AnchorWatch obtains Nevada charter and opens to provide Bitcoin custody

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AnchorWatch obtains Nevada charter to provide Bitcoin custody services

BlockBeats News,October 19, according to The Block, AnchorWatch Trust Company officially opened this Monday, becoming a qualified Bitcoin custodian chartered in Nevada. The company told the media that the Nevada Financial Institutions Division has formally authorized it to provide custody services. Its target clients primarily include fiduciaries, publicly listed companies, trust institutions, and high-net-worth individuals requiring qualified Bitcoin custody services.

In terms of its fee model, AnchorWatch uses a fixed USD fee rate based on vault size, rather than charging a percentage of assets under custody, with monthly custody fees capped at 10,000 USD. This means that once a client's monthly fee reaches the cap, no additional custody costs will be incurred, whether through additional Bitcoin purchases or an increase in asset value due to appreciation of holdings.

With respect to key management and custody architecture, AnchorWatch offers institutional clients different options. Under its flagship model, AnchorWatch Trust Company holds the core key required for qualified custody, while allowing clients, fiduciaries, or executives to hold an additional key themselves. Under another distributed custody model, control of keys is distributed among multiple parties and jointly managed by AnchorWatch, U.S.-based BitGo, and Isle of Man-based CoinCorner, further reducing the risk of a single point of failure.

Original link https://m.theblockbeats.info/flash/372613

Key points

According to The Block, AnchorWatch Trust Company officially opened this Monday.
AnchorWatch said the Nevada Financial Institutions Division has authorized it to provide custody services.
Its target clients include fiduciaries, publicly listed companies, trust institutions, and high-net-worth individuals requiring qualified Bitcoin custody services.
Its fee structure uses a fixed USD fee rate based on vault size rather than charging a percentage of assets under custody, with monthly custody fees capped at 10,000 USD。
Under the flagship model, AnchorWatch holds the core key required for qualified custody, while clients, fiduciaries, or executives may additionally hold key.
Under the distributed custody model, keys are jointly managed by AnchorWatch, U.S.-based BitGo, and Isle of Man-based CoinCorner.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a custody service for Bitcoin holders. AnchorWatch offers key-management methods and sets a monthly fee cap; once the cap is reached, additional purchases or appreciation of holdings will not further increase custody fees.

Why it matters to readers

The services described in the report add a Bitcoin custody option for institutions, fiduciaries, and high-net-worth individuals; distributed key management is intended to reduce single-point-of-failure risk, while the fixed-rate cap makes maximum monthly costs clearer.

Beginners should focus on the following: a custodian safeguards the keys needed to control Bitcoin on behalf of clients, but it is important to consider the fee structure, who controls the keys, and whether the authorization can be verified.

Risks and unknowns

The evidence does not provide authorization documents or registration records from the Nevada Financial Institutions Division; the authorization status is primarily based on the company's statements to the media.
The evidence does not specify the actual number of clients, assets under custody, or service coverage.
The evidence does not provide independent confirmation from BitGo and CoinCorner of the joint-management arrangement.

AnchorWatch obtains Nevada charter and opens to provide Bitcoin custody

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