Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million
Summary
Crypto insurance provider Soter has secured financial backing from Standard Chartered and SBI as its total funding reached $23.5 million. In addition to this capital, the company received further support in the form of Bitcoin and Ethereum holdings valued at $43 million based on current market rates.
Soter also received backing of 500 BTC and 2000 ETH, worth another $43 million at current prices.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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