Sodot
Sodot builds self-hosted MPC and TEE-based key management infrastructure for institutional crypto operators — exchanges, custodians, trading firms, and wallet providers — securing private keys and exchange API keys without vendor custody.
- Company typePrivate
- Founded2023
- HeadquartersTel Aviv, Israel
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Sodot does
Sodot is an Israel-based cryptography infrastructure company founded in 2023 that builds self-hosted Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) key management systems for institutional digital-asset operators. Its core product, Sodot MPC Infra, is deployed inside the customer's own AWS, Azure, or GCP environment via a server-side REST API service (Vertex) running within hardware secure enclaves, paired with client-side SDKs for Kotlin, Swift, React Native, Unity, and Wasm; the company holds no key shares and has zero visibility into customer data. A second product, Exchange API Vault (launched January 2026), extends the same zero-exposure security model to centralized exchange API keys, targeting high-frequency trading firms. Sodot sells exclusively to enterprise and institutional buyers — crypto exchanges, custodians, asset managers, payment platforms, wallet providers, and trading firms — under a quote-based "One Fixed Cost" multi-year contract model, with disclosed customers including BitGo, eToro, Flow Traders, Exodus, Bitcoin.com, Raise, Arrel, and Keyrock.
Sodot was acquired by MoonPay in April 2026 in an all-stock transaction valued at approximately $100 million, having raised only $4.5M in disclosed venture funding (a $3.0M seed led by Entrée Capital in October 2023) — implying a roughly 22x return for early investors. The acquisition positions Sodot's infrastructure as the key management foundation of the newly launched MoonPay Institutional division. The company holds SOC 2 Type 1 and Type 2 attestations issued by EY, completed external cryptography audits by Trail of Bits (September 2024) and NCC Group (September 2025), and was selected for Deloitte Launchpad Batch 9 in August 2025.
Sodot firmographics
Firmographics- Name
- Sodot
- Legal name
- Sodot
- Website
- https://sodot.dev
- Company type
- Private
- Founded year
- 2023
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Sodot builds self-hosted MPC and TEE-based key management infrastructure for institutional crypto operators — exchanges, custodians, trading firms, and wallet providers — securing private keys and exchange API keys without vendor custody.
- Ownership category
- akta.pro rank
Sodot industry classification
Industry- Product category
- Crypto Key Management Infrastructure
- NAICS
- Other Financial Vehicles (525990), Other Financial Vehicles (52599)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- MPC / HSM / Key Management Infrastructure (FSADACAC)
- akta.pro secondary industry
- Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB)
Keywords
Where Sodot is headquartered
LocationHeadquarters
- HQ city
- Tel Aviv
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
Sodot business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise infrastructure licensing: B2B self-hosted infrastructure sold to crypto exchanges, asset managers, custodians, wallet providers, payment platforms, and trading firms. Pricing is structured as 'One Fixed Cost' (per company messaging) rather than per-seat, usage-based, or take-rate — Sodot does not perform signing operations, so revenue is not transaction-linked. Multi-year enterprise contracts implied by long onboarding and 24/7 support model.
- Recurring infrastructure / support contracts: Implied recurring component via 24/7 support (365 days/year), product updates, and ongoing integration engineering — consistent with enterprise SaaS-style support contracts layered on top of the initial self-hosted deployment.
- Acquisition value (MoonPay transaction): Sodot was acquired by MoonPay in April 2026 in an all-stock transaction valued at approximately $100 million. Sodot continues to operate independently and its infrastructure now serves as the key management foundation of MoonPay Institutional.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Fixed-cost enterprise contract (quote-based) |
Go-to-market motion4 records
Distribution channels2 records
Marketing channels5 records
Sodot product offering
Product offeringCore offering
Sodot sells self-hosted MPC and TEE-based cryptographic key management infrastructure that enterprises deploy inside their own AWS, Azure, or GCP environments. The platform powers secure custodial and self-custodial crypto products across institutional custody, B2C wallets, payments and stablecoins, crypto trading, and regulated custody use cases, with the Exchange API Vault extending the same zero-exposure MPC security model to centralized exchange API trading keys.
Product overview
Sodot offers a focused two-product crypto key management platform built around self-hosted MPC and TEE (Trusted Execution Environment) technology. The core offering is Sodot MPC Infra, a self-hosted MPC key management infrastructure that powers secure custodial and self-custodial crypto product development across institutional self-c custody, B2C wallets, payments and stablecoins, crypto trading, and regulated custody use cases. Complementing it is the Exchange API Vault, an enterprise-grade add-on that extends the same zero-exposure MPC security model to centralized exchange API keys for trading and automated payment operations. Together, the products enable customers to manage the full lifecycle of sensitive keys — from private keys to API keys — without vendor dependency.
