Soter Insure
Soter provides institutional-grade insurance solutions for the digital asset ecosystem, protecting cryptocurrency holdings against theft, loss, technology risks, and fiat market volatility. The company offers policies denominated in both fiat and native digital assets, including coverage for slashing events, smart contract failures, and crime, with automated claims processing via blockchain-based data feeds.
- Insurance Technology
- Blockchain & Cryptocurrency
- Financial Technology
Funding
Raised to date
$23.5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 3 rounds
BHFT+5- Series A
- Series B Tranche
- Series B Follow-On
Incomplete round history. $23.5M of the $23.5M reported total isn’t matched to a known round (3 known rounds have undisclosed amounts).
Founders
Product
Problem
Institutional investors in cryptocurrency assets face significant exposure to fiat market volatility, which can erode returns and increase risk. Additionally, institutional participants lack reliable insurance solutions that protect on-exchange crypto holdings, limiting broader adoption of crypto strategies.
Solution
Soter delivers institutional-grade insurance products tailored to the digital asset ecosystem, addressing the scarcity of suitable coverage and capacity constraints. The company offers policies that stabilize token-native yields while shielding assets from fiat currency fluctuations, and covers on-exchange cryptocurrency positions for institutional and accredited investors. Soter's product suite spans internal operations (D&O, Professional Indemnity), theft and loss (Crime, Specie), and technology risk (Slashing, Smart Contract failure), with policies uniquely denominated in both fiat and native digital assets. The insurance framework leverages blockchain-based data feeds to verify exposure and trigger payouts automatically, reducing administrative overhead and settlement delays. By integrating with existing crypto trading and custodial platforms, Soter enables seamless premium payment and claim processing in digital assets, helping investors maintain predictable returns and confidence in crypto allocations without converting to fiat.
Target Audience
Primary customers are institutional investors, crypto hedge funds, banks, asset managers, and accredited investors who hold on-exchange cryptocurrency assets and require insurance protection.
Features
- Token-native insurance contracts that pay out in the same cryptocurrency used for coverage, including BTC-denominated crime policies
- Automated exposure verification via on-chain data feeds and smart-contract triggers
- Coverage against fiat market volatility to preserve token yield stability
- Specialized Slashing insurance protecting ETH validators from penalties due to protocol violations or double signing events
- Smart contract insurance covering digital asset loss from coding errors, bugs, security breaches, and contract performance issues
- Integration APIs for crypto exchanges, custodians, and portfolio managers to streamline underwriting and claims
- Real-time risk monitoring dashboard for policyholders and underwriters