AnchorWatch Trust Company launches Bitcoin custody with up to $370M insurance per client

AnchorWatch Trust Company is now open for business as a qualified custodian for Bitcoin. Its pitch to wealthy holders and institutions rests on two numbers: a monthly fee that tops out at $10,000, and optional insurance of up to $370 million per client. What AnchorWatch is offering The company, known as ATC, operates under a Nevada state trust charter. It began operations on October 19, 2026, after receiving approval from the Nevada Financial Institutions Division. That approval matters. Being a qualified custodian is the kind of credential that fiduciaries, trusts and other regulated money managers typically need before they can hold an asset on behalf of someone else. ATC handles one asset only: Bitcoin. Clients choose between two custody models. The first, called Flagship Custody, has ATC holding every key required to move funds. Clients can also hold additional keys of their own if they want a seat at the table. The second option is the Multi-Institution Custody model, or MIC. Here, control is split across three parties: ATC, BitGo and CoinCorner, in a 2-of-3 multisig arrangement. Any two of the three firms must sign before coins can leave the wallet, so no single company can m...