Soter Insure, which provides institutional-grade insurance for the digital asset economy, yesterday announced that it has received full authorisation from the Dubai Financial Services Authority (DFSA) for insurance intermediation.
The licence allows Soter to undertake insurance intermediation business from the Dubai International Financial Centre (DIFC), giving the company a regulated on-the-ground presence in one of the world’s most significant financial centres and institutional digital asset activity hubs.
The authorisation positions Soter to engage directly with institutional clients across the Middle East and North Africa, placing cover and reinsurance of local risk onto Soter’s Bermuda-regulated carrier paper. There is increasing demand for sophisticated and specialised financial offerings across the DIFC, GCC and wider MENA markets.
Business lines
From its DIFC platform, Soter will advise on and arrange the company’s full suite of institutional coverages, including Directors & Officers (D&O), Professional Indemnity (PI), Crime, Specie, and Slashing, for MENA-based clients. Selected policies can be denominated natively in Bitcoin (BTC) and Ether (ETH), addressing the asset-liability mismatch that institutional participants face when insuring digital assets in fiat terms and ensuring that indemnity remains aligned with the currency of the underlying exposure.
Founder and CEO of Soter Insure, Mr Henson Orser, said in a statement, “Dubai is the gateway to the Middle East for digital assets, and this licence is a strategic enabler that allows us to deliver our products to a rapidly expanding client base. This regulatory milestone reinforces our commitment to supporting the region’s economic diversification and financial stability”.
Soter’s Bermuda operating entity provides the underwriting capacity that sits behind Soter’s policies, while the new DFSA licence establishes a regulated intermediation entity in the DIFC. Together, the two licences enable the coordinated placement of institutional digital asset risk across major jurisdictions and support Soter's global client base.
The DFSA authorisation also complements Soter’s existing commercial footprint in the UAE, including the company’s strategic partnership with Dubai Insurance to deliver fiat, Bitcoin- and Ether-denominated policies to the UAE’s digital asset ecosystem.