Soter Insure, a company specializing in insurtech solutions for digital assets, has announced its success in securing additional investment within its Series B funding round. This second close of the round witnessed the joining of prominent strategic investors, namely SC Ventures, the innovation and investment arm of Standard Chartered Bank, and Japan's SBI Group, in addition to a follow-on investment from Token Bay Capital.
Expanding the Scope of Insurance Coverage
This step comes as a continuation of the first close of the round announced in July 2026, led by Galaxy, and with participation from investors such as Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. The company intends to deploy the new funding to enhance its underwriting capabilities and develop its technological infrastructure, with ambitious expansion plans including the Asia-Pacific, European, and US markets.
Why This News Matters
Specialized insurance coverage is one of the biggest hurdles facing traditional financial institutions when attempting to enter the digital asset sector. Without robust insurance frameworks covering risks such as cyberattacks, financial crimes, and smart contract failures, banks and asset management companies find it difficult to apply their usual risk management standards.
By attracting investors from both the traditional financial sector and the digital asset sector, Soter Insure seeks to bridge this gap, paving the way for broader institutional participation in the digital asset market. The new investors emphasize that their support for the company stems from their belief that building a regulated insurance platform is a fundamental prerequisite for the sustainability and maturity of the global digital asset ecosystem.
About the Company
Soter Insure was founded in 2024 by Henson Orser, and established its headquarters in Abu Dhabi, with operational offices in London, New York, and Dubai. The company provides specialized insurance solutions tailored specifically for financial institutions dealing with digital assets, granting them protection against operational and technical risks associated with this emerging sector.