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

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

AnchorWatch Trust Company (ATC), authorized by the Nevada Financial Institutions Division to act as a custodian, opened on Monday, according to the company. Per its official announcement, ATC opens as a Nevada state-chartered qualified custodian for bitcoin. The service targets public companies holding BTC, a category that has expanded sharply as more corporations add the asset to their balance sheets. Qualified custody — holding assets through a regulated, chartered institution rather than on an exchange or via self-managed keys — is a designation fiduciaries and corporate treasurers look for when outsourcing key control, and state trust charters are one of the routes U.S. firms take to provide it.

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 — Bitcoin Magazine (@Magazine) October 19, 2026

https://x.com/BitcoinMagazine/status/2112201846702092411?ref_src=twsrc%5Etfw

Fixed Fees Capped at $10,000 a Month

The company's flagship differentiator is pricing. Rather than the percentage-of-assets charges typical among qualified custodians, ATC charges fixed-dollar annual fees tiered by vault size and capped at $10,000 per month. Once a client reaches the cap, additional bitcoin purchases or price appreciation do not increase the annual fee. Percentage-based custody fees rise with both the size of a treasury and the market value of its holdings, so a fixed-dollar cap turns a variable cost into a predictable one — the mechanism behind the company's savings estimate for the largest balances.

"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. Whether fixed-dollar caps spread across a custody market long organized around percentage fees is one of the clearer markers to watch among corporate bitcoin holders.

Two Qualified-Custody Models

ATC offers clients two qualified-custody models. The first, Flagship Custody, keeps the keys required for qualified custody with ATC, while the client's trustees or executives hold additional keys. The second, multi-institution custody, distributes key control 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. Distributing key control across independent institutions in different jurisdictions is designed so that no single firm holds sole control of a client's bitcoin.

Insurance in the Client's Name

Clients may also apply for insurance issued in the covered client's or entity's name — a structure AnchorWatch contrasts with policies held in the custodian's name, where coverage terms may leave ambiguity about the client's position in a claim. Under this arrangement, the client is the policyholder rather than a party relying on the custodian's own coverage. The insurance is provided by AnchorWatch and backed by A+ rated Lloyd's of London syndicates.

As a Lloyd's of London Coverholder — a firm authorized to underwrite policies on behalf of Lloyd's syndicates — AnchorWatch says it has authority to write up to $370 million in limits per ATC client. Policies cover the loss of bitcoin from perils including violent coercion and kidnapping, as well as losses arising from fraudulent acts by AnchorWatch itself. Coverage is subject to underwriting approval and policy terms.

Insurance is available to U.S.-domiciled companies and subsidiaries and to U.S.-resident individuals. Custody without insurance may be available across a broader range of jurisdictions, subject to KYC and AML requirements — a narrower footprint for the combined custody-plus-insurance package than for custody alone.

Track Record and Security Reviews

AnchorWatch's underlying custody platform, Trident Vault, has secured customer bitcoin for 20 months, according to the company. The platform has been audited or reviewed by security firms Halborn and Doyensec, and by the technical underwriters at the Lloyd's syndicates backing the policies.

AnchorWatch describes itself as a Bitcoin-native insurance and custody company; ATC is its Nevada state-chartered trust company arm. More information is available at AnchorWatch's website.

This article first appeared on Bitcoin Magazine and was written by Mathew Di Salvo.