Standard Chartered and SBI Back Crypto Insurer Soter as Funding Reaches $23.5 Million

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Crypto insurance firm Soter has raised $23.5 million in new funding, with backing from Standard Chartered and SBI. The company also received 500 BTC and 2,000 ETH, which together are valued at about $43 million at current prices. The article provided is brief, so further details on the investment terms, timing, or Soter's specific plans are not available here. The round signals continued interest from traditional financial institutions in crypto-focused risk and insurance services.

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