Key Takeaways
- • Soter Insure closed the first tranche of its Series B funding round at $23.5 million, led by Galaxy Digital, which also led the company's Series A investment, signaling strong confidence from repeat institutional backers in the digital asset insurance space.
- • Galaxy Digital was joined by new institutional investors Coinbase Ventures and Franklin Templeton, alongside continued support from existing backer Brevan Howard Digital, demonstrating widening appetite among established financial institutions for crypto-native risk solutions.
- • The completed Series B first close brings Soter Insure's total funding to Dh86.3m ($23.5 million equivalent) plus over 500 Bitcoin and 2,000 Ethereum in native digital assets, reflecting a hybrid capital structure aligned with the company's core market.
- • A second close is expected in the coming weeks with additional strategic investors, with the full Series B round targeting capital deployment toward underwriting capabilities, technology infrastructure, and geographic expansion across core markets.
- • Soter Insure provides specialized insurance coverage for digital asset financial institutions, including crime, professional indemnity, smart contract failure, and Ethereum-denominated slashing insurance (launched March 2026), and operates from headquarters in Abu Dhabi with offices in Bermuda, London, New York, and Dubai.
Summary
Soter Insure, a specialized insurance provider for the digital asset economy, has completed the first close of its Series B funding round, attracting $23.5 million led by Galaxy Digital Holdings. The funding announcement, made July 29, 2026, reflects accelerating institutional capital deployment into crypto-native risk solutions as the digital asset sector matures and demands sophisticated insurance infrastructure.
Galaxy Digital, which led Soter's Series A round, reinforced its conviction in the company's market position and team execution. Galaxy President and Chief Investment Officer Chris Ferraro stated: "We are proud to lead this round again, and our continued investment reflects the strength of the team and the growing importance of specialised risk solutions for this asset class." The presence of new institutional investors—Coinbase Ventures and Franklin Templeton—alongside continued backing from Brevan Howard Digital indicates broadening institutional recognition of digital asset insurance as a critical market infrastructure.
The funding structure combines both traditional fiat capital and native digital assets. Upon completion of the anticipated second close, Soter Insure's total funding will reach Dh86.3 million alongside holdings of more than 500 Bitcoin and 2,000 Ethereum, demonstrating investor confidence in both the company's business model and alignment with digital asset valuations. Founder and CEO Henson Orser emphasized the capital will "accelerate our product road map, expand capacity and extend our global footprint," with a second close expected in the coming weeks as additional strategic investors confirm participation.
Soter Insure, headquartered in Abu Dhabi and incubated by Further Ventures and WebN Group, operates from Bermuda with additional offices in London, New York, and Dubai. The company provides comprehensive insurance products for financial institutions active in digital assets, including coverage for crime, directors and officers liability, professional indemnity, slashing, smart contract failure, and specie—with policies available in both fiat currency and native digital assets. In May 2026, Soter received full authorization from the Dubai Financial Services Authority under a Category 4 licence for insurance intermediation, strengthening its regulatory standing in a key emerging market.
Galaxy Digital, which led Soter's Series A round, reinforced its conviction in the company's market position and team execution. Galaxy President and Chief Investment Officer Chris Ferraro stated: "We are proud to lead this round again, and our continued investment reflects the strength of the team and the growing importance of specialised risk solutions for this asset class." The presence of new institutional investors—Coinbase Ventures and Franklin Templeton—alongside continued backing from Brevan Howard Digital indicates broadening institutional recognition of digital asset insurance as a critical market infrastructure.
The funding structure combines both traditional fiat capital and native digital assets. Upon completion of the anticipated second close, Soter Insure's total funding will reach Dh86.3 million alongside holdings of more than 500 Bitcoin and 2,000 Ethereum, demonstrating investor confidence in both the company's business model and alignment with digital asset valuations. Founder and CEO Henson Orser emphasized the capital will "accelerate our product road map, expand capacity and extend our global footprint," with a second close expected in the coming weeks as additional strategic investors confirm participation.
Soter Insure, headquartered in Abu Dhabi and incubated by Further Ventures and WebN Group, operates from Bermuda with additional offices in London, New York, and Dubai. The company provides comprehensive insurance products for financial institutions active in digital assets, including coverage for crime, directors and officers liability, professional indemnity, slashing, smart contract failure, and specie—with policies available in both fiat currency and native digital assets. In May 2026, Soter received full authorization from the Dubai Financial Services Authority under a Category 4 licence for insurance intermediation, strengthening its regulatory standing in a key emerging market.
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