Soter Insure Series B Funding Round Attracts SC Ventures and SBI Group

Soter Insure Series B funding reached its second close on November 5, 2026. The Abu Dhabi-headquartered insurer, which operates from Bermuda with offices in London, New York, Dubai, and Hong Kong, secured strategic investments from SC Ventures and SBI Group alongside follow-on capital from Token Bay Capital.

The round was led by Galaxy, which also headed the first close in July 2026. Additional participants included Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. Total proceeds amount to roughly $23.5 million in fiat currency plus more than 500 BTC and 2,000 ETH, valued at approximately $43 million at the time, bringing the equivalent total near $66 million.

Soter Insure Series B Funding Expands Digital Asset Coverage

Soter Insure specializes in policies for financial institutions that hold or manage digital assets. Coverage includes Directors and Officers liability, Professional Indemnity, Crime, Specie, Slashing, and Smart Contract Failure. Policies can be denominated in fiat currency or in BTC and ETH, with claims paid in the same form as the premium received.

The company maintains capacity to underwrite losses up to $5 million, 200 BTC, or 2,000 ETH from its own balance sheet. This structure allows institutions to obtain protection without converting holdings into traditional currency before purchasing coverage. Proceeds from the Series B round will increase overall capacity, strengthen underwriting and technology systems, and support expansion in the Asia-Pacific region through the Hong Kong office as well as in Europe and the United States.

SC Ventures and SBI Group join a roster that already features established crypto and traditional finance backers. Their participation signals continued institutional interest in risk management tools tailored to blockchain and digital asset operations. The funding arrives as banks and asset managers increase allocations to cryptocurrencies and require corresponding theft and operational protections.

Company Background and Market Context

Soter Insure was incubated by Further Ventures and WebN Group. It completed a Series A round led by Galaxy in February 2025 and received Category 4 insurance intermediation authorization from the Dubai Financial Services Authority earlier in 2026. The firm focuses exclusively on the digital asset economy rather than offering general commercial lines.

CEO Henson Orser has stated that scalable risk protection is required for broader institutional adoption of digital assets. Representatives from the new investors echoed this view, noting that specialized insurance solutions address a gap for banks and other entities entering the sector. No further closes or specific timelines for additional capital raises have been announced.

The round reflects broader market demand for coverage against theft, smart-contract failures, and slashing events on proof-of-stake networks. Existing capacity limits and the mix of fiat and native-crypto policy options differentiate Soter from traditional carriers that have been slower to enter this segment.