---
title: "SC Ventures and SBI Group Back Soter Insure in Series B Second Close"
description: "Standard Chartered's innovation arm and Japan's SBI Group join Galaxy in funding the digital asset specialist insurer."
url: https://basisdesk.news/news/sc-ventures-sbi-soter-insure-series-b
published: 2026-11-05T07:21:16.636Z
modified: 2026-11-05T07:21:16.636Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: []
tags: [insurance, funding, sc-ventures, sbi-group, galaxy]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# SC Ventures and SBI Group Back Soter Insure in Series B Second Close

Standard Chartered's innovation arm and Japan's SBI Group join Galaxy in funding the digital asset specialist insurer.

## At a glance

- **What happened:** SC Ventures and SBI Group participated as strategic investors in a Series B extension for crypto specialist Soter Insure on Nov. 5.
- **Why it matters:** The capital expands underwriting capacity and risk protections necessary for banks and asset managers to participate in digital assets.
- **Who is affected:** Soter Insure, institutional asset managers, and commercial banks operating in digital asset markets.
- **What's next:** Deployment of capital into insurance underwriting capacity and expansion across the US, Europe, and Asia-Pacific.
- **Status:** announced
- **Primary source:** [SC Ventures and SBI Join Soter Insure's Series B Alongside Follow-On from Token Bay Capital](https://www.prnewswire.com/news-releases/sc-ventures-and-sbi-join-soter-insures-series-b-alongside-follow-on-from-token-bay-capital-302930335.html) — PR Newswire

## Key points

- SC Ventures and SBI Group joined Soter Insure's Series B round alongside follow-on backer Token Bay Capital [1].
- Galaxy led the Series B, which earlier secured backing from Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital in July 2026 [1].
- Proceeds will support underwriting capacity, platform tech, and expansion across the US, Europe, and Asia-Pacific [1].

## Editorial remark

- **Context:** Mainstream institutions require balance-sheet and operational protections comparable to traditional markets before committing significant balance sheets to crypto.
- **Impact:** Expands commercial underwriting limits for banks and asset managers requiring D&O, smart contract, and slashing protections.
- **Watch:** Soter Insure's execution on regional expansion across the US, Europe, and its Hong Kong base in Asia-Pacific.

Digital asset insurer Soter Insure announced on Nov. 5 that SC Ventures and Japan's SBI Group joined its Series B round as strategic backers [1]. The investment serves as a second close for the fundraising, which was led by Galaxy and included follow-on participation from Token Bay Capital [1]. They join earlier Series B investors Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, who joined during the initial close in July 2026 [1].

Soter Insure operates out of Bermuda with headquarters in Abu Dhabi, offering institutional coverage including crime, specie, professional indemnity, directors and officers, staking slashing, and smart contract failure policies denominated in both fiat currencies and digital assets [1]. The company stated that the capital will be deployed to expand its underwriting capacity, enhance its technology stack, and support international growth across Europe, the US, and the Asia-Pacific region via its Hong Kong presence [1].

## Institutional Risk Capacity

Traditional financial institutions have faced structural hurdles in entering digital assets due to constrained underwriting capacity in commercial insurance markets [1]. Henson Orser, founder and chief executive officer of Soter Insure, said that banks and asset managers cannot scale activity without standard protections, noting that institutional-grade coverage remains scarce [1]. The strategic alliance bridges banking networks and native digital asset infrastructure across multiple regulatory jurisdictions, reflecting continued demand for institutional market architecture [1].

## Sources

1. [SC Ventures and SBI Join Soter Insure's Series B Alongside Follow-On from Token Bay Capital](https://www.prnewswire.com/news-releases/sc-ventures-and-sbi-join-soter-insures-series-b-alongside-follow-on-from-token-bay-capital-302930335.html) — PR Newswire, 2026-11-05

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai