Soter Insure Closes Series B With SC Ventures, SBI and Galaxy
Soter Insure has secured institutional backing from SC Ventures and SBI in its Series B round, joining a cohort that includes Galaxy, Coinbase Ventures, and Franklin Templeton.
Abu Dhabi-based Soter Insure has expanded its Series B funding round with strategic investments from SC Ventures and SBI, two globally recognized institutional players, as the crypto-focused insurer continues to build out its capital base with heavyweight financial backers.
The round is led by Galaxy and also counts Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital among its participants. Token Bay Capital, an earlier backer, provided additional follow-on support, signaling continued confidence from existing investors in the company's trajectory.
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The combination of traditional financial giants such as Franklin Templeton and Brevan Howard Digital alongside crypto-native firms like Coinbase Ventures and Galaxy reflects a broader industry trend of institutional convergence around digital asset infrastructure plays, particularly those addressing risk management and insurance gaps in the sector.
Soter Insure is headquartered in Abu Dhabi, a jurisdiction that has positioned itself as a regional hub for digital asset businesses through regulatory frameworks designed to attract institutional-grade crypto ventures. The involvement of SBI and SC Ventures — the innovation arm of Standard Chartered — adds significant cross-border weight to the raise.
The announcement underscores growing institutional appetite for infrastructure-layer investments in the digital assets space, particularly companies offering financial protection and risk coverage products that have historically been underdeveloped relative to the sector's scale. Continue reading at Cryptocurrency.
