Digital asset insurance service provider Soter Insure has completed Series A financing, led by Galaxy

According to PR Newswire, digital asset insurance provider Soter Insure, incubated by Further Ventures and WebN Group, has completed Series A financing. The round was led by Galaxy with participation from Brevan Howard Digital, Karatage, Token Bay, Pharsalus and others. The specific investment amount has not been disclosed.

Soter Insure mainly provides financial institutions with digital asset insurance products in the Web3 market covering areas such as smart contract failures. The new funds will be used to expand the product range.