CryptoMedium•5 November 2026•
1 min read
Standard Chartered and SBI Back Soter in $23.5 Million Funding Round
Key Facts
1Standard Chartered's investment arm and SBI Group participated in a funding round for digital asset insurer Soter.
2Total funding raised by Soter reached $23.5 million to support crypto insurance services.
Standard Chartered's investment arm and SBI Group participated in a funding round for digital asset insurer Soter. CoinDesk reported that the total funding raised by Soter reached $23.5 million to support crypto insurance services and infrastructure.
The investment aims to address security and risk management needs within the digital asset industry through institutional backing. Regarding market performance, SCBFY closed at $58.5 on November 4, 2026, after reaching a day high of $58.55 and a low of $57.45 during the session.