Soter Insure Completes Series B Funding Led by Galaxy to Expand Digital Asset Insurance Offerings
Soter Insure, an insurance provider focused on the digital asset economy, has completed the first close of its Series B funding round. The round is led by Galaxy Digital and includes new investors Coinbase Ventures and Franklin Templeton, along with follow-on support from existing backers like Brevan Howard Digital. The company aims to address a critical gap in institutional adoption of digital assets through specialized insurance products such as Directors & Officers (D&O), Professional Indemnity (PI), Crime, Specie, Slashing, and Smart Contract Failure coverage. These offerings are denominated in both fiat currency and native digital assets. With the funding, Soter plans to expand its underwriting capabilities, enhance technology infrastructure, and scale operations globally across key markets.
Topics: blockchain digital assets insurance Series B funding