SC Ventures and SBI Group Join Soter Insure's Series B Funding Round
Soter Insure, a specialist insurer for the digital asset economy, has announced a second close to its Series B funding round. Strategic investors SC Ventures (the innovation arm of Standard Chartered) and Japan's SBI Group have joined the round, which was originally led by Galaxy. Other notable participants include Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, with follow-on support from Token Bay Capital. The capital injection is intended to increase Soter Insure's insurance capacity, enhance underwriting and technology capabilities, and facilitate expansion into the Asia-Pacific, European, and US markets. The investment highlights a growing institutional demand for specialized risk protection, which remains a critical barrier for banks and asset managers entering the digital asset space.
Topics: Digital Asset Insurance Fintech Institutional Investment Series B funding