AnchorWatch Trust Company launches bitcoin custody service with up to $370 million in insurance per client
AnchorWatch launched Nevada-chartered bitcoin custody with a $10,000 monthly fee cap and optional insurance of up to $370 million per client.
AI summary
AnchorWatch Trust Company has launched a Nevada-chartered bitcoin custody service aimed at institutional clients, capping monthly fees at $10,000 and offering optional insurance coverage of up to $370 million per client. The insurance-backed structure addresses a key institutional concern around counterparty and custody risk, potentially making it easier for large allocators to hold BTC. Traders may read expanding regulated custody infrastructure as a modest positive for institutional adoption, though the direct price impact is limited.
