Soter Insure Secures Series B Funding from SC Ventures and SBI Group

Soter Insure, a digital asset insurance company, announced that SC Ventures, a subsidiary of Standard Chartered, and Japan's SBI Group participated in its Series B funding round, with existing investor Token Bay Capital also increasing its investment. Galaxy led this round of financing, with additional participation from Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, though the specific amount raised has not been disclosed. The new funds will be used to expand insurance underwriting capacity, enhance underwriting and technology infrastructure, and expand into markets in the Asia-Pacific, Europe, and the United States. Soter Insure provides digital asset-related insurance for financial institutions, covering areas such as crime losses, staking forfeitures, and smart contract failures, and supports valuation in both fiat currency and native digital assets.

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