TREE NEWS update: Digital-asset insurer Soter Insure has added Standard Chartered’s SC Ventures and Japan’s SBI Group as strategic investors in its Series B, with existing backer Token Bay Capital increasing its commitment. Galaxy led the round, which also included Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. Soter Insure will use the proceeds to expand underwriting capacity, deepen underwriting and technology, and accelerate growth in Asia-Pacific via its Hong Kong base, Europe and the US.
Soter Insure B round draws SC Ventures, SBI Group as strategic investors
AI take
The strategic participation of SC Ventures and SBI Group signals that established banking and brokerage groups see digital-asset insurance as infrastructure worth anchoring, not just a niche bet. The Asia-Pacific focus, routed through Hong Kong, matters for RWA and institutional crypto activity in the region, where underwriting capacity has been a constraint. Whether this capital translates into meaningfully broader coverage terms and capacity is the open question, and whether other bank-affiliated investors follow into the sector is worth watching.
Generated by AI for reference only.
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