Key Takeaways
- • Soter Insure, an Abu Dhabi-headquartered insurer specializing in digital assets, expanded its Series B financing with strategic investments from SC Ventures, the innovation and investment arm of Standard Chartered, and Japan's SBI Group.
- • Token Bay Capital made a follow-on investment in the round, having previously backed Soter in its Series A financing.
- • The Series B round was led by Galaxy, with earlier participation from Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital; the initial close was announced in July 2026.
- • Proceeds are earmarked for increasing institutional insurance capacity, strengthening underwriting technology, and expanding in Asia-Pacific through Hong Kong and in Europe and the United States.
- • The company's coverage spans D&O, professional indemnity, crime, specie, slashing, and smart contract failure insurance, denominated in both fiat and digital assets.
Summary
Soter Insure, an Abu Dhabi-headquartered insurance company focused on digital assets, has expanded its Series B financing with strategic investments from SC Ventures, the innovation and investment division of Standard Chartered, and Japan's SBI Group, according to the company's announcement. Token Bay Capital, which backed Soter during its Series A, also contributed a follow-on investment in the second close. The new investors join a Series B round led by Galaxy, with earlier participation from Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. The initial close was announced in July 2026. The financial terms of the expanded round were not disclosed.
The company provides insurance for financial institutions operating in the digital asset economy, addressing risks tied to cryptocurrency custody, blockchain infrastructure, and institutional participation in digital asset markets. Its coverage portfolio includes Directors and Officers (D&O), professional indemnity, crime, specie, slashing, and smart contract failure insurance. Products are offered in both traditional fiat currencies and native digital assets.
The proceeds are intended to increase the availability of institutional-grade insurance, develop underwriting capabilities suited to emerging blockchain technologies, and expand internationally. Soter plans to deepen its presence in Asia-Pacific through its Hong Kong operations and pursue opportunities in Europe and the United States. The company was incubated by Further Ventures and WebN Group, operates from Bermuda, and maintains offices in London, New York, and Dubai.
In a statement, Founder and CEO Henson Orser said banks cannot scale in digital assets without the risk protection they rely on elsewhere, and that such protection remains scarce. Herve Francois, Principal of the Digital Assets Fund at SC Ventures, said insurance is a critical but often overlooked part of the digital assets ecosystem. Yangte Kim, UAE representative of SBI Group, said the investment supports the development of a more resilient global digital asset ecosystem.
SC Ventures has deployed more than $1 billion across over 30 portfolio companies globally since 2018, spanning digital banking, fintech, digital assets, and cross-border infrastructure. SBI Group operates across securities, banking, insurance, asset management, private equity, and crypto-assets. Token Bay Capital, headquartered in Abu Dhabi Global Market, invests in digital asset infrastructure including custody, trading, payments, and tokenization.
The company provides insurance for financial institutions operating in the digital asset economy, addressing risks tied to cryptocurrency custody, blockchain infrastructure, and institutional participation in digital asset markets. Its coverage portfolio includes Directors and Officers (D&O), professional indemnity, crime, specie, slashing, and smart contract failure insurance. Products are offered in both traditional fiat currencies and native digital assets.
The proceeds are intended to increase the availability of institutional-grade insurance, develop underwriting capabilities suited to emerging blockchain technologies, and expand internationally. Soter plans to deepen its presence in Asia-Pacific through its Hong Kong operations and pursue opportunities in Europe and the United States. The company was incubated by Further Ventures and WebN Group, operates from Bermuda, and maintains offices in London, New York, and Dubai.
In a statement, Founder and CEO Henson Orser said banks cannot scale in digital assets without the risk protection they rely on elsewhere, and that such protection remains scarce. Herve Francois, Principal of the Digital Assets Fund at SC Ventures, said insurance is a critical but often overlooked part of the digital assets ecosystem. Yangte Kim, UAE representative of SBI Group, said the investment supports the development of a more resilient global digital asset ecosystem.
SC Ventures has deployed more than $1 billion across over 30 portfolio companies globally since 2018, spanning digital banking, fintech, digital assets, and cross-border infrastructure. SBI Group operates across securities, banking, insurance, asset management, private equity, and crypto-assets. Token Bay Capital, headquartered in Abu Dhabi Global Market, invests in digital asset infrastructure including custody, trading, payments, and tokenization.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.