Soter Insure has closed the first tranche of its Series B round, with Galaxy Digital leading the financing. The Abu Dhabi-based company is focused on digital asset insurance, and the new capital points to rising investor interest in services built for crypto market risk.
According to the available details, Soter Insure is raising $23.5 million along with crypto reserves. The company plans to use the funding to broaden its coverage across key problem areas in the sector, including smart contract failures and validator slashing.
The raise highlights a part of the crypto industry that has gained importance as digital assets and blockchain infrastructure become more widely used. Insurance products tailored to technical and operational risks could help reduce uncertainty for platforms, participants and institutions operating in the space.
With Galaxy Digital backing the first tranche, the deal also signals growing confidence in digital asset insurance as a business category. If that trend continues, added funding could support product development and wider market adoption for specialized crypto coverage.
