Soter Insure raises Series B investment from SC Ventures, SBI Group

Digital asset insurance platform Soter Insure has secured strategic investment from major traditional financial institutions including SC Ventures, a fintech and venture investment arm of Standard Chartered, and Japan’s SBI Group, according to an announcement by Soter Insure on Nov. 5. Existing investor Token Bay Capital also made a follow-on investment. The Series B round was previously led by Galaxy Digital and included participation from Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. The total amount raised was not disclosed.