--- title: "AnchorWatch opens Nevada-chartered bitcoin custody with $370M insurance cap" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-anchorwatch-launches-nevada-trust-company-7d7703ba650e95" published: 2026-10-20T08:55:23.000Z updated: 2026-10-20T10:12:59.000Z indexable: true --- # AnchorWatch opens Nevada-chartered bitcoin custody with $370M insurance cap Attributed sources: [Bitcoin Magazine](), [The Block]() ## Key facts AnchorWatch said its Nevada state-chartered trust company opened for business, offering qualified bitcoin custody to fiduciaries, public companies, trusts and high-net-worth individuals. The firm caps custody fees at $10,000 per month and says it can write up to $370 million in insurance limits per client through Lloyd's of London coverholder authority. These are company statements reported by crypto media, not independently verified terms. Evidence strength: Multiple publishers, 2 publisher group(s) (Bitcoin Magazine, The Block); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.11% (difference from BTC 0.00 pp; 20/10/2026, 16:56 → 20/10/2026, 17:01, UTC+8; OKX · USDT); 1 hour: +0.08% (difference from BTC 0.00 pp; 20/10/2026, 16:56 → 20/10/2026, 17:58, UTC+8; OKX · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 16:55, UTC+8). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC+8) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.11% | +0.11% | 0.00 pp | 20/10/2026, 16:56 → 20/10/2026, 17:01 | OKX · USDT | | 1 hour | +0.08% | +0.08% | 0.00 pp | 20/10/2026, 16:56 → 20/10/2026, 17:58 | OKX · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC+8) | OKX · USDT / 20/10/2026, 16:55 | ## Claims and open questions - AnchorWatch said the Nevada Financial Institutions Division authorized its trust company to act as a custodian, and the service opened on a Monday, per Bitcoin Magazine. - Bitcoin Magazine reported that ATC charges fixed-dollar annual fees tiered by vault size, capped at