AnchorWatch launches Nevada-chartered bitcoin custody service with up to $370 million insurance coverage per client.
Regulation & Gov ·
AnchorWatch has launched a Nevada-chartered bitcoin custody service offering up to $370 million in insurance coverage per client, according to reporting on the development. The service represents an expansion of regulated custody infrastructure for bitcoin holders seeking institutional-grade safeguarding and protection against loss.
The custody offering combines state-level chartering with Lloyd's-backed insurance, establishing a framework that aims to address counterparty and operational risk in self-custody arrangements. The $370 million coverage ceiling per client positions the service within the institutional custody market, where insurance limits have become a key differentiator as bitcoin adoption among high-net-worth and corporate entities continues to grow.
Details remain limited regarding AnchorWatch's operational structure, fee schedule, and the specific underwriting criteria Lloyd's has applied to the insurance product. It is not yet clear whether the service will accept new clients immediately or what minimum deposit requirements, if any, apply to access the full coverage tier.