AnchorWatch debuts insured bitcoin custody for institutional clients
AnchorWatch Trust Company has launched a bitcoin custody service with a Nevada charter. The service caps monthly fees at $10,000 and can provide optional insurance of up to $370 million per client.
AnchorWatch Trust Company has introduced a custody offering for bitcoin aimed at institutional users. The company operates under a Nevada trust charter.
The service limits recurring monthly charges to $10,000. Clients may also add insurance coverage, with protection available up to $370 million for each client. The arrangement combines custody with a fee ceiling and optional large-scale coverage.
Institutional investors and their clients could be affected if the service makes bitcoin custody feel safer and more predictable. A monthly fee cap and optional insurance may encourage more firms to consider regulated custody, potentially pressuring competitors to adjust pricing or coverage. For the wider public, the impact may be indirect, shaping confidence in crypto markets rather than changing everyday access. Actual effects would depend on adoption, oversight, and how the insurance works in practice.