Differentiator
Problem solved
Functional benefit
Products and services
- Sodot MPC Infra Self-hosted MPC key management infrastructure designed for building secure custodial and self-custodial crypto products without dependencies or limitations. Supports Distributed Key Generation (t-of-n), key derivation, key import, signing, key refresh and resharing, backup, and private key export, with a self-managed programmable policy layer. Compatible with AWS, Azure, and GCP, with MPC code running within Secure Enclaves (TEE). Client-side SDKs are available for Kotlin, Swift, React Native, Unity, and Wasm alongside a server-side REST API (Vertex).
- Exchange API Vault Enterprise-grade security solution for securing exchange API keys using the same MPC and TEE best practices used for private keys. Uses multi-party computation to split each key and store it securely, ensuring no single machine or user ever holds the full key. Designed for HFT-compatible performance, programmable policy enforcement on the trader side, and eliminating single points of failure. Targets exchanges, market makers, asset managers, and payment providers trading on centralized exchanges.
Quantifiable outcome
- Secured over $50 billion in transactions across its customer base
- +5 more outcomes
Companies that use Sodot
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles5 records
Sodot technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature9 records
Sodot partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered flagship and core.
- MoonPayflagshipMoonPay acquired Sodot in an all-stock transaction valued at approximately $100 million in April 2026. Sodot's infrastructure serves as the key-management foundation of MoonPay Institutional, a new division serving financial institutions, asset managers, trading firms and exchanges. Sodot continues to operate independently.
- zeroShadowcoreSodot and zeroShadow address complementary layers of crypto security: Sodot secures the execution layer via self-hosted MPC and policy controls, while zeroShadow provides operational readiness and incident response (helped freeze $300M+ in funds across breaches). Sodot explicitly positions the two together as the next phase of digital asset security.
- AleoflagshipSodot added MPC signing support for Aleo L1's distinct zero-knowledge transaction scheme, enabling institutions to sign Aleo transactions using distributed key management while retaining operational control of key material. Positions Sodot as the MPC partner of choice for the privacy-focused Aleo chain — described as removing the 'final friction point for private institutional finance'. Quote from Aleo COO Leena Im: 'With adding MPC support for Aleo by Sodot, we're removing the final friction point for private institutional finance.'
- RaiseflagshipRaise integrated Sodot's self-hosted MPC infrastructure across multiple blockchain-powered payments and loyalty products. Raise has facilitated over $10 billion in transactions and is a pioneer in bringing gift cards and loyalty programs on-chain. Quote from Raise CEO George Bousis: 'The collaboration with Sodot is another step in our commitment to realizing our vision of fully bringing gift cards and loyalty programs on-chain.'
- Arrel TechnologycoreMauritius-based Arrel (founded 2017) provides institutional-grade digital asset infrastructure for financial institutions. Selected Sodot's MPC for custody integrations, multi-venue trading, compliance, treasury operations, and digital-asset payments across blockchain networks. Quote from Arrel CTO Jevon Coffin-Grey: 'Sodot's MPC-based infra enables us to manage keys across our platform while maintaining the flexibility and compliance standards our institutional customers expect.'
- Flow TradersflagshipFlow Traders (institutional liquidity provider) adopted Sodot's Exchange API Vault as the first real-world deployment, securing dozens of active API keys supporting high-frequency trading across multiple exchange platforms. Quote from Laszlo Fodor, Head of Digital Assets Technology: 'Solutions like Sodot's Exchange API Vault contribute to the trust across the digital asset ecosystem… We are actively leveraging and supporting such solutions.'
- NCC GroupcoreNCC Group, a global cybersecurity firm, conducted an external cryptography code audit of Sodot's MPC implementation in September 2025. Audit badge displayed on sodot.dev.
- DeloittecoreSelected for Deloitte Launchpad Batch 9 — a corporate accelerator launched in 2020 that has supported 74 startups raising $1.6B in aggregate; participants report average 68% increases in funding and headcount.
- Bitcoin.comcoreBitcoin.com integrated Sodot MPC to provide a more unified, seamless and secure wallet experience across its ecosystem. Quote from CEO Corbin Fraser: 'Our partnership with Sodot enables us to implement security solutions that meet the highest standards while delivering a seamless, user-friendly experience.'
- ExodusflagshipExodus launched Passkeys Wallet with Sodot's MPC infrastructure for 1-click secure wallet creation, targeting onboarding of 'the next billion users to Web3'. Quote from Exodus (JP Richardson, CEO): 'As Exodus further develops its wallet product suite to onboard the next billion users, MPC plays a significant role in ensuring the highest level of security alongside a seamless user experience.'
- EYflagshipEY issued both SOC 2 Type 1 and SOC 2 Type 2 attestations for Sodot. AICPA SOC 2 badge displayed on every page of sodot.dev.
- Trail of BitscoreTrail of Bits, a security engineering firm, conducted an external cryptography code audit of Sodot's MPC implementation in September 2024. Audit badge displayed on sodot.dev.
- TholoscoreTholos, a self-custodial institutional wallet solution, launched with Sodot MPC infrastructure and reached market 18 months faster than building key management in-house.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Sodot competitors and assessment
Company assessmentDirect peers
- Fireblocks: Largest SaaS-delivered MPC custody and key management platform for institutions. Most direct competitor to Sodot's MPC Infra across exchanges, custodians, and trading firms; Sodot's self-hosted positioning is explicitly differentiated against Fireblocks' SaaS model.
- Taurus: Swiss institutional crypto infrastructure provider offering custody, tokenization, and key management to banks and asset managers. Directly comparable to Sodot's MPC Infra at the European institutional tier.
- Fordefi: Institutional MPC wallet platform purpose-built for DeFi and on-chain trading. Directly competes with Sodot's MPC Infra and Exchange API Vault for trading-firm and market-maker buyers.
- Dfns: API-first MPC wallet and key management infrastructure targeted at fintechs and crypto-native developers. Closely comparable to Sodot's developer/API-first motion and SDK distribution approach.
- Qredo: Decentralized MPC-based custody and treasury management platform for institutions. Competes in the same institutional custody and key management category as Sodot's MPC Infra.
Broad incumbents
- Anchorage Digital: US-regulated institutional crypto custodian offering custody, staking, and key management. Targets the same institutional buyer profile as Sodot's MPC Infra, but as part of a broader regulated-custody stack rather than a self-hosted specialist.
- BitGo: Long-standing institutional crypto custody and wallet infrastructure provider — and simultaneously a Sodot customer. Operates across cold storage, MPC, and qualified custody, competing with Sodot in the same enterprise RFPs.
- Coinbase Prime / Coinbase Custody: Largest US-regulated institutional crypto custody and prime brokerage franchise. Competes broadly with Sodot for institutional custody, trading, and staking mandates.
- Cobo: Institutional digital asset custody and key management provider with MPC, HSM, and DeFi custody offerings. Overlaps with Sodot across custodians, trading firms, and B2B fintech infrastructure.
Emerging players
- Web3Auth: MPC and key-management infrastructure focused on consumer wallet onboarding and passkey-based UX. Adjacent to Sodot's B2C wallet-provider segment and passkeys-based MPC flows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Sodot social profiles
Digital presenceSodot financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sodot leadership team
Management profileNumber of profiles
Profiles4 records
Sodot subsidiaries and ownership
Company hierarchySubsidiaries2 records
Sodot funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sodot M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sodot
What does Sodot do?
Sodot sells self-hosted MPC and TEE-based cryptographic key management infrastructure that enterprises deploy inside their own AWS, Azure, or GCP environments. The platform powers secure custodial and self-custodial crypto products across institutional custody, B2C wallets, payments and stablecoins, crypto trading, and regulated custody use cases, with the Exchange API Vault extending the same zero-exposure MPC security model to centralized exchange API trading keys.
Is Sodot a public or private company?
Sodot is a private company. It is classified as corporate owned and is currently acquired.
When was Sodot founded?
Sodot was founded in 2023. It employs 11 to 50 people.
Where is Sodot based?
Sodot is headquartered in Tel Aviv, Israel, in the Middle East region.
How does Sodot make money?
Three revenue lines are on record. Enterprise infrastructure licensing is the primary driver. The others are recurring infrastructure / support contracts and acquisition value (MoonPay transaction).
Who are Sodot's main competitors?
Direct peers on record are Fireblocks, Taurus, Fordefi, Dfns and Qredo. Broad incumbents are Anchorage Digital, BitGo, Coinbase Prime / Coinbase Custody and Cobo. Web3Auth is listed as an emerging player.
Does Sodot have an API?
Yes. Sodot offers a production-ready server-side REST API (called Vertex) that runs within a Secure Enclave (TEE) and is compatible with AWS, Azure, and GCP. The MPC code and REST API server run inside a Secure Enclave. The REST API deployable service is offered as part of the self-hosted Sodot MPC Infrastructure product, enabling enterprise customers to integrate MPC-based key management into their own crypto products. Developer documentation is at docs.sodot.dev/docs/intro.
What industry is Sodot in?
Sodot's product category is Crypto Key Management Infrastructure. Its primary akta.pro industry code is FSADACAC, MPC / HSM / Key Management Infrastructure, with a secondary code of FSAGAMAB, Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra). Its NAICS code is 525990 and its SIC code is 6199.