The strategic investment from two global institutional-grade players, alongside follow-on support from Token Bay Capital, joins a Galaxy-led round that also includes Coinbase Ventures, Franklin Templeton and Brevan Howard Digital.
ABU DHABI, UAE, Nov. 5, 2026 /PRNewswire/ — Soter Insure, a specialist insurer for the digital asset economy, today announced that SC Ventures, the innovation and ventures arm of Standard Chartered, and Japanese financial group SBI Group have joined its Series B as strategic investors, adding to the round led by Galaxy.
This second close also includes follow-on investment from Token Bay Capital, a Soter backer since its Series A. The new investors join Coinbase Ventures, Franklin Templeton and Brevan Howard Digital, which participated in the first close announced in July 2026.
Insurance capacity remains one of the main missing pieces for banks and asset managers entering digital assets. Without it, institutions cannot apply the same risk standards they use for every other asset class. The backing of two global financial groups that are active in digital assets reflects a growing recognition that specialized coverage is a prerequisite for institutional participation.
Soter Insure will use the proceeds to increase its insurance capacity, deepen its underwriting and technology capabilities, and expand into mature and emerging digital asset markets, including Asia-Pacific through its Hong Kong presence, Europe and the US.
“Banks can’t scale in digital assets without the risk protection they rely on everywhere else, and today that protection is still scarce,” said Henson Orser, Founder and CEO of Soter Insure. “With SC Ventures and SBI Group joining Galaxy, Coinbase Ventures and Franklin Templeton, we now have traditional finance and digital asset natives behind the same goal: insurance capacity at institutional scale. Our strategic investors now span most of the jurisdictions and networks at the forefront of digital asset adoption. We’re grateful to Token Bay Capital for backing us again, and to Galaxy for leading the round.”
Herve Francois, Principal, Digital Assets Fund, SC Ventures, said: “Insurance is a critical but often overlooked part of the digital assets ecosystem. Our investment reflects our belief that Soter is uniquely positioned to build a regulated insurance platform that can scale to meet institutional needs and support the industry’s continued development globally.”
Yangte Kim, Representative in the UAE of SBI Group, added: “As digital assets continue to gain broader adoption, we believe the development of robust insurance solutions will be an increasingly important part of the ecosystem. Soter brings together deep expertise across regulation, digital assets and traditional insurance to address this important market need. Through our investment, SBI Group looks forward to supporting Soter’s growth and contributing to the continued development of a more resilient global digital asset ecosystem.”
For more information about Soter Insure, visit soter.insure.
About Soter Insure
Headquartered in Abu Dhabi and operating out of Bermuda, with offices in London, New York and Dubai, Soter Insure was incubated by Further Ventures and WebN Group. The company offers specialized digital asset insurance products for financial institutions, including Directors & Officers (D&O), Professional Indemnity (PI), Crime, Specie, Slashing and Smart Contract Failure coverage, uniquely denominated in both fiat and native digital assets.
About SC Ventures
SC Ventures is Standard Chartered’s innovation, fintech investment and venture-building platform. Since 2018, it has built, operated and scaled ventures, and made minority investments, deploying more than $1 billion across 30+ portfolio companies globally. It builds, invests in and partners with ventures shaping the future of financial services across digital banking, digital assets, SME growth, financial inclusion, trade and cross-border infrastructure. In the Middle East, SC Ventures has grown from 2 ventures to 10 in two years across the UAE and Saudi Arabia, with Egypt next on the roadmap, supporting regional growth through disciplined venture building, strategic partnerships and regulated innovation aligned with national economic visions.
About SBI Group
Founded in 1999, the SBI Group is a comprehensive internet financial group and a pioneer of internet-based financial services in Japan. The Group operates a Financial Services Business centered on securities, banking, and insurance, providing highly convenient products and services at competitive prices through the internet. In addition, the SBI Group operates Asset Management Business, PE Investment Business, Crypto-asset Business, and Next Gen Business on a global scale.
About Token Bay Capital
Token Bay Capital is a venture capital firm investing in digital asset and blockchain infrastructure. Founded in Hong Kong in 2021 and now headquartered in Abu Dhabi Global Market (ADGM), Token Bay Capital Limited is authorized and regulated by the Financial Services Regulatory Authority (FSRA) as a Venture Capital Fund Manager. It backs early-stage companies building the infrastructure institutions need to use digital assets: custody, trading, payments, on-chain finance and tokenization.
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