"Moonpay's acquisition of Sodot serves as the technological bedrock for the newly minted Moonpay Institutional business unit, marking a strategic expansion into regulated financial services."
"Caroline Pham, with over 25 years in law and finance, will lead Moonpay Institutional, signaling the company's commitment to compliance and institutional engagement in the crypto space."
"The stablecoin market cap has surged over 50% since early 2025, now valued near $320 billion, indicating a growing demand from institutional investors."
Moonpay acquired Sodot, an Israeli startup, for $100 million in an all-stock deal, establishing the foundation for Moonpay Institutional. This new unit aims to provide regulated DeFi and stablecoin access to global asset managers. Caroline Pham, a former CFTC official, will lead this initiative, reflecting Moonpay's transition from a retail-focused platform to a comprehensive infrastructure provider for financial entities. The stablecoin market has seen significant growth, and Moonpay is positioning itself as a key player in this evolving landscape.
Read at news.bitcoin.com
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