#institutional-crypto

➤ MoonPay has launched MoonPay Trade, a new platform offering institutions a single API for on-chain execution, settlement, and liquidity across over 200 blockchains. ➤ The platform aims to address blockchain fragmentation and simplify access to digital assets, supporting functions like collateral movement, tokenized fund subscriptions, and cross-chain settlement. ➤ This expansion signifies MoonPay's growing institutional focus, integrating technology from its acquisition of Decent.xyz and complementing its existing services in payments and custody.

➤ MoonPay has acquired Sodot, an Israeli crypto security infrastructure company, to launch its new institutional digital asset business, MoonPay Institutional. ➤ The acquisition aims to provide financial institutions, asset managers, and trading firms with key management, transaction controls, and broader digital asset infrastructure. ➤ Led by former CFTC acting chair Caroline Pham, MoonPay Institutional's focus on security and regulatory compliance signals a strategic shift towards serving traditional finance players entering the crypto space.

➤ Solstice CEO Ben Nadareski emphasizes that institutions require crypto infrastructure for yield generation and liquidity, not just asset exposure. ➤ The company's USX settlement layer and YieldVault product aim to eliminate 'cash drag' by allowing capital to earn yield while remaining liquid and composable within DeFi. ➤ Key to institutional adoption are regulatory clarity, robust transparency standards, seamless integration with existing financial systems, and visible precedents of successful operationalization.

➤ MoonPay has acquired crypto security firm Sodot for approximately $100 million to launch an institutional unit focused on digital asset markets. ➤ The new unit will leverage Sodot's key management technology to serve financial institutions, asset managers, and trading firms, expanding MoonPay's services beyond retail payments. ➤ This move highlights the increasing demand for secure wallet and custody infrastructure from traditional finance as they enter the digital asset space.