Digital asset insurer Soter Insure announced that SC Ventures, Standard Chartered's innovation and venture capital arm, and SBI Group, a Japanese financial group, participated as strategic investors in its Series B funding round. Existing investor Token Bay Capital also participated, with Galaxy having previously led the round. Other participants included Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. The specific amount raised was not disclosed. The new funds will be used to expand insurance underwriting capacity, strengthen underwriting and technology development, and expand into the Asia-Pacific, European, and US markets. Soter Insure provides digital asset-related insurance to financial institutions, covering losses from crime, foreclosures of pledged assets, and smart contract failures, and supports pricing in both fiat currency and native digital assets. https://www.(wublock123.com)/news/soter-insure-raises-strategic-investment-from-sc-ventures-sbi-group-71404