UAE Soter Insure Series B round joined by SBI Group and SC Ventures
UAE headquartered Soter Insure, a specialist insurer for the digital asset economy, incubated by UAE Further Ventures and WebN Group, has 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. The new investors join Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital who were first announced in July 2026 when Insure closed its Series B round.
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.”
The total funding now amounts to $23.5 million and over 500 BTC and 2000 ETH.
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.
He adds, “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, also noted, “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.”
