MoonPay
A crypto-payments company that acquired MPC key-management firm Sodot for $100M in April 2026.
Visit Website ↗ + Add to Compare Claim This CompanyOverview
MoonPay, founded in 2019 and based in Miami, is a crypto-payments infrastructure firm that acquired Sodot, an Israeli multi-party-computation key-management company, for $100 million in April 2026, embedding MPC-based key security directly into its payments infrastructure rather than relying on third-party custody alone.
It is a narrow, sector-specific capability relevant to crypto-native security teams.
Innovation Matrix Assessment
Acquiring specialized MPC key-management technology (Sodot) shows a fast, targeted pace of security capability expansion.
A fast-growing but still mid-size crypto-payments company integrating a newly acquired security technology.
The $100M Sodot acquisition (April 2026) marks a significant move into crypto-security M&A.
MPC-based key management is a genuinely advanced cryptographic approach relative to traditional custody security models.
Sodot had an established reputation in MPC/crypto key-management security prior to acquisition.
Cryptographic key-management security is highly relevant to crypto/fintech CISOs specifically, a narrower audience than general enterprise security.
Why CISOs Should Care
MoonPay, a crypto-payments infrastructure firm, acquired Sodot ($100M, Israeli multi-party-computation/MPC crypto key-management security) in April 2026, giving CISOs and security teams at crypto and fintech businesses stronger cryptographic key-management infrastructure.
What Makes It Different
MoonPay differentiates by embedding Sodot's MPC-based key-management security directly into its crypto-payments infrastructure, addressing wallet and private-key security at the protocol level rather than relying on third-party custody security alone.
The Matrix Verdict
45/100 — EMERGING / UNRANKED
A fast-growing crypto-payments infrastructure company strengthening its security posture through the Sodot MPC key-management acquisition, relevant to crypto-native security teams though a narrow, sector-specific security capability rather than general enterprise cybersecurity.
Editorial Note: Claims vs. Verified Findings
MoonPay's primary business is crypto payments and on/off-ramp infrastructure; the Sodot acquisition adds cryptographic key-management security capability and is not a general cybersecurity-native origin.
Sources
- MoonPay
- Coverage of the MoonPay-Sodot acquisition (April 2026)
Alternatives to MoonPay
Fireblocks
The category-defining institutional digital-asset custody platform, combining MPC and hardware chip isolation to move roughly $2 trillion in…
Cyera
AI-powered, agentless data security platform combining DSPM, DLP, and AI-activity monitoring, and one of the fastest-funded startups in…
Varonis
Data-centric security platform that monitors file, email, and cloud activity to detect insider threats and ransomware before data…
SandboxAQ
Alphabet spinout building AQtive Guard, a cryptographic management platform helping enterprises inventory, assess and migrate to quantum-safe encryption.
Halcyon
Ransomware-focused cyber resilience platform combining endpoint prevention, automated recovery, and data exfiltration protection.
CyberRidge
Photonic-layer encryption that converts transmitted data into optical noise, defending fiber communications against quantum-era decryption.