{"url":"https://newsforagent.com/news/2026-11-05/sc-ventures-sbi-soter-insure-series-b","markdown_url":"https://newsforagent.com/news/2026-11-05/sc-ventures-sbi-soter-insure-series-b.md","title":"SC Ventures and SBI Join Soter Insure Series B","headline":"SC Ventures and SBI Group Join Soter Insure's Galaxy-Led Series B","description":"SC Ventures and SBI Group joined Soter Insure's Galaxy-led Series B as strategic investors, with Token Bay Capital adding follow-on funding.","section":"Funding","published_at":"2026-11-05T07:19:32+00:00","modified_at":"2026-11-05T07:19:32+00:00","author":"News Desk","key_takeaways":["SC Ventures and SBI Group joined Soter Insure's Series B as strategic investors in a second close.","Galaxy led the round, which also includes Coinbase Ventures, Franklin Templeton and Brevan Howard Digital.","Token Bay Capital, a Soter backer since its Series A, made a follow-on investment."],"companies":[{"name":"SC Ventures","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0002jce/sc-ventures","website":"http://scventures.io"},{"name":"Franklin Templeton","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000000m/franklin-templeton","website":"http://www.franklintempleton.com"},{"name":"Token Bay Capital","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0008tv3/token-bay-capital","website":"https://tokenbaycapital.com"}],"source":{"publisher":"PR Newswire","title":"SC Ventures and SBI Join Soter Insure's Series B Alongside Follow-On from Token Bay Capital","url":"https://www.prnewswire.com/news-releases/sc-ventures-and-sbi-join-soter-insures-series-b-alongside-follow-on-from-token-bay-capital-302930335.html"},"other_sources":[],"tags":["Funding","SC Ventures","Franklin Templeton","Token Bay Capital"],"body_markdown":"SC Ventures, the innovation and ventures arm of Standard Chartered, and Japanese financial group SBI Group have joined Soter Insure's Series B as strategic investors, adding to the round led by Galaxy. The second close also includes follow-on investment from [Token Bay Capital](https://akta.pro/company-profiles/0008tv3/token-bay-capital), a Soter backer since its Series A, [PR Newswire](https://www.prnewswire.com/news-releases/sc-ventures-and-sbi-join-soter-insures-series-b-alongside-follow-on-from-token-bay-capital-302930335.html) reported on November 5, 2026.\n\n## SC Ventures and SBI Join the Galaxy-Led Round\n\nThe new investors join Coinbase Ventures, [Franklin Templeton](https://akta.pro/company-profiles/000000m/franklin-templeton) and Brevan Howard Digital, which participated in the first close announced in July 2026. Soter Insure said it will use the proceeds to increase its insurance capacity, deepen its underwriting and technology capabilities, and expand into mature and emerging digital asset markets, including Asia-Pacific through its Hong Kong presence, Europe and the US.\n\n\"Banks can't scale in digital assets without the risk protection they rely on everywhere else, and today that protection is still scarce,\" said Henson Orser, Founder and CEO of Soter Insure. \"With SC Ventures and SBI Group joining Galaxy, Coinbase Ventures and Franklin Templeton, we now have traditional finance and digital asset natives behind the same goal: insurance capacity at institutional scale.\"\n\nHerve Francois, Principal, Digital Assets Fund, SC Ventures, said: \"Insurance is a critical but often overlooked part of the digital assets ecosystem. Our investment reflects our belief that Soter is uniquely positioned to build a regulated insurance platform that can scale to meet institutional needs and support the industry's continued development globally.\"\n\nYangte Kim, Representative in the UAE of SBI Group, said: \"As digital assets continue to gain broader adoption, we believe the development of robust insurance solutions will be an increasingly important part of the ecosystem.\"\n\n## SC Ventures' Digital Asset Investment Record\n\n[SC Ventures](https://akta.pro/company-profiles/0002jce/sc-ventures) has made other digital asset investments, according to akta.pro [company records](https://akta.pro/company-data). In May 2026 it made a strategic investment in crypto trading firm GSR at a valuation of over $1 billion, becoming GSR's first external shareholder. The same records show a $100 million Global Digital Asset Holdings fund for digital asset ecosystem development.\n\n## Earlier SC Ventures Deals in Digital Assets\n\nIn July 2026, Digital Asset expanded its funding round to $365 million after securing an additional $10 million investment from Shinhan Financial Group and SC Ventures, maintaining a $2 billion equity valuation, CoinMarketCap reported. In May 2026, SC Ventures made a strategic investment in GSR, its first external shareholder since 2013, The Fintech Times reported. In October 2026, SC Ventures operating member Harald Eltvedt discussed the firm's focus on digital asset custody, trading and tokenization, and its investment in OKX at a $25 billion valuation, ChainCatcher reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}