Digital asset insurance company Soter Insure completes Serie
Digital asset insurance company Soter Insure announced that its Series B round received strategic investment from Standard Chartered's SC Ventures and Japan's SBI Group, with existing investor Token Bay Capital increasing its investment; Galaxy had previously led the round, with Coinbase Ventures, Franklin Templeton and Brevan Howard Digital participating. The amount was not disclosed.
Event Timeline
- [11-05 11:40] SC Ventures, SBI Group strategically invest in digital asset insurance company Soter Insure (Odaily)
- [11-05 11:52] Digital asset insurance company Soter Insure's Series B funding receives investment from SC Ventures, SBI Group (PANews)
Background and Impact
On November 5, 2026, digital asset insurance company Soter Insure announced that SC Ventures, the innovation and venture investment arm of Standard Chartered, and Japanese financial group SBI Group participated in its Series B round as strategic investors, with existing investor Token Bay Capital increasing its investment. Odaily reported the news at 11:40 that day and PANews at 11:52; the two sources described the list of participants identically: Galaxy had previously led the round, and participants also included Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. Odaily explicitly stated that the specific funding amount was not disclosed, and PANews's report likewise gave no figure; neither report mentioned the completion time or valuation of the round.
Public information shows that Soter Insure is headquartered in Abu Dhabi with its operations center in Bermuda, and focuses on providing digital asset-related insurance products to financial institutions. The company said the proceeds from this round will be used to expand insurance underwriting capacity, deepen underwriting and technical capabilities, and accelerate expansion into the Asia-Pacific, European and US markets, with Asia-Pacific expansion relying on its Hong Kong business. This is the full scope of the use of funds disclosed by the two sources; more specific product lines, customer structure and underwriting scale have not yet been made public.
Looking at the structure of the investors, this round brings together bank-affiliated innovation and venture arms, a Japanese financial group, and crypto-sector investment institutions. Based on public information, this reflects institutional capital's continued attention to digital asset insurance as an infrastructure segment; insurance underwriting capacity and underwriting technology are a foundational part of risk transfer for digital asset institutional business, while expansion across Asia-Pacific, Europe and the US points to cross-border service coverage. However, because the transaction amount, valuation and shareholding ratios were all undisclosed, it is impossible to judge the relative size of this round on that basis, and it should not be extrapolated as a signal of an overall recovery in industry funding. It should be noted that this information does not involve any exchange's business adjustments or account opening and registration processes; readers looking for OKX account opening tutorials, OKX registration tutorials, Huobi account opening tutorials, Huobi registration tutorials or Gate account opening tutorials should refer to the official statements of the respective platforms.
On the timeline, the existing framework of this round was Galaxy leading and multiple institutions participating; what was announced on November 5 was the joining of SC Ventures and SBI Group as strategic investors, along with Token Bay Capital's additional investment. The two sources do not conflict on the list of participants; the only difference is that Odaily explicitly wrote that the amount was undisclosed, while PANews made no statement about the amount. Public milestones to watch going forward include: whether the company discloses the funding amount and valuation, the specific manner in which the Asia-Pacific business is implemented via Hong Kong, and changes in product scope after the expansion of underwriting capacity.
FAQ
### What is the specific amount of this round of funding?
Not disclosed. Odaily's report explicitly stated that the specific funding amount was not disclosed, and PANews also gave no figure. What can be confirmed is that Galaxy previously led the round, SC Ventures and SBI Group participated as strategic investors, Token Bay Capital increased its investment, and Coinbase Ventures, Franklin Templeton and Brevan Howard Digital participated.
### In what directions will Soter Insure use the funds?
According to PANews, the funds will be used to expand insurance underwriting capacity, deepen underwriting and technical capabilities, and accelerate expansion into the Asia-Pacific, European and US markets, with Asia-Pacific expansion relying on its Hong Kong business. The company is headquartered in Abu Dhabi with its operations center in Bermuda, and focuses on providing digital asset-related insurance products to financial institutions.
### Will this funding affect exchange account opening or registration processes?
This information does not involve any exchange's business adjustments or account opening and registration processes. Users searching for OKX account opening tutorials, OKX registration tutorials, Huobi account opening tutorials, Huobi registration tutorials or Gate account opening tutorials should refer to the official statements of the respective platforms, and should not directly link an insurance company's funding news to platform operating procedures.