Bank & market adoption
StanChart's SC Ventures and SBI join Soter Insure Series B
Middle EastSource: Soter Insure
- Abu Dhabi-based Soter Insure said on 5 November 2026 that SC Ventures, Standard Chartered's innovation and ventures arm, and Japan's SBI Group have joined its Series B as strategic investors, alongside a follow-on from Token Bay Capital, in a Galaxy-led round that also includes Coinbase Ventures, Franklin Templeton and Brevan Howard Digital from the first close announced in July 2026.
- Soter said it will use the proceeds to increase insurance capacity, deepen underwriting and technology, and expand in Asia-Pacific through its Hong Kong presence, Europe and the US.
- The firm offers digital asset insurance for financial institutions, including D&O, professional indemnity, crime, specie, slashing and smart contract failure cover, denominated in fiat and native digital assets.
Why it matters
Banks building digital-asset businesses gain another regulated insurance capacity signal as Standard Chartered's venture arm and SBI back a specialist insurer that frames cover as a prerequisite for institutional participation.
Read the original: Soter Insure ↗
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More detail
Who is affected
Banks and asset managers seeking specialised digital-asset insurance, and Standard Chartered and SBI Group as strategic investors via SC Ventures and SBI.
Key dates
- SC Ventures and SBI join Soter Series B second close
What remains uncertain
- The release does not state the dollar size of the second close or of each investor's commitment
- First close is dated only as July 2026 in this release
Key facts
- Event
- Funding / investment
- Jurisdiction
- Middle East
- Source
- Soter Insure
- Source tier
- Tier 2 · Bank / FMI
- Product
- Custody & trading
In the database
Institutions
How we verified this
The source says
“Soter Insure, a specialist insurer for the digital asset economy, today announced that SC Ventures, the innovation and ventures arm of Standard Chartered, and Japanese financial group SBI Group have joined its Series B as strategic investors, adding to the round led by Galaxy.”
Verbatim from Soter Insure, matched word for word against the live page on 6 November 2026.
Sources
- Official institutionalSoter Insure ↗2026-11-05T2Bank / FMI
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-11-06 17:15 UTC
- Archived snapshot
- SHA-256
56d7979007504282…· fetched 2026-11-06 · Wayback Machine copy ↗ - Source type
- Official institutional Soter Insure ↗
Change log (1)
- 2026-11-06 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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