BREAKING NEWS 🚨
Standard Chartered and SBI have joined forces to back crypto insurer Soter, pushing its funding round to $23.5 million 🚀.
The round also includes 500 BTC and 2,000 ETH, valued at about $43 million at current prices, bringing total capital to roughly $66.5 million. The backing signals growing institutional confidence in crypto‑insurance solutions as major banks seek theft‑protection products for digital assets. Soter aims to offer coverage against hacks, fraud and operational failures, filling a gap in the market. Analysts predict the influx of traditional finance capital could accelerate product rollout and regulatory engagement.
The partnership positions Soter as a frontrunner in the emerging crypto‑insurance space 🔒.
$SOXSB, $APPB, $ARIA
Standard Chartered and SBI have joined forces to back crypto insurer Soter, pushing its funding round to $23.5 million 🚀.
The round also includes 500 BTC and 2,000 ETH, valued at about $43 million at current prices, bringing total capital to roughly $66.5 million. The backing signals growing institutional confidence in crypto‑insurance solutions as major banks seek theft‑protection products for digital assets. Soter aims to offer coverage against hacks, fraud and operational failures, filling a gap in the market. Analysts predict the influx of traditional finance capital could accelerate product rollout and regulatory engagement.
The partnership positions Soter as a frontrunner in the emerging crypto‑insurance space 🔒.
$SOXSB, $APPB, $ARIA
