bitcoin ·
Standard Chartered, SBI back crypto insurer Soter, funding hits $23.5 million
Support for the crypto insurer Soter has reached a total of $23.5 million, with backing provided by Standard Chartered and SBI.
In addition to the monetary contributions, Soter secured an additional backing comprising 500 BTC and 2000 ETH, which equates to another $43 million based on present valuations.
This influx of capital and digital assets underscores growing institutional interest in the infrastructure supporting decentralized finance.
