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

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

Crypto insurer Soter has raised a total of $23.5 million with backing from Standard Chartered and SBI. It also received 500 BTC and 2000 ETH, worth roughly $43 million at current prices. The involvement of major banks signals growing institutional confidence in crypto infrastructure, a modestly positive signal for the market.

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