Deus X Capital has partnered with Soter Insure to roll out the world’s first hybrid insurance product denominated in both U.S. dollars and Bitcoin, setting a new standard for risk management in the digital asset space.
This pioneering coverage targets Virtual Asset Service Providers (VASPs), including Deus X’s own portfolio company, Deus X Pay, offering protection that aligns directly with the volatile assets they manage.
Bridging a major gap in crypto insurance, the new product merges traditional Directors & Officers (D&O) and Professional Indemnity (PI) coverage in USD with Bitcoin-denominated Crime coverage. This innovative structure eliminates currency conversion risk and ensures claims are paid in the same digital asset that may be lost Bitcoin, preserving real value regardless of market volatility.
Highlighting the industry impact, Tim Grant, CEO of Deus X Capital, remarked,
“This partnership solves a critical problem in crypto finance. Soter is delivering real innovation in a space that has long lacked insurance products built for digital asset businesses.”
Adding to its appeal, the policy allows firms to pay premiums in cryptocurrency, offering greater flexibility for digital-native companies. The Bitcoin-based Crime coverage is especially timely, addressing the longstanding mismatch between fiat-based policies and the crypto-specific risks firms face today.
This product is underpinned by strong institutional backing. Soter Insure counts Galaxy Digital, Brevan Howard Digital, and Further Ventures among its investors, signaling growing confidence in crypto-focused insurance solutions. The firm is positioning the offering as a critical foundation for institutional adoption by eliminating one of the sector’s most persistent barriers: lack of adequate, asset-aligned risk protection.
“With global regulations tightening, compliant firms need tools that match their risk profiles. We’re filling that gap,”
said Soter CEO Henson Orser.
Meanwhile, in a separate development underscoring Bitcoin’s growing utility, USDT has officially gone live on Bitcoin’s base layer and Lightning Network. Announced at the Plan B conference in El Salvador by Tether CEO Paolo Ardoino, the move represents a significant leap for stablecoin adoption in Bitcoin’s ecosystem.
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