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Standard Chartered and SBI join Soter Insure's roughly $66m Series B

NewsFeeds update

SC Ventures, Standard Chartered's venture arm, and Japan's SBI Group have invested in crypto insurer Soter Insure's Series B, led by Galaxy and worth about $66m at current Bitcoin and ether prices. Soter received about $23m plus more than 500 BTC and 2,000 ETH, and insures crypto losses from hacks, theft and software failures.

BitcoinChainCatcherAIBullish

Read the original on ChainCatcher

The story so far: Soter Insure Series B funding

Soter Insure added Standard Chartered's SC Ventures and Japan's SBI Group as strategic investors in its Series B, with Token Bay Capital adding funds in the second close led by Galaxy. The round is worth about $66m at current Bitcoin and ether prices, with Soter receiving about $23m plus over 500 BTC and 2,000 ETH.

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  1. Soter Insure adds Standard Chartered's SC Ventures and SBI Group as strategic investors

  2. Standard Chartered and SBI join Soter Insure's roughly $66m Series B

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.