soter

According to CoinDesk, SC Ventures, a subsidiary of Standard Chartered, has invested in the cryptocurrency insurer Soter Insure alongside Japan's SBI Group, joining a Series B funding round led by Galaxy. Based on the current prices of Bitcoin and Ethereum, the total amount raised in this round is approximately $66 million.Reports indicate that Soter has secured around $23 million in funding, along with over 500 BTC and 2,000 ETH. Previous investors include Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital.Soter provides insurance for cryptocurrency asset losses due to hacking, theft, and software failures, offering policies that pay out in BTC or ETH. The company plans to use the investment to expand its underwriting capacity and grow its business in Asia, Europe, and the United States.

According to PR Newswire, Soter Insure, a digital asset specialty insurance company based in Abu Dhabi, announced that SC Ventures, the innovation and venture capital arm of Standard Chartered Bank, and SBI Group, a Japanese financial group, have joined its Series B as strategic investors. Token Bay Capital has also made an additional investment, marking the second closing of this round, which is led by Galaxy.The new investors join Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, who participated in the first closing in July 2026.Soter Insure is incubated by Further Ventures and WebN Group, operates in Bermuda, and has offices in London, New York, and Dubai. Its products cover directors and officers liability, professional liability, crime, valuable items, confiscation, and smart contract failures, with policies priced in fiat currency or native digital assets.

Digital asset insurance provider Soter Insure announced the launch of Ethereum-denominated slashing insurance. This innovative insurance product was developed in collaboration with Galaxy Digital and provides critical security for Ethereum validators and institutional stakers. It addresses the core risk of slashed assets due to protocol violations by validators in Ethereum staking, with both premiums and claims denominated and settled in ETH. This solves the problem of insufficient coverage in traditional USD-denominated insurance when ETH prices rise, thereby eliminating the "currency mismatch risk."

Digital asset insurance provider Soter Insure announced the launch of Ethereum-denominated confiscation insurance, developed in collaboration with Galaxy Digital. This insurance primarily targets the core risk of validators in Ethereum staking being penalized for protocol violations, providing security for Ethereum validators and institutional stakers. The premiums and claims are both denominated and settled in ETH, addressing the issue of insufficient coverage in traditional USD-denominated insurance when ETH prices rise, thereby eliminating the "currency mismatch risk."

Bybit Alpha and Byreal have supported direct trading of the on-chain token $SOTER. Users can quickly trade by simply logging into Bybit Alpha, without the need to set up another wallet, and can track the market trends of popular tokens in real-time. Byreal is a DEX (decentralized exchange) built on Solana, which achieves stable trading execution and efficient liquidity provision experience through refined liquidity distribution and fast on-chain confirmation mechanisms.

ChainCatcher news, according to PR Newswire, digital asset insurance provider Soter Insure, incubated by Further Ventures and WebN Group, has completed a Series A funding round led by Galaxy, with participation from Brevan Howard Digital, Karatage, Token Bay, Pharsalus, and others. The specific investment amount has not been disclosed.Soter Insure primarily provides digital asset insurance products in the Web3 market for financial institutions, covering areas such as smart contract failures. The new funds will be used to expand the product range.