Standard Chartered and SBI Back Crypto Insurer Soter as Funding Hits $23.5 Million
Key Highlights Abu Dhabi-based digital asset insurer Soter offers direct balance-sheet coverage of up to $5 million, 200 BTC, or 2,000 ETH for crypto losses. The firm holds regulatory approvals from both Bermuda and Dubai, maintaining dedicated cold-storage reserves with regulated custodians to settle claims in-kind. Market demand and pricing for crime-related insurance are hardening ...