What Soter Insure does

Soter Insure is an institutional-grade insurance provider purpose-built for the digital asset economy, founded in 2024 and headquartered under its regulated carrier, Soter Insurance Limited, in Pembroke, Bermuda (Class IIGB license from the Bermuda Monetary Authority), with a regional operational hub in Abu Dhabi Global Market and additional offices in London and Lewes, Delaware. The company underwrites a portfolio of products including Directors & Officers (D&O), Professional Indemnity/E&O, Crime and Specie, Tech PI, Slashing, and Smart Contract insurance for institutional digital asset participants such as cryptocurrency exchanges, custodians, Ethereum validators, and Virtual Asset Service Providers (VASPs).

What differentiates Soter is its native cryptocurrency policy denomination: it pioneered the world's first Bitcoin-denominated crime policy (Jan 2026 for a Tier 1 exchange), the first Ethereum-denominated slashing insurance product (Mar 2026 with Galaxy Digital), and the first hybrid USD/BTC risk transfer structure (Jul 2025 with Deus X Capital). Policies denominated and settled in BTC or ETH eliminate the asset-liability mismatch inherent in fiat-denominated coverage of volatile digital assets. Its 2% First Loss Slashing Program is priced at approximately 4bps per annum on assets under stake, enabling institutional ETH validators to retain roughly ~296bps of net staking yield after insurance cost. Distribution combines direct enterprise sales with a broker network, a strategic partnership with Dubai Insurance P.S.C. (Feb 2026) for UAE market access, and Galaxy Digital for product co-development and client access.

Revenue is generated primarily through insurance premiums on subscription/annual billing cycles across fiat, Bitcoin, and Ether denominated policies. The company is venture-backed (Series A led by Galaxy Digital in February 2025, with participation from Brevan Howard Digital, Karatage, Token Bay, Pharsalus, and incubated by Further Ventures and WebN Group), employs 11-50 staff, and holds a DFSA Category 4 license (May 2026) for insurance intermediation in DIFC to serve MENA clients. Board includes Chairman Faisal Al Hammadi, Founder/CEO Henson Orser, and Independent Director Curtis Arledge (former CEO of BNY Mellon Investment Management and BlackRock CIO).

Name

Soter Insure

Legal name

Soter Insurance Limited

Website

https://soter.insure

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Soter Insure is a Bermuda-regulated specialty insurer providing institutional-grade digital asset insurance (D&O, Crime, Slashing, Smart Contract) with native BTC and ETH denomination, serving exchanges, validators, custodians, and VASPs globally from hubs in Abu Dhabi, Bermuda, London, and Delaware.

Ownership category

akta.pro rank

Product category

Digital Asset Insurance

NAICS

Insurance Carriers (5241), Direct Property and Casualty Insurance Carriers (524126), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Crime Insurance (Financial Institution & Commercial Crime) (FSAJAIAE)

akta.pro secondary industries

Directors & Officers (D&O) Liability (FSAJADAF), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)

Keywords

• Digital asset insurance
• Cryptocurrency insurance
• Validator slashing insurance
• Smart contract insurance
• Institutional crypto coverage

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premium Revenue: Soter generates revenue through insurance premiums charged for coverage including D&O, Professional Indemnity, Crime, Specie, Slashing, and Smart Contract insurance. Premiums can be denominated in fiat (USD), Bitcoin, or Ether depending on policy structure. The company operates as an insurer with underwriting capacity backed by its Bermuda-licensed carrier.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Soter Insure underwrites and distributes institutional-grade insurance products for the digital asset economy, including Directors & Officers (D&O), Professional Indemnity (PI/E&O), Crime, Specie, Slashing, Tech PI, and Smart Contract coverage. Policies can be denominated and settled in USD, Bitcoin, or Ethereum, eliminating the asset-liability mismatch inherent in fiat-only policies. The company is regulated by the Bermuda Monetary Authority (Class IIGB) and authorized by the DFSA for insurance intermediation in the DIFC.

Product overview

Soter Insure is an institutional-grade insurance provider for the digital asset economy offering a portfolio of insurance products including Directors & Officers (D&O), Professional Indemnity (PI/E&O), Crime, Specie, Slashing, and Smart Contract insurance. The company pioneered native digital currency-denominated policies, offering coverage denominated and settled in Bitcoin and Ethereum to eliminate asset-liability mismatch inherent in traditional fiat-denominated insurance. The product suite serves institutional Web3 participants including cryptocurrency exchanges, validators, asset managers, and VASPs, with specialized products like BTC-denominated crime policies and ETH-denominated slashing insurance. The platform is regulated by the Bermuda Monetary Authority and holds DFSA Category 4 license for insurance intermediation in the DIFC.

