S

Soter

Institutional insurance for native digital assets

Business Development Lead

Full-TimeUpdated on 10/23/2026
No salary listed
Senior
Dubai - United Arab Emirates
HybridHybrid in Dubai; regular travel across the GCC and wider MENA region expected.
InsuranceInsurance Sales & Agency

About the job

Requirements
  • At least five years of specialty financial lines experience across MENA.
  • Established relationships with global broking houses and regional brokers, and a track record of credible direct client engagement; crypto-native focus is a plus.
  • Demonstrated ability to distribute or place D&O, Professional Indemnity, Crime, Specie, Slashing, and Cyber lines of business.
  • A working understanding of digital asset risks, including custody architecture, multi-party computation and hardware security module-based key management, exchange operations, staking and slashing mechanics, decentralized finance protocol risk, bridge risk, and tokenisation.
  • Ability to think across product lines, jurisdictions, and risk types.
  • Fluent English is essential. Arabic is strongly preferred, and French is a plus for North African markets.
  • Must be based in or willing to relocate to Dubai, with the right to work in the UAE or eligibility to obtain a UAE employment visa sponsored by Soter’s UAE entity.
  • Regular travel across the GCC and wider MENA region is expected.
Responsibilities
  • Identify, onboard, and manage a panel of international and regional specialty brokers across MENA, while developing relationships with insured digital-asset firms, financial institutions, and corporates seeking specialty cover.
  • Establish Soter as a preferred capacity partner across the region.
  • Generate opportunities from broker channels and direct clients, route them to the appropriate Soter underwriting team, and maintain a CRM-tracked MENA submission pipeline with weekly reporting to the Head of Underwriting.
  • Provide product training, technology walk-throughs, and thought leadership to brokers and clients, and channel their feedback to Soter.
  • Represent Soter at industry panels and forums across the region on digital asset risk, custody architecture, and specialty insurance evolution.
  • Engage with regional regulators and industry bodies on industry-level initiatives in coordination with the broader Soter team.
  • Channel broker and client feedback into Soter’s product development and underwriting strategy.
  • Identify emerging risks and product opportunities across decentralized finance, tokenisation, Layer-2 infrastructure, and institutional custody.
  • Help shape the strategic direction of Soter’s MENA operation, including its potential evolution from an insurance intermediation office toward an MGA or coverholder structure and the scaling of the regional team.
  • Engage with local carriers and identify fronting partnership opportunities to enable Soter to issue policies to local insureds quickly and compliantly.
Desired Qualifications
  • Specialty financial lines background.
  • Digital asset domain experience.
  • Crypto-native client focus.
  • Arabic language proficiency.
  • French language proficiency for North African markets.

About the company

Soter Insure offers insurance products for Web3 and digital assets tailored to institutional investors. Policies are denominated in native digital currencies like Bitcoin and Ethereum to match the assets insured. The product protects crypto portfolios from asset-specific risks while offering token-native yields to clients. Backed by traditional-finance investors and licensed by the Bermuda Monetary Authority, Soter aims to expand crypto adoption by reducing risk for institutions.

Company Size

11-50

Company Stage

Series B

Total Funding

$23.5M

Headquarters

New York City, New York

Founded

2024

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Simplify's Take

What believers are saying

  • July 29, 2026 Series B added Coinbase Ventures and Franklin Templeton.
  • May 5, 2026 DFSA approval unlocked DIFC distribution across MENA institutions.
  • March 2026 ETH-denominated slashing insurance positions Soter for staking and ETF demand.

What critics are saying

  • Soter depends on unproven demand; institutional crypto insurance remains a niche market.
  • Native BTC and ETH liabilities expose Soter to severe asset-price swings before claims.
  • A major smart-contract loss or insolvency in 2026 destroys trust and capital.

What makes Soter unique

  • Soter insures crypto risk in native BTC and ETH, avoiding fiat basis mismatch.
  • DFSA Category 4 and Bermuda Class IIGB let Soter place and underwrite cross-border.
  • Galaxy led both Series A and Series B, signaling tight strategic alignment.

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Benefits

  • Company Equity

Growth & Insights and Company News

6 month growth

-6%

1 year growth

-6%

2 year growth

-6%
PR Newswire
Jul 29th, 2026
Soter Insure raises $23.5M Series B led by Galaxy to scale digital asset insurance products

Soter Insure, a digital asset insurance provider based in Abu Dhabi, announced the first close of its Series B funding round led by Galaxy Digital. Coinbase Ventures and Franklin Templeton joined as new investors, with follow-on support from Brevan Howard Digital and existing backers. The final close of the Series B will bring total funding to $23.5 million, plus over 500 BTC and 2,000 ETH. A second close is expected in the coming weeks. Operating from Bermuda with offices in London, New York and Dubai, Soter offers specialized insurance products for digital asset institutions, including Directors & Officers, Professional Indemnity, Crime, and Smart Contract Failure coverage. The funding will support expanding Soter's underwriting and technology capabilities whilst scaling operations across key markets. The company addresses the insurance gap that remains a barrier to institutional adoption of digital assets.

Soter Insure
Jul 29th, 2026
Soter Insure secures Series B funding led by Galaxy to scale its digital asset insurance solutions.

