Soter Insure, a leading provider of tailored insurance solutions for digital asset institutions, has announced a groundbreaking partnership with investment firm Deus X Capital. Together, they’ve unveiled the world’s first hybrid USD/Bitcoin-denominated risk transfer product an innovation poised to transform how cryptocurrency institutions manage risk.
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This landmark agreement is not just a technical evolution; it’s a significant step toward redefining risk protection in an industry often left underserved by traditional insurance models. With this collaboration, Deus X Capital and affiliated Virtual Asset Service Providers (VASPs), including portfolio company Deus X Pay, will gain access to unparalleled protection against crypto price volatility.
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What’s truly unique is the flexibility to pay premiums in digital assets and the structuring of policies in both USD and Bitcoin. The policy includes Directors & Officers (D&O) and Professional Indemnity (PI) coverage in USD, while Crime coverage is directly denominated in Bitcoin eliminating currency conversion risks and ensuring policyholders are compensated in the very asset they aim to protect.
“Tim Grant, Chief Executive Officer of Deus X Capital and Chairman of Deus X Pay, shared his excitement about this milestone, highlighting how it represents a turning point for insurance innovation in the digital asset world.”.
“Finding the right insurance coverage has for a long time been a challenge for financial services operators in the crypto space,” he said. ““We’re truly excited to be working with Soter. They really understand the unique challenges our portfolio companies like Deus X Pay face, and they’re stepping up with the kind of smart, forward-thinking insurance solutions this space has needed for a long time.”
Supported by heavyweight institutional backers such as Galaxy Digital, Brevan Howard Digital, and Further Ventures, Soter Insure has stepped forward with a product that directly addresses a major gap in crypto coverage. By offering traditional coverage with digital asset adaptability, Soter is helping to overcome one of the key barriers to broader institutional participation in the crypto space: adequate and asset-aligned insurance protection.
Henson Orser, Chief Executive Officer and Founder of Soter Insure, emphasized the wider significance of the move. “As regulatory frameworks come into focus globally, we’re excited to offer products that not only meet compliance needs but also encourage broader adoption of digital assets. We’re building risk solutions that evolve with the market.”
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“This partnership between Soter and Deus X Capital is about more than just launching a new policy it marks a shared commitment to shaping the future of risk protection in the digital asset space.” It opens the door for an entire network of VASPs and Deus X portfolio companies to access advanced risk mitigation tools fostering confidence and promoting greater institutional involvement. As the digital asset ecosystem matures, Soter remains committed to innovation and trust-building, ensuring a safer and more resilient future for the crypto community.
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