AnchorWatch Opens Bitcoin Custody Service With Lloyd’s-Backed Insurance Option

TL;DR: AnchorWatch has opened its Nevada-chartered Bitcoin custody service, pairing a choice of key-control structures with optional Lloyd’s-backed insurance.

Bitcoin custody is no longer just a question of who holds the private keys. For professional trustees, company treasuries and advisers, it also involves governance, recoverability and what happens if assets are lost through theft or coercion.

AnchorWatch Trust Company has entered that market as a Nevada-chartered qualified custodian. The company is offering a model in which it controls the keys required for custody while clients can retain additional signing authority, alongside a second arrangement distributing key control among AnchorWatch, BitGo and CoinCorner.

The firm says eligible customers can apply for insurance backed by Lloyd’s of London syndicates. Its launch announcement described a possible limit of up to $370 million per client, although coverage depends on underwriting approval and the terms of an individual policy. This is not blanket protection automatically attached to every Bitcoin in custody.

Pricing is also part of its pitch. AnchorWatch is positioning fixed-dollar custody charges, with a monthly ceiling of $10,000, against the percentage-based pricing common across institutional asset services. Insurance costs are separate.

The structure is aimed at customers who want the controls of regulated custody without concentrating every signing decision in a single institution.

Ultimately, the value of any such product depends on the actual key arrangements, policy exclusions, service reliability and how clearly clients understand the risks that remain uninsured.

Written by the News Desk and edited by Samuel Rae.