Differentiator

Problem solved

Functional benefit

Products and services

• Directors & Officers (D&O) Insurance
• Professional Indemnity (PI/E&O) Insurance Safeguards digital asset companies and their employees from financial loss resulting from errors and omissions in delivering professional services, covering claims related to negligence, mistakes, or inadequate advice.
• Crime and Specie Insurance Insures against theft and loss of digital assets, covering losses by third parties, employees, physical damage, and other common loss events relevant to digital asset custody and exchange operations.
• Tech PI Insurance Covers financial loss resulting from technology or platform failure, computer system design or integration errors, and software or hardware malfunctions for technology-driven digital asset businesses.
• Slashing Insurance Protects ETH owners and validators from penalties due to slashing events or double signing events arising from violations of the Ethereum chain protocol, covering validators offering proof-of-stake services.
• Smart Contract Insurance Protects against digital asset loss arising from flawed smart contract execution, coding errors, bugs, security breaches, and contract performance issues.
• BTC-Denominated Crime Policy Bitcoin-denominated excess crime layer policy for institutional cryptocurrency exchanges, settling claims directly in BTC to align coverage with the underlying digital asset and avoid fiat conversion basis risk.
• ETH-Denominated Slashing Insurance Ethereum-denominated slashing insurance for ETH validators, settling claims directly in ETH to eliminate the currency mismatch inherent in fiat-denominated coverage of staking penalties.
• Hybrid BTC/USD-Denominated Insurance Hybrid risk transfer product combining D&O and Professional Indemnity coverage denominated in USD with Crime coverage denominated directly in Bitcoin, designed for digital asset investment firms and regulated VASP portfolio companies.

Quantifiable outcome

• Less than 3% of digital assets currently insured, representing a massive addressable market opportunity
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Dubai Insurance P.S.C.coreStrategic or Co-development Partner · 9 February 2026Strategic partnership announced February 9, 2026 combining Soter Insure's digital asset insurance expertise with Dubai Insurance's established UAE market presence. The collaboration enables offering of insurance policies denominated in fiat, Bitcoin, and Ether to the UAE digital assets ecosystem, addressing asset-liability mismatch and digital asset price volatility risks. The partnership positions both companies to lead the expanding digital asset insurance market in the UAE and complements Soter Insure's existing DFSA licensing.
• Galaxy DigitalcoreStrategic or Co-development Partner · 9 January 2026Galaxy Digital is backing Soter Insure's Bitcoin-denominated insurance program as an investor. The collaboration enabled the issuance of the world's first BTC-denominated crime layer policy for a Tier 1 cryptocurrency exchange. Galaxy indicated intent to utilize ETH-denominated products for their own institutional staking operations.
• Deus X CapitalflagshipStrategic or Co-development Partner · 17 July 2025Groundbreaking collaboration announced July 2025 establishing a new benchmark for risk management in the digital asset industry. Deus X Capital procured the world's first hybrid USD/Bitcoin denominated risk transfer product, providing D&O and PI coverage in USD alongside Crime coverage in Bitcoin for Deus X Capital and its portfolio company Deus X Pay. The partnership extends availability of risk mitigation capabilities to Deus X's network of companies and VASPs globally.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Evertas: Specialty insurance provider focused exclusively on crypto and digital asset risks, including custody, mining, and exchange coverage. Closely comparable to Soter as a specialist digital asset underwriter serving institutional clients.
• Coincover: UK-based digital asset protection and insurance technology provider offering theft coverage and disaster recovery for crypto custodians, exchanges, and individual holders. Directly comparable to Soter as a crypto-native insurance/enablement provider targeting institutional digital asset participants.

Emerging players

• Breach Insurance: Crypto-native insurance provider offering smart contract and digital asset theft coverage through both traditional and tokenized structures. Comparable to Soter as an early-stage digital asset insurance specialist, though with a narrower product focus on smart contract risk.
• Nexus Mutual: Decentralized crypto-native insurance protocol offering coverage for smart contract exploits, exchange hacks, and stablecoin depegs. Comparable to Soter as a digital asset risk coverage provider, though using a mutualized on-chain model rather than a regulated carrier structure.
• InsurAce: Decentralized insurance protocol offering coverage for smart contract failures, exchange breaches, and stablecoin depegs. Comparable as a digital-asset risk coverage provider, though operating as an on-chain protocol rather than a regulated institutional carrier like Soter.

Broad incumbents

• Munich Re: Global reinsurer with growing digital asset and crypto risk appetite, often providing reinsurance capacity to specialty carriers. Comparable to Soter as a balance-sheet provider in the digital asset insurance value chain, with materially deeper capital reserves that could eventually compete for direct institutional risk.
• Lloyd's of London: Global specialty insurance marketplace hosting syndicates that underwrite crypto, specie, and D&O risk. Comparable to Soter as a regulated venue for institutional digital asset and specialty risk, with established underwriting expertise competing for the same institutional clients.
• Aon: Major global insurance broker that has built crypto and digital asset risk-placement capabilities. Comparable as a competing channel for placing institutional digital asset risk, competing indirectly with Soter's intermediation and broker-mediated distribution.
• Marsh (Marsh McLennan): Global insurance broker with a dedicated digital asset and crypto practice that places digital asset risk with specialty carriers. Comparable to Soter as a distribution and risk-placement channel for institutional digital asset insurance, though as a broad incumbent rather than a specialist carrier.

Regional players

• OneDegree: Asia-based (Hong Kong) insurtech offering digital asset and cyber insurance including VASP-mandated coverage. Comparable to Soter as a regulated digital asset insurance provider serving institutional clients in a regional hub, though with primary geographic focus on Greater China rather than MENA/UK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/soter_insure
• LinkedInlinkedin.com/company/soter-insure

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds2 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soter Insure