SC Ventures and SBI Back Soter Insure Series B
Key Summary
Digital asset insurer Soter Insure secured strategic capital from SC Ventures and SBI Group during the second close of its Series B funding round. The financing builds upon an initial tranche led by Galaxy, with continued backing from Token Bay Capital. Corporate filings confirm the underwriting specialist intends to deploy the fresh capital toward expanding regulatory licenses and reserve pools across Hong Kong, London, and the United States.
Key Bullets
- Standard Chartered venture arm SC Ventures and Japanese financial group SBI Group joined the Series B funding round for Soter Insure.
- Token Bay Capital provided follow-on capital to support the digital asset insurer alongside previous investors Coinbase Ventures and Franklin Templeton.
- Soter Insure maintains headquarters in Abu Dhabi while operating licensed entities out of Bermuda and regional hubs in London, New York, and Dubai.
- The firm offers specialized corporate coverage including Directors and Officers policies, Crime protection, and Smart Contract Failure insurance denominated in digital tokens.
Institutional Backers Join Series B
SC Ventures and SBI Group secured equity stakes in digital asset insurer Soter Insure Tuesday, expanding a Series B funding round originally led by Galaxy. Public corporate disclosures released from Abu Dhabi confirm that Token Bay Capital also executed a follow-on allocation.
The new capital additions sit alongside existing early investors Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. Traditional banking institutions continue demanding specialized balance sheet protections before scaling proprietary crypto asset allocations.
Insurance capacity remains scarce. Risk desks need coverage.
Underwriting Capacity and Global Expansion
Soter Insure management plans to allocate the fresh capital directly toward scaling global underwriting capacity. Regulatory compliance teams will target key financial jurisdictions spanning the Asia-Pacific region via Hong Kong, alongside established desks in Europe and the United States.
The firm provides commercial coverage products tailored specifically for institutional custody providers, tokenization platforms, and asset managers. Policies include Directors and Officers liability, Crime indemnification, and Slashing protection.
Coverage terms are denominated in fiat currency and native digital assets. Capital deployment begins immediately.
Investor Profiles Across Global Jurisdictions
Standard Chartered launched SC Ventures in 2018 as an internal innovation vehicle that has deployed over $1.00B across 30 portfolio entities globally. The division operates 10 distinct ventures across the United Arab Emirates and Saudi Arabia.
SBI Group acts as a primary internet financial conglomerate in Japan spanning retail securities, commercial banking, and crypto asset operations. Token Bay Capital maintains a venture license issued by the Financial Services Regulatory Authority inside the Abu Dhabi Global Market.
Regulatory oversight governs every participating fund. Portfolio scaling accelerates.
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