---
title: "Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million"
url: https://thecoingazette.com/standard-chartered-and-sbi-back-crypto-insurer-soter-as-funding-reaches-23-5-million/
date: 2026-11-05
modified: 2026-11-05
lang: en
author: "Coin Gazette Editorial"
description: "Soter also received backing of 500 BTC and 2000 ETH, worth another $43 million at current prices."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 17
---

# Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million

Soter also received backing of 500 BTC and 2000 ETH, worth another $43 million at current prices.