UAE's Soter Insure Expands Funding Round with Strategic Investors

• Soter Insure, a UAE-based company specializing in insurance technology, has secured additional investment in a Series B funding round, with participation from SC Ventures, the innovation and investment arm of Standard Chartered Bank, and Japan's SBI Group, along with additional investment from existing investor Token Bay Capital. The amount raised during the second closing of the round has not been disclosed.
• This investment extends a Series B funding round led by Galaxy, which announced its first closing in July 2026, with participation from Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital.
• The company was founded by Henson Orser in 2024 and has been incubated by Further Ventures and WebN Group. Soter Insure is headquartered in Abu Dhabi, operates insurance activities in Bermuda, and has offices in London, New York, and Dubai. It provides specialized insurance solutions for financial institutions operating in the digital asset sector, including coverage for risks associated with losses from cyberattacks, crimes, professional liability, and smart contract failures.
• The company will use the new funding to enhance its capacity to provide insurance coverage, strengthen its underwriting and technology capabilities, and expand into markets in Asia-Pacific, Europe, and the United States, including through its presence in Hong Kong.

Press Release:

Soter Insure, a company specializing in providing insurance solutions for the digital asset sector, announced the addition of SC Ventures, the innovation and investment arm of Standard Chartered Bank, and Japan's SBI Group to its Series B funding round as strategic investors, as part of the round led by Galaxy.

The second closing of the round included additional investment from Token Bay Capital, which has supported the company since its Series A funding round. New investors join Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, who participated in the first closing of the round announced in July 2026.

The ability to provide insurance coverage remains one of the significant gaps facing banks and asset management firms looking to enter the digital asset sector. Without this coverage, institutions cannot apply the same risk management standards they use in other asset classes.

The participation of two global financial groups active in the digital asset sector reflects a growing recognition of the importance of providing specialized insurance coverage as a prerequisite for expanding financial institutions' participation in this sector.

Soter Insure will use the proceeds from the funding to increase its capacity to provide insurance coverage, enhance its underwriting and technology capabilities, and expand into advanced and emerging digital asset markets, including the Asia-Pacific region through its presence in Hong Kong, as well as Europe and the United States.

Henson Orser, founder and CEO of Soter Insure, stated:

"Banks cannot expand their activities in the digital asset sector without the risk protection mechanisms they rely on in all their business areas, and this protection remains limited in availability today.

With SC Ventures and SBI Group joining Galaxy, Coinbase Ventures, and Franklin Templeton, we now have investors from both the traditional financial sector and the digital asset sector working towards a common goal of providing insurance capabilities at a scale that meets the needs of financial institutions.

The presence of our strategic investors now extends to most markets and networks leading the adoption of digital assets. We are grateful to Token Bay Capital for renewing its investment in us and to Galaxy for leading the funding round."

Herve Francois, investment officer at SC Ventures' digital asset fund, commented:

"Insurance is a critical element in the digital asset ecosystem, even though it often does not receive enough attention.

Our investment reflects our conviction that Soter is well-positioned to build a regulated insurance platform capable of scaling to meet the needs of financial institutions and support the continued evolution of the sector globally."

Yangte Kim, representative of SBI Group in the UAE, added:

"As the adoption of digital assets continues to expand, we believe that developing robust insurance solutions will become an increasingly important part of this ecosystem.

Soter combines deep expertise in regulatory, digital asset, and traditional insurance fields, enabling it to meet this important market need.

Through our investment, SBI Group looks forward to supporting Soter's growth and contributing to the continued development of a global digital asset ecosystem that is better equipped to face risks.

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