AI · The Block
AnchorWatch Trust Company launches bitcoin custody service with up to $370 million in insurance per client
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AnchorWatch Trust Company opened Monday as a Nevada-chartered qualified bitcoin custodian with fixed-dollar custody pricing capped at $10,000 per month and optional insurance coverage of up to $370 million per client.
Key facts
- AnchorWatch Trust Company opened Monday as a Nevada-chartered qualified bitcoin custodian with fixed-dollar custody pricing capped at $10,000 per month and optional insurance coverage of up to $370
- Shared with The Block, the company said the Nevada Financial Institutions Division had authorized it to provide custody services
- Under its flagship model, ATC holds the keys required for qualified custody, while clients, trustees, or executives can hold additional keys
- AnchorWatch Trust Company offers two custody options
Summary
Shared with The Block, the company said the Nevada Financial Institutions Division had authorized it to provide custody services. AnchorWatch Trust Company offers two custody options. The company said it charges fixed-dollar fees based on vault size rather than a percentage of assets under custody. AnchorWatch also offers optional insurance backed by A+ rated Lloyd's of London syndicates.