AnchorWatch Launches Bitcoin Custody Service: Monthly Fee Capped at $10,000, Coverage Up to $370 Million

A $10,000 monthly fee cap paired with up to $370 million in insurance coverage — this gap in the numbers is exactly what stands out most about how AnchorWatch has designed its new custody service.

AnchorWatch Trust Company recently obtained a trust charter in Nevada and officially launched its bitcoin custody service. According to publicly available information, the service's monthly fee is capped at no more than $10,000, regardless of a client's asset size. In other words, custody fees won't scale up in lockstep with the value of a client's bitcoin holdings — a fee structure that's relatively friendly toward clients holding large amounts of bitcoin.

Insurance, meanwhile, is offered on an opt-in basis, with AnchorWatch stating it can provide coverage of up to $370 million per client. This insurance is an optional add-on rather than a standard feature of the custody service, and the actual coverage amount and terms depend on each client's individual choice.

The materials only disclose the fee cap and coverage range — AnchorWatch has yet to release further details on the insurance underwriter, activation conditions, or actual fee tiers.