Soter Insure Adds SC Ventures, SBI Group to Galaxy-Led Series B

Soter Insure, an Abu Dhabi-headquartered insurtech that writes coverage for financial institutions active in digital assets, has taken additional Series B funding from SC Ventures and SBI Group. Both enter as strategic investors. The amount raised in the second close was not disclosed.

SC Ventures is the venture arm of Standard Chartered. SBI Group is a Japanese financial group. Token Bay Capital, which has held a stake in Soter since its Series A, provided follow-on funding in the same close.

The new money extends a round led by Galaxy. That first close was announced in July 2026 and drew participation from Coinbase Ventures, Franklin Templeton and Brevan Howard Digital.

What the company underwrites

Soter was founded by Henson Orser, who serves as CEO, and was incubated by Further Ventures and WebN Group. Its insurance operations are based in Bermuda, and it keeps offices in London, New York and Dubai alongside its Abu Dhabi headquarters. The policies it writes cover cyber-related losses, crime, professional liability and smart contract failures.

The company will direct the capital toward increasing insurance capacity and strengthening its underwriting and technology capabilities. It also plans to expand into Asia-Pacific, Europe and the United States, with part of the Asia-Pacific push running through a Hong Kong presence.

The constraint Orser points to

Orser framed the raise around a gap he says banks keep hitting. Lenders cannot scale in digital assets, in his account, without the risk protection they rely on in other markets, and that protection remains scarce today. He described SC Ventures and SBI Group as joining Galaxy, Coinbase Ventures and Franklin Templeton behind insurance capacity at institutional scale, and said the strategic investor base spans numerous jurisdictions and networks at the forefront of digital asset adoption. He thanked Token Bay Capital for backing the company again and Galaxy for leading the round.

Herve Francois, a principal in SC Ventures' Digital Assets Fund, said insurance is a critical part of the digital assets ecosystem that is often overlooked. The investment, he said, reflects a belief that Soter Insure is uniquely positioned to build a regulated insurance platform able to scale for institutional needs.

Yangte Kim, SBI Group's representative in the UAE, said insurance solutions will become increasingly important as digital assets gain broader adoption. He said Soter Insure combines expertise across regulation, digital assets and traditional insurance, and that SBI Group looks forward to supporting its growth and a more resilient global digital asset ecosystem.

How Soter reads the backing

Soter's own account is that insurance capacity is one of the main missing pieces for banks and asset managers entering digital assets. Without it, the company argues, institutions cannot apply the same risk standards they use for other asset classes. Backing from two global financial groups active in digital assets, it says, reflects recognition that specialised coverage is a prerequisite for institutional participation.

The investor mix says something about where the bottleneck sits. A bank's venture arm, a Japanese financial conglomerate and a crypto-native fund are not paying for software. They are paying for underwriting capacity, the balance-sheet side of insurance that takes years to assemble and depends on holding licences in the right jurisdictions. Bermuda is a common domicile for specialty insurance; Hong Kong gives the company a regulated foothold for writing Asian risk. Soter is betting that whoever assembles that capacity first sets the terms on which banks can hold digital assets at all.