Soter Insure Adds SC Ventures, SBI to Series B
Standard Chartered's SC Ventures and Japan's SBI Group joined the digital-asset insurer's Series B round as strategic investors.
Updated on Nov. 5, 2026 in Financial Services
Digital-asset specialist insurer Soter Insure has added Standard Chartered's SC Ventures and Japan's SBI Group as strategic investors in its Series B funding round. Token Bay Capital contributed follow-on investment in the round's second close, while the total funding amount was not disclosed.
Why it matters
Strategic backing from a major bank-affiliated venture arm and a Japanese financial group signals institutional interest in insurance products for digital assets. Soter says the capital will go toward expanding its insurance capacity and underwriting technology.
The Series B funding amount was not disclosed, so no capital total can be reported. The round's first close was led by Galaxy with participation from Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital.
The players
Soter Insure
A specialist insurer focused on digital assets, incubated by Further Ventures and WebN Group and backed earlier by Token Bay Capital.
SC Ventures
The venture arm of Standard Chartered, the global banking group, which invests in financial technology companies.
SBI Group
A Japanese financial services conglomerate with interests in banking, securities, and insurance.
The details
Soter Insure, a specialist insurer focused on digital assets, is headquartered in Abu Dhabi and operates through its Bermuda-based carrier, Soter Insurance Limited. The company offers directors and officers, professional indemnity, crime, specie, slashing, and smart contract failure coverage, with policies that can be denominated in fiat currency or native digital assets.
Timeline
July 2026: Series B first close was announced, led by Galaxy.
November 5, 2026: SC Ventures and SBI joined the Series B as strategic investors.
Market Landscape
Traditional financial institutions have increasingly backed insurance and risk infrastructure for digital assets, as seen in the wider push by banks and asset managers into the sector. This round places Soter alongside major banking and asset-management investors as competition for digital-asset coverage grows.
For digital-asset holders, the expansion of specialist insurance could eventually offer more coverage options against losses from smart contract failures and crime. Coverage terms and pricing for individual users were not addressed in the announcement.
The takeaway
Institutional backing for digital-asset insurance suggests that risk coverage is becoming a more central part of the sector's infrastructure. Readers tracking the space should watch whether Soter discloses its round size and new coverage products.
Further reading
For more on how banks and investors are shaping the sector, see Financial Services.
