Israel and the United Kingdom due to the nature and size of the transaction. In the UK, the Competition and Markets Authority (CMA) may review aspects related to competition law if there are concerns about market concentration or anti-competitive practices arising from the deal. Similarly, in Israel, the Antitrust Authority would assess whether the acquisition poses any anticompetitive risks within local markets for digital asset security services. However, as of now, no specific regulatory filings have been made public regarding this transaction.
Note: The exact timing and outcomes of regulatory reviews remain undetermined at present.