Soter Insure receives full authorization from DFSA to offer digital asset insurance
Soter Insure, which offers institutional-grade insurance for the digital asset has received full authorization from the Dubai Financial Services Authority (DFSA) as a Category 4 license for insurance intermediation.
The license allows Soter’s DIFC-based entity to undertake insurance intermediation business from the Dubai International Financial Centre (DIFC), giving the company a regulated on-the-ground presence.
As per the press release, Soter will engage directly with institutional clients across the MENA region, placing cover and reinsurance of local risk onto Soter’s Bermuda-regulated carrier paper. The new license positions the company to capitalize on the increasing demand for sophisticated and specialized financial offerings across the DIFC, GCC and wider MENA markets.
Selected policies can be denominated natively in Bitcoin (BTC) and Ether (ETH), addressing the asset-liability mismatch that institutional participants face when insuring digital assets in fiat terms and ensuring that indemnity remains aligned with the currency of the underlying exposure.
Henson Orser, Founder and CEO of Soter Insure stated, “Dubai is the gateway to the Middle East for digital assets, and this license is a strategic enabler that allows us to deliver our products to a rapidly expanding client base. This regulatory milestone reinforces our commitment to supporting the region’s economic diversification and financial stability”.
The DFSA authorization completes Soter’s end-to-end regulated architecture for institutional digital asset insurance. Soter’s Bermuda operating entity, which holds a full Class IIGB license from the Bermuda Monetary Authority, provides the underwriting capacity that sits behind Soter’s policies, while the new DFSA Category 4 license establishes a regulated intermediation entity in the DIFC. Together, the two licenses enable coordinated placement of institutional digital asset risk across major jurisdictions and support the global client base Soter serves.
The DFSA authorization also complements Soter’s existing commercial footprint in the UAE, including the company’s partnership with Dubai Insurance P.S.C. to deliver fiat, Bitcoin- and Ether-denominated policies to the UAE’s digital asset ecosystem.
Lucian Crisan, Director of Operations and Regulatory Affairs added: “The DFSA’s robust regulatory environment gives our partners and clients the confidence they need to engage with us for critical risk transfer services. We look forward to contributing to the DIFC ecosystem and building long-term, valuable relationships that drive sustainable growth in this dynamic region.”
