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AnchorWatch Launches Nevada Trust Company, Caps Bitcoin Custody Fees at $10,000 a Month

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AnchorWatch Launches Nevada Trust Company, Caps Bitcoin Custody Fees at $10,000 a Month

Bitcoin Magazine

AnchorWatch Launches Nevada Trust Company, Caps Bitcoin Custody Fees at $10,000 a Month

Bitcoin custody and insurance firm AnchorWatch has said that its Nevada state-chartered trust company opened for business, offering qualified custody for fiduciaries, public companies, trusts and high-net-worth individuals.

AnchorWatch Trust Company, authorized by the Nevada Financial Institutions Division to act as a custodian, opened on Monday, according to AnchorWatch. 

The service is aimed at public companies holding BTC, a category that has expanded sharply as more corporations have added the asset to their balance sheets.

JUST IN: AnchorWatch Trust Company launches a Bitcoin custody service with up to $370 million in insurance per client 🚀

"Its clients include fiduciaries, public companies, trusts, and high-net-worth individuals requiring qualified bitcoin custody." — The Block pic.twitter.com/sxGL36ee7I

The company’s flagship differentiator is pricing: fixed-dollar annual fees tiered by vault size, capped at $10,000 per month, rather than the percentage-of-assets charges typical among qualified custodians. Once a client hits the cap, additional bitcoin purchases or price appreciation do not increase the annual fee.

“For large enterprises, the pricing cap will translate to potential six- or seven-figure annual savings for qualified custody,” the company said in its announcement.

ATC offers clients two qualified-custody models. Flagship Custody, where ATC holds the keys required for qualified custody while the client’s trustees or executives hold additional keys, and multi-institution custody, where key control is distributed across three institutions — AnchorWatch Trust Company, BitGo in the United States, and CoinCorner in the Isle of Man.

The multi-institution model addresses a growing concern among institutional bitcoin holders: concentration risk at a single custodian, an anxiety sharpened by past industry failures.


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