Soter
Founded 2024 · 14 employees on LinkedIn · 12 known investors
Find your way into Soter
1,619 people in our graph share verified history with the Soter team — schools, employers, funds. One of them is your warm intro.
Soter offers insurance products for companies operating in digital assets and blockchain, including directors and officers, professional indemnity, technology PI, crime and specie, and crypto-specific coverage such as ETH slashing and smart contract insurance. Its policies protect senior management, validators, and companies against liability, theft, and losses tied to technology and digital-asset operations.
Also known as Soter Insure
Founders & leadership
Soter was founded in 2024 by Henson Orser.
Investors · 12
.jpeg){kind=logo}
Also in the syndicate · 1
Company profile
researched Aug 2026Soter (Soter Insure) provides insurance products for financial institutions active in the digital asset sector, positioning itself as a response to the scarcity of suitable products and capacity constraints in the crypto insurance market. Its product set spans two broad categories: internal operations cover, comprising directors and officers (D&O) liability, professional indemnity/errors and omissions, crime, specie, and theft and loss; and technology risk cover, comprising technology professional indemnity, slashing insurance for ETH proof-of-stake validators, and smart contract insurance addressing coding errors, bugs, security breaches and contract performance failures.
Policies are available in both fiat currency and native digital assets, and the company states its products can offer stabilized token-native yield to investors while protecting assets against fiat market volatility. Soter Insure is headquartered in Abu Dhabi, United Arab Emirates, and operates from Bermuda, with additional offices in London, New York and Dubai. It was incubated by Further Ventures and WebN Group. Leadership includes founder and CEO Henson Orser, Head of Underwriting Philip Rage, and Chief Risk Officer Cherry Chung.
Business model
Soter underwrites and places specialty insurance cover for institutional participants in digital asset markets, including crime, D&O, professional indemnity, specie, slashing and smart contract failure. It places coverage and reinsurance of regional risk through its Bermuda-regulated carrier paper, and conducts insurance intermediation from its DIFC-registered entity in Dubai.
Traction
On completion, the Series B round is reported to bring the company's total funding to AED 86.3m alongside more than 500 Bitcoin and 2,000 Ethereum. The company reports issuing a world-first BTC-denominated crime policy for a Tier 1 cryptocurrency exchange and has announced partnerships with Dubai Insurance P.S.C. and Deus X Capital.
Latest developments
In July 2026 Soter Insure announced the first close of its Series B round led by Galaxy Digital, with Coinbase Ventures and Franklin Templeton joining as new investors and Brevan Howard Digital and other existing investors participating; a second close was expected in the following weeks. Proceeds are earmarked for underwriting and technology development and expansion in core markets. The company also received DFSA category 4 authorisation for insurance intermediation.
▸Full profile — market position, go-to-market, geography, history
Market position
Soter presents itself as addressing a supply gap in insurance capacity for institutional digital asset risk. It cites market context figures including 41% of institutional investors holding cryptocurrencies and 33% of crypto hedge funds wanting mandatory insurance for on-exchange assets, and states it issued a world-first BTC-denominated crime policy for a Tier 1 cryptocurrency exchange.
Policies denominated in native digital assets as well as fiat, coverage of crypto-specific exposures such as slashing and smart contract failure, and use of Bermuda-regulated carrier paper combined with a DFSA-licensed DIFC intermediation entity.
Go-to-market
Direct engagement with institutional clients supplemented by partnerships and distribution arrangements, including a strategic partnership with Dubai Insurance P.S.C. in the UAE and a coverage partnership with Deus X Capital. Regulatory authorisation in the DIFC gives it a licensed physical presence for intermediation in the Middle East.
Financial institutions and institutional investors active in digital assets, including cryptocurrency exchanges, crypto hedge funds, validators and staking service providers, and Web3 firms; the company also serves institutional clients across the Middle East and North Africa region.
Geography
Headquartered in Abu Dhabi, UAE, operating from Bermuda, with additional offices in London, New York and Dubai; DIFC-registered entity licensed for insurance intermediation, enabling work with clients across the Middle East and North Africa.
History
Soter Insure was incubated by Further Ventures and WebN Group. Galaxy Digital led its Series A round and returned to lead the first close of its Series B, announced in July 2026. In May (per July 2026 reporting) the company received full authorisation from the Dubai Financial Services Authority under a category 4 licence for insurance intermediation.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsSoter Insure completed the first close of its Series B round, led by Galaxy Digital, which also led its Series A. Coinbase Ventures and Franklin Templeton joined as new investors, with Brevan Howard Digital and other existing investors continuing support. A second close was expected in the following weeks. Capital is intended for underwriting and technology development and expansion in core markets.
Soter Insure received full authorisation from the Dubai Financial Services Authority under a category 4 licence, allowing its DIFC-registered entity to conduct insurance intermediation from within the DIFC and to work directly with institutional clients across the Middle East and North Africa, placing coverage and reinsurance through its Bermuda-regulated carrier paper.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Sotersoter.insure · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Soter do?
- Soter Insure underwrites institutional-grade insurance for digital asset firms, with policies available in fiat or native crypto.
- Who founded Soter?
- Soter was founded by Henson Orser in 2024.
- Who are Soter's investors?
- Soter's investors include Pharsalus Capital, Token Bay Capital, AV8 Ventures, Brevan Howard Digital, Coinbase Ventures, Franklin Templeton, Further Ventures, Karatage and 3 more.