[CoinDesk] Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million

Standard Chartered and SBI have backed crypto insurer Soter, bringing its total funding to $23.5 million. The round also included 500 BTC and 2,000 ETH, worth roughly $43 million at current prices. The backing from two major traditional financial institutions signals growing institutional confidence in crypto-native insurance infrastructure. Soter's total capital now combines cash and digital-asset contributions, though the article did not specify how the funds will be deployed.