Bitcoin ·
Standard Chartered’s SC Ventures and SBI back Soter Insure
NewsCRYPTO INSURANCESC Ventures and SBI back Soter InsureSoter Insure said SC Ventures and SBI Group joined its Galaxy-led Series B as strategic investors. The company plans to use the funding to expand insurance capacity and strengthen underwriting. The investment shows large financial firms are backing infrastructure that helps institutions manage digital asset risk.
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Tito G’s take
Tito G pointed to the funding as an example of traditional finance backing crypto infrastructure during a selloff. He distinguished the long time horizon of builders from the price focus of short-term traders.