Digital payments giant MoonPay is betting big on institutional crypto with a $100 million acquisition of Israeli security powerhouse Sodot. The strategic purchase represents MoonPay's most aggressive expansion yet, signaling confidence in enterprise crypto demand despite market uncertainties.

The new division will be helmed by former CFTC Acting Chair Caroline Pham, bringing regulatory expertise to this security-focused venture. 'This acquisition marks a pivotal moment in bridging traditional finance with digital assets,' Pham stated, emphasizing Sodot's cutting-edge security protocols as the cornerstone of MoonPay's institutional ambitions.