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AnchorWatch Trust Company Launches Bitcoin Custody Services with Significant Insurance Coverage
AnchorWatch Trust Company, a custodian chartered in Nevada, has officially commenced operations as a qualified custodian for Bitcoin as of October 19, 2026. The company has received approval from the Nevada Financial Institutions Division, which is essential for fiduciaries and regulated money managers who need to hold assets on behalf of clients. AnchorWatch aims to attract wealthy individuals and institutions with its competitive pricing and substantial insurance offerings.
The custodian offers two custody models: the Flagship Custody model, where AnchorWatch holds all necessary keys to manage funds, and the Multi-Institution Custody model, which involves a multisignature arrangement with partners BitGo and CoinCorner. This second option requires two of the three parties to authorize any transaction, enhancing security by preventing unilateral control over the assets.
AnchorWatch has set a monthly fee cap at $10,000, which remains constant regardless of Bitcoin's market fluctuations or the amount deposited by clients. Additionally, clients can opt for insurance coverage of up to $370 million, backed by Lloyd's of London, with enterprise clients potentially accessing limits of up to $500 million. This insurance policy is issued in the client's name, covering risks such as theft and fraud, although actual coverage is subject to the specific terms of the policy.
Source: KLEA News