AnchorWatch opens Nevada trust company for Bitcoin custody with $370M insurance
Image: Bitcoin MagazineAnchorWatch Trust Company opened for business on October 19, 2026, after approval from the Nevada Financial Institutions Division. The custodian charges fixed-dollar annual fees tiered by vault size, capped at $10,000 per month, rather than percentage-of-assets pricing. Clients can choose Flagship Custody or a multi-institution model splitting key control across AnchorWatch, BitGo and CoinCorner in a 2-of-3 multisig. Optional Lloyd's of London-backed insurance reaches up to $370 million per client.
Key points
- Coverage is subject to underwriting approval and policy terms, and is available to U.S.-domiciled companies and U.S.-resident individuals.
- The custodian charges fixed-dollar annual fees tiered by vault size, capped at $10,000 per month, rather than percentage-of-assets pricing.
Why it matters
Qualified custody status is a credential fiduciaries and regulated money managers typically need before holding Bitcoin for clients. The fee cap means additional purchases or price appreciation do not raise the annual fee once a client reaches it.
Price context · BTC
At publication
$82,089.00
Now
$81,957.00
Change since
−0.16%
7 days · dashed line = publication
Sources · 3 publishers
AnchorWatch Trust Company launches bitcoin custody service with up to $370 million in insurance per client
Crypto Briefing
Tier 2
AnchorWatch Trust Company launches Bitcoin custody with up to $370M insurance per client
Bitcoin Magazine
Tier 1
AnchorWatch Launches Nevada Trust Company, Caps Bitcoin Custody Fees at $10,000 a Month
Coverage timeline
- First reported by The Block
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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