Today, we are excited to share that Sodot is joining MoonPay and starting the next chapter of our journey.
Three years ago, we started Sodot with a vision of what an ideal key management infrastructure should look like in the new era of crypto. The industry was already changing in anticipation of the entrance of financial institutions, global asset managers, and regulated fintechs into crypto. It created new opportunities, as institutional adoption went from a talking point to a pressing need for infrastructure that meets those standards.
Sodot was built for that moment - when security, operational control, product reliability, and high performance became strict requirements. From day one, our way of doing things was simple: zero compromises. Our customers always come first. We work hard, and we don’t stop until our solution meets the standards they and their users deserve. That principle does not change. If anything, the bar gets higher.
Over time, our core vision evolved into the belief that keys are so foundational that crypto deserves its own key management company. In crypto, we have our own way of doing things, starting with how we protect keys - because those who live in this space understand the immediate and disastrous consequences of getting it wrong. Modern custody has also become much more complex, requiring operations across multiple exchanges, liquidity venues, and vendors, and relying on hundreds of keys and credentials used continuously by automated systems. This is one of the defining infrastructure challenges in digital assets today.
“Adoption” also means serving customers who want the full benefits that crypto has to offer, with zero tolerance for the risks associated with it. Our mission now, as builders of crypto infrastructure, is to make that a reality.
Sodot & MoonPay
For us, it was always about impact, and that is the basis for our decision to join forces with MoonPay. We share the same core values, passion, and desire to win, and are excited about the role Sodot will play in building the infrastructure this market needs. This allows us to expand our capabilities, operate at greater scale, and bring our technology to a larger stage as foundational infrastructure through which financial institutions secure and move digital assets.
As part of the acquisition, Sodot’s infrastructure will also serve as the key management foundation of MoonPay Institutional’s technology stack - MoonPay’s new business serving financial institutions, asset managers, trading firms, and exchanges. This is a strong signal of where the market is heading, and a strong validation of the direction we chose three years ago.
In a world that includes both financial institutions and automated and autonomous money movement, keys are more foundational than ever, and protecting them is only becoming harder. Our mission is more important than ever.
Thank You
We owe many thanks to the people and companies that made this possible - to our talented and devoted team, to our investors who backed us and worked with us in the trenches, and to our customers, who trusted us with such a sensitive part of their business. Your trust is priceless, and it remains our biggest source of pride. We will keep working every day to earn it.
Grateful for the past and excited about the future.
Ido, Shalev, Matan & Elichai
