Soter Insure, the Abu Dhabi-based insurtech company focused exclusively on digital asset coverage, announced the initial closing of its Series B funding round on July 29. Galaxy Digital led the tranche with 23.5 million US dollars in fiat, supplemented by more than 500 BTC and over 2,000 ETH. Coinbase Ventures, Franklin Templeton, Brevan Howard Digital and other existing investors also participated in the round. The company plans to use the funds to enhance its underwriting capabilities and expand its risk-assessment technologies. Soter Insure already offers products covering asset loss, directors and officers insurance, smart contract failures, and validator slashing events.
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