Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million

Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million

Soter also received backing of 500 BTC and 2000 ETH, worth another $43 million at current prices.

SC Ventures and SBI Join Soter Insure's Series B Alongside Follow-On from Token Bay Capital

The strategic investment from two global institutional-grade players, alongside follow-on support from Token Bay Capital, joins a Galaxy-led round that also includes Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. Soter Insure, a specialist insurer for the digital asset economy, announced that SC Ventures, the innovation and ventures arm of...

SC Ventures and SBI back Soter's digital asset insurance push

Soter Insure has secured strategic backing from Standard Chartered‘s SC Ventures and Japan’s SBI Group, strengthening its relationships with established financial institutions as it looks to expand insurance protection for the digital asset sector. The two groups have joined the second close of Soter’s Galaxy-led Series B funding round, alongside Token Bay Capital, which has backed the insurer since its Series A. They join existing investors Coi…