ABU DHABI – November 05, 2026 -- Soter Insure, a specialist insurer for the digital asset economy, has added SC Ventures, the ventures arm of Standard Chartered, and Japan's SBI Group as strategic investors in the second close of its Galaxy-led Series B.
Token Bay Capital, a Soter backer since the Series A, also made a follow-on investment. Coinbase Ventures, Franklin Templeton and Brevan Howard Digital joined the first close, announced in July 2026. The announcement did not disclose the round size.
Soter Insure targets more capacity, underwriting depth and three expansion regions
Proceeds will increase insurance capacity and deepen underwriting and technology capabilities. Soter plans to expand into mature and emerging digital asset markets, including Asia-Pacific through its Hong Kong presence, Europe and the US.
Insurance capacity remains one of the main gaps for banks and asset managers entering digital assets, according to the company. Without it, institutions cannot apply the risk standards they use for other asset classes.
Founder Orser says banks cannot scale without risk protection
"Banks can't scale in digital assets without the risk protection they rely on everywhere else," said Henson Orser, Founder and CEO of Soter Insure. He said the strategic investors now span most of the jurisdictions and networks at the forefront of digital asset adoption.
Herve Francois, Principal of the Digital Assets Fund at SC Ventures, said Soter is well placed to build a regulated insurance platform that scales to institutional needs. Yangte Kim, SBI Group's Representative in the UAE, said robust insurance solutions will become increasingly important to the ecosystem.
Soter sells six coverage lines denominated in fiat and native digital assets
The insurer is headquartered in Abu Dhabi and operates out of Bermuda, with offices in London, New York and Dubai. Its products for financial institutions cover Directors & Officers (D&O), Professional Indemnity (PI), Crime, Specie, Slashing and Smart Contract Failure. Coverage is denominated in both fiat and native digital assets.
SC Ventures has deployed more than $1 billion across 30+ portfolio companies since 2018. In the Middle East, it has grown from 2 ventures to 10 in two years across the UAE and Saudi Arabia, with Egypt next on its roadmap.