Galaxy Digital Leads Soter Insure's Series B Funding Round with $23.5 Million Target

Soter Insure, an Abu Dhabi-based insurtech company specializing in digital asset coverage, has completed the first tranche of its Series B funding round. Galaxy Digital led the investment, having also spearheaded Soter's Series A back in February 2025.

The round brought in notable new investors Coinbase Ventures and Franklin Templeton, joining existing backers Brevan Howard Digital and other returning investors. The total capital target for the series is $23.5 million in fiat, with more than 500 BTC and over 2,000 ETH expected by final closure.

Soter plans to use the funds to enhance its underwriting capabilities and expand its suite of risk-assessment technologies. Its product lineup already covers a range of scenarios, including asset loss, directors and officers (D&O) insurance, smart contract failures, and validator slashing events.