I really look at this and compare it to when you had financial markets were based on paper.

You had traders on the trading floor, shouting orders at each other and writing things on paper.

Then you move to electronification of markets where everybody was using computers.

And I see this as that next natural evolution to going to blockchain technology where it is immediately reconciled.

I mean, you no longer have to worry about settlement fails.

You don't have that great paperwork crisis that happened that actually started the trend towards dematerialization of securities. Markets move fast. Markets move fast, crypto moves faster.

From the floor of the New York Stock Exchange, CoinDesk's public keys tracks the money,

markets, and moves shaping digital assets.

Caroline Fim, welcome to Market's Outlook. Hi, thanks for having me on the show.

Of course, thanks for joining us again.

We are talking about the news that was launched this morning,

Moon Pay acquiring SODA and launching Moon Institutional.

Just like quick foundation for us here, what was behind the acquisition,

and what can we expect from Moon Institutional?

Sure, of course. So we're very excited to announce this deal. Sodot was acquired for $100 million

all stock and it is the foundation of our Moon Pay Institutional Business Unit that we've launched

to focus on financial institutions, asset managers,

trading firms, and exchanges. What's really exciting about SODOT is that they were founded in

2023 with a top team that provides secure key management solutions, non-custodial or self-hosted

wallets founded by Ido Sofer and his co-founders. And it just really represents the gold standard in cryptography and other technology to

make sure that you actually own your keys and own your crypto.

It's being used by some of the top exchanges and trading firms in the world.

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