AnchorWatch Opens Bitcoin Custody Service With Lloyd’s-Backed Insurance Option
Summary
AnchorWatch Trust Company has launched a Nevada-chartered Bitcoin custody service for institutional clients. Customers can choose between a setup where AnchorWatch controls custody keys while clients retain additional signing authority, and a shared-control arrangement involving AnchorWatch, BitGo and CoinCorner. Eligible clients may apply for Lloyd’s-backed insurance with a stated potential limit of up to $370 million per client, subject to underwriting and policy terms. Custody fees are fixed-dollar charges capped at $10,000 monthly; insurance is extra. Coverage is not automatic, and the service’s value depends on key controls, exclusions and operational reliability.
