Soter Insure Receives Initial Approval from Bermuda Monetary Authority

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Hamilton, Bermuda – Soter Insure, a pioneering provider of insurance products tailored to the digital asset economy, today announced that it has received initial approval from the Bermuda Monetary Authority (BMA), to offer a range of insurance solutions designed specifically for institutions operating in the blockchain and cryptocurrency space. The approval marks a significant milestone for Soter, enabling the company to address the evolving risk management needs of the digital asset sector.

“This regulatory approval is a testament to the vision we share with our partners and the growing need for tailored risk management solutions in the digital asset space,” said Henson Orser, CEO of Soter Insure. “With the rise of institutional adoption of blockchain technology, our products provide a critical layer of security for asset managers, funds, and validators. We are proud to offer coverage that aligns with the assets themselves—whether it’s Bitcoin, Ethereum, or other native currencies—allowing policyholders to be indemnified in the very currency they are seeking to protect.”

Soter’s product suite includes Directors & Officers (D&O) coverage, Asset Loss policies, and a unique Slashing insurance product that protects validators in Proof of Stake networks. Notably, all policies are denominated in the native digital currency being insured. For instance, Ethereum Validator Slashing losses are paid out in Ether, while Bitcoin asset loss policies are settled in Bitcoin—a groundbreaking approach that ensures alignment between the asset at risk and the insurance coverage.

About Soter Insure

Soter Insure is a leading provider of specialized insurance solutions for the digital asset economy. With a focus on institutional investors, Soter offers a range of innovative insurance products that address the unique risks of the blockchain ecosystem. Soter Insure is committed to providing robust, transparent, and secure risk management solutions. For more information, visit www.soter.insure

Media Contact:

Soter Media Relations Department

media@soter.insure

Soter Insure refers Soter Insurance Limited, a member of Soter Holdings