Soter Insure secures Series B funding led by Galaxy to scale its digital asset insurance solutions. July 29, 2026 Coinbase Ventures and Franklin Templeton join as new investors, with follow-on support from Brevan Howard Digital and existing backers, as Soter continues to build specialized insurance products for the digital asset economy. Abu Dhabi, UAE - July 29, 2026 - Soter Insure, a provider of specialized insurance products tailored to the digital asset economy, today announced the first close of its Series B funding round, led by Galaxy Digital, who also led the Series A, with new participation from Coinbase Ventures and Franklin Templeton and follow-on investment from Brevan Howard Digital and other existing backers. A second close is expected to follow in the coming weeks as Soter finalizes participation from additional strategic investors. Final close of the Series B will bring total funding to date of $23.5mm USD and over 500 BTC and 2000 ETH. Headquartered in Abu Dhabi and operating out of Bermuda, with offices in London, New York and Dubai, Soter Insure was incubated by Further Ventures and WebN Group. The company offers specialized digital asset insurance products for financial institutions, including, Directors &Officers (D&O), Professional Indemnity (PI), Crime, Specie, Slashing and Smart Contract Failure coverage, uniquely denominated in both fiat and native digital assets. As the digital asset space continues to mature, the lack of adequate insurance products and scarce capacity remains a significant barrier to broader institutional adoption. Soter Insure addresses this gap byoffering comprehensive insurance solutions tailored to the unique risks of decentralized technologies, thereby instilling confidence in institutional andretail participants. The new funding will support the continued expansion of Soter Insure, deepening its underwriting and technology capabilities and scaling operations across key markets. "Our mission at Soter is to set a new standard for risk management in the digital asset space. Reaching the first close of our Series B - with Galaxy leading again and new partners like Coinbase Ventures and Franklin Templeton joining alongside the continued support of Brevan Howard Digital - is a powerful validation of the platform we are building and the network effect of our strategic capital stack. Special thanks to Galaxy Digital for their vision and leadership in continuing to support us with the ability to provide solutions at institutional scale. With this capital we will accelerate our product roadmap, expand capacity, and extend our global footprint, and we look forward to welcoming further partners at our second close," said Henson Orser, Founder and CEO of Soter Insure. Chris Ferraro, President and CIO of Galaxy said: "Insurance remains a key gap to institutional adoption of digital assets, and Soter has built a platform that closes it. We're proud to lead this round again, and our continued investment reflects the strength of the team and the growing importance of specialized risk solutions for this asset class."

PR Newswire
May 5th, 2026
Soter Insure secures DFSA Category 4 license to serve Middle East digital asset clients

Soter Insure has received full authorisation from the Dubai Financial Services Authority as a Category 4 licence for insurance intermediation. The approval establishes the company's regulated presence in the Dubai International Financial Centre, enabling it to provide institutional-grade insurance services for digital asset clients across the Middle East and North Africa. The DFSA licence allows Soter to offer its full suite of institutional coverages, including Directors & Officers, Professional Indemnity, Crime, Specie and Slashing insurance. Selected policies can be denominated in Bitcoin and Ether, addressing asset-liability mismatches for institutional participants. The authorisation complements Soter's existing Bermuda Class IIGB licence, completing an end-to-end regulated architecture for institutional digital asset insurance across major jurisdictions. The company has raised $295 million to date.

PR Newswire
Mar 25th, 2026
Soter Insure launches world's first ETH-denominated slashing insurance with Galaxy Digital

Soter Insure has launched the world's first Ethereum-denominated slashing insurance policy, developed in collaboration with Galaxy Digital. The product provides institutional validators and stakers with protection against slashing penalties denominated entirely in ETH, eliminating currency mismatch risks present in traditional fiat-denominated policies. Slashing refers to penalties imposed on Ethereum validators for protocol violations. Traditional insurance capped coverage in US dollars, exposing institutions to losses if ETH prices increased during the policy period. Soter's product denominates both premiums and claims in ETH, ensuring protection scales with staked asset values. The policy covers financial losses from both isolated and network-wide slashing events. The launch positions Soter to support the development of staked ETH exchange-traded funds by providing native-asset settlement that removes basis risk.

PR Newswire
Feb 9th, 2026
Soter Insure and Dubai Insurance launch Bitcoin and Ether insurance policies in UAE

Soter Insure has partnered with Dubai Insurance P.S.C. to offer digital asset insurance policies in the UAE. The collaboration enables coverage denominated in Bitcoin and Ether, alongside traditional fiat currency, eliminating asset-liability mismatch and price volatility risks for customers. The partnership combines Soter's digital asset insurance expertise with Dubai Insurance's established market presence. Policies ensure policyholders receive full value protection regardless of market conditions at claim time, addressing unique challenges facing digital asset holders and institutions. For Dubai Insurance, the alliance strengthens its position in the UAE's digital assets ecosystem. For Soter, backed by investors including Galaxy Digital, it marks significant geographical expansion into the UAE's progressive regulatory environment. The partnership is effective immediately, with both companies deploying comprehensive digital asset insurance solutions across the UAE market.