Soter Insure, a specialist insurer for the digital asset economy, has announced that SC Ventures, the innovation and ventures arm of Standard Chartered, and Japanese financial group SBI Group have joined its Series B as strategic investors, adding to the round led by New York-headquartered Galaxy.
This second close also includes follow-on investment from Token Bay Capital, a Soter backer since its Series A.
The new investors join Coinbase Ventures, Franklin Templeton and Brevan Howard Digital, which participated in the first close announced in July 2026.
Insurance capacity remains one of the main missing pieces for banks and asset managers entering digital assets. Without it, institutions cannot apply the same risk standards they use for every other asset class. The backing of two global financial groups that are active in digital assets reflects a growing recognition that specialised coverage is a prerequisite for institutional participation.
Soter Insure will use the proceeds to increase its insurance capacity, deepen its underwriting and technology capabilities, and expand into mature and emerging digital asset markets, including Asia-Pacific through its Hong Kong presence, Europe and the US. "Banks can't scale in digital assets without the risk protection they rely on everywhere else, and today that protection is still scarce," said Mr Henson Orser, Founder and CEO of Soter Insure.
"With SC Ventures and SBI Group joining Galaxy, Coinbase Ventures and Franklin Templeton we now have traditional finance and digital asset natives behind the same goal: insurance capacity at institutional scale. Our strategic investors now span most of the jurisdictions and networks at the forefront of digital asset adoption."
Headquartered in Abu Dhabi and operating out of Bermuda, with offices in London, New York and Dubai, Soter Insure was incubated by Further Ventures and WebN Group. The company offers specialised digital asset insurance products for financial institutions, including Directors & Officers (D&O), Professional Indemnity (PI), Crime, Specie, Slashing and Smart Contract Failure coverage, uniquely denominated in both fiat and native digital assets.
Licensed and based in the Abu Dhabi Global Market, Token Bay Capital is authorised and regulated by the Financial Services Regulatory Authority as a venture capital fund manager. It backs early-stage companies building the infrastructure institutions need to use digital assets: custody, trading, payments, on-chain finance and tokenisation.
Galaxy is a digital asset financial company.