Key Takeaways
- • Soter Insure added Standard Chartered's SC Ventures and Japan's SBI Group as investors in the second close of its Galaxy-led Series B round, per FinTech Global.
- • Soter offers specialist cover for financial institutions in digital assets, including Directors & Officers, Professional Indemnity, Crime, Specie, Slashing and Smart Contract Failure insurance, with coverage denominated in fiat or native digital assets.
- • Existing backers include Galaxy, Token Bay Capital, Coinbase Ventures, Franklin Templeton and Brevan Howard Digital, which participated in the first close announced in July 2026.
- • Proceeds will support underwriting capacity, technology development and expansion across Asia-Pacific, Europe and the US.
Summary
Soter Insure has secured strategic backing from SC Ventures, the innovation and venture-building arm of Standard Chartered, and Japan's SBI Group, according to FinTech Global. The two groups joined the second close of Soter's Series B funding round, which is led by Galaxy. Token Bay Capital, which has backed the insurer since its Series A, also participated in the close. Coinbase Ventures, Franklin Templeton and Brevan Howard Digital were existing investors from the first close announced in July 2026. The round size was not disclosed in the source material.
The investment reflects a view that insurance is becoming core infrastructure for institutional digital asset adoption. Banks and asset managers need protection that allows them to manage crypto-related exposures against risk standards applied in traditional markets. Soter positions its offering around this need, providing policies covering Directors & Officers, Professional Indemnity, Crime, Specie, Slashing and Smart Contract Failure. Coverage can be denominated in fiat currencies or native digital assets.
The new capital will fund increased underwriting capacity, technology development and expansion into additional markets. Soter is targeting Asia-Pacific through its Hong Kong presence, as well as Europe and the US. The company was incubated by Further Ventures and WebN Group, operates from Bermuda and maintains offices in London, New York and Dubai.
SC Ventures has deployed more than $1bn across over 30 portfolio companies since 2018, and its Middle East operations have grown from two ventures to 10 across the UAE and Saudi Arabia in two years, with Egypt identified as its next market. SBI Group, founded in Japan in 1999, operates across securities, banking, insurance, asset management, private equity and crypto-assets. Token Bay Capital, founded in Hong Kong in 2021 and now based in Abu Dhabi Global Market, is regulated by the FSRA as a venture capital fund manager.
Soter founder and CEO Henson Orser said that banks cannot scale in digital assets without the risk protection they rely on elsewhere, and that such protection remains scarce. SC Ventures digital assets fund principal Herve Francois said insurance is a critical but often overlooked part of the ecosystem. SBI Group representative in the UAE Yangte Kim said robust insurance solutions will become an increasingly important part of the digital asset ecosystem.
The investment reflects a view that insurance is becoming core infrastructure for institutional digital asset adoption. Banks and asset managers need protection that allows them to manage crypto-related exposures against risk standards applied in traditional markets. Soter positions its offering around this need, providing policies covering Directors & Officers, Professional Indemnity, Crime, Specie, Slashing and Smart Contract Failure. Coverage can be denominated in fiat currencies or native digital assets.
The new capital will fund increased underwriting capacity, technology development and expansion into additional markets. Soter is targeting Asia-Pacific through its Hong Kong presence, as well as Europe and the US. The company was incubated by Further Ventures and WebN Group, operates from Bermuda and maintains offices in London, New York and Dubai.
SC Ventures has deployed more than $1bn across over 30 portfolio companies since 2018, and its Middle East operations have grown from two ventures to 10 across the UAE and Saudi Arabia in two years, with Egypt identified as its next market. SBI Group, founded in Japan in 1999, operates across securities, banking, insurance, asset management, private equity and crypto-assets. Token Bay Capital, founded in Hong Kong in 2021 and now based in Abu Dhabi Global Market, is regulated by the FSRA as a venture capital fund manager.
Soter founder and CEO Henson Orser said that banks cannot scale in digital assets without the risk protection they rely on elsewhere, and that such protection remains scarce. SC Ventures digital assets fund principal Herve Francois said insurance is a critical but often overlooked part of the ecosystem. SBI Group representative in the UAE Yangte Kim said robust insurance solutions will become an increasingly important part of the digital asset ecosystem.
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