AnchorWatch Opens Nevada Trust Company with $10,000 Monthly Fee Cap

Bitcoin custody and insurance provider AnchorWatch has announced that its Nevada state-chartered trust company is officially open for business, delivering qualified custody services tailored for trusts, fiduciaries, public companies, and high-net-worth clients.

AnchorWatch stated that the AnchorWatch Trust Company commenced operations on Monday after receiving authorization to act as a custodian from the Nevada Financial Institutions Division.

This new service specifically targets public companies holding BTC, a segment that has grown rapidly as a rising number of corporations incorporate the digital asset into their corporate balance sheets.

A key selling point for the firm is its fee structure: instead of charging a percentage of assets under management—which is standard practice among qualified custodians—AnchorWatch utilizes tiered, fixed-dollar annual fees that cap out at $10,000 per month. Once clients reach this ceiling, further price growth or additional bitcoin acquisitions will not raise their annual expenses.

In its official announcement, the firm noted that this pricing cap could yield annual savings running into the six or seven figures for large enterprises utilizing qualified custody.

ATC presents users with two distinct qualified-custody pathways. Under Flagship Custody, ATC maintains the keys necessary for qualified custody while executives or trustees of the client hold supplementary keys. Alternatively, the multi-institution custody model distributes key management across three separate entities: CoinCorner based in the Isle of Man, BitGo in the U.S., and AnchorWatch Trust Company.

This multi-institution framework directly mitigates a mounting worry among institutional bitcoin investors regarding single-custodian concentration risk, a fear amplified by previous market collapses.

Additionally, clients have the option to apply for insurance policies issued directly in the name of the covered entity or individual. AnchorWatch distinguishes this from policies held under the custodian’s name, which can sometimes create ambiguity regarding a client’s priority during a claim. These insurance offerings come from AnchorWatch and are supported by A+ rated syndicates at Lloyd’s of London.

Functioning as a Lloyd’s of London Coverholder, AnchorWatch reports that it possesses the authority to issue up to $370 million in coverage limits per ATC client. This protection addresses bitcoin losses resulting from perils such as kidnapping and violent coercion, alongside losses stemming from internal fraudulent actions by AnchorWatch itself, though all coverage remains contingent on policy conditions and underwriting approval.

Insurance options are restricted to U.S.-resident individuals and U.S.-domiciled companies and subsidiaries. Meanwhile, uninsurable custody services may extend to a wider array of geographic regions, provided clients clear standard AML and KYC checks.

The enterprise’s foundational custody infrastructure, known as Trident Vault, has successfully protected customer bitcoin for a span of 20 months, per the company. Independent security companies Halborn and Doyensec, alongside technical underwriters from the supporting Lloyd’s syndicates, have reviewed or audited the system.

AnchorWatch defines itself as a Bitcoin-native custody and insurance provider, with ATC operating as its dedicated Nevada state-chartered trust company division.