Soter Insure Series B Draws SC Ventures, SBI and Major Crypto Backers
Soter Insure has closed a Series B round led by Galaxy, with SC Ventures and SBI joining alongside Coinbase Ventures, Franklin Templeton and Brevan Howard Digital.
Abu Dhabi-based Soter Insure has secured a significant Series B funding round, attracting a roster of institutional investors spanning traditional finance and the digital asset sector. The round is led by Galaxy and includes follow-on participation from Token Bay Capital, signaling continued confidence in the firm's trajectory.
SC Ventures, the innovation and investment arm of Standard Chartered, and Japanese financial giant SBI have joined the round as new strategic backers. Their participation alongside established crypto-native investors underscores a broadening institutional appetite for insurance infrastructure built around digital assets.
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The round also counts Coinbase Ventures, Franklin Templeton and Brevan Howard Digital among its participants, assembling a rare mix of crypto-native venture capital, traditional asset managers and alternative investment firms under a single financing. Franklin Templeton and Brevan Howard Digital in particular represent the continued crossover of conventional finance into blockchain-adjacent sectors.
Soter Insure is positioned in the decentralized insurance space, and the caliber of its Series B investors reflects how risk and protection products for digital asset holders are drawing serious institutional scrutiny. The Abu Dhabi base also highlights the Gulf region's growing role as a hub for regulated crypto-related financial services.
The strategic weight of the new investors, combined with follow-on commitment from Token Bay Capital, suggests the company's existing backers remain bullish on its growth prospects. Continue reading at Cryptocurrency.
