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

NewsFeeds update

Abu Dhabi-based digital asset insurer Soter Insure said SC Ventures, Standard Chartered's innovation and venture arm, and Japan's SBI Group joined its Series B as strategic investors, with Token Bay Capital adding funds in the round's second close led by Galaxy.

StablecoinsChainCatcherAIBullish

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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