AnchorWatch Trust Company launches bitcoin custody service with insurance option up to $370 million

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AnchorWatch bitcoin custody launch

Highlights

AnchorWatch Trust Company received Nevada authorization to offer qualified bitcoin custody with two models, including a structure with keys shared between ATC, third parties, and clients.
Clients pay fixed-dollar fees based on vault size, with custody charges capped once monthly fees reach $10,000, regardless of additional bitcoin purchases or value increases.
Optional insurance—backed by A+ rated Lloyd's of London syndicates—covers up to $370 million per client, protecting against risks like violent coercion and fraud, pending underwriting approval.

Custody structure and pricing model

As reported by The Block, AnchorWatch Trust Company said in a statement that the Nevada Financial Institutions Division has authorized it to provide custody services as a Nevada-chartered qualified bitcoin custodian.

The company offers two custody models. Under its flagship structure, ATC holds the keys required for qualified custody, while clients, trustees or executives can hold additional keys. In the second model, key control is distributed among ATC, BitGo in the U.S., and CoinCorner in the Isle of Man.

AnchorWatch said it charges fixed-dollar fees based on vault size rather than a percentage of assets under custody. Once a client's monthly fee reaches $10,000, additional bitcoin purchases or gains in the value of existing holdings do not increase the custody charge, the company said.

Insurance scope and crypto market relevance

AnchorWatch also offers optional insurance backed by A+ rated Lloyd's of London syndicates. The company said it has authority to write policies with limits of up to $370 million per client, subject to underwriting approval, with policies issued in the customer's or entity's name.

According to the company, the insurance can cover losses tied to risks including violent coercion and kidnapping. It can also cover fraudulent conduct by AnchorWatch that results in a bitcoin loss, subject to underwriting approval, policy limits and other terms.

The combination of qualified custody, fixed-fee pricing and high-limit insurance addresses a part of the crypto market where institutional and wealthy holders are looking for regulated storage options with more predictable operating costs. That may be especially relevant for organizations that need formal fiduciary controls and balance-sheet protection while holding bitcoin in the U.S.

In our earlier article on the Bank of England’s push for “bare metal” recovery planning, we explained how regulators are urging major banks to build deeper cyber resilience as AI increases the scale and complexity of attacks. The piece highlighted calls for independent fallback systems to keep critical services running even if primary technology is compromised, underscoring cyber risk as a key financial-stability concern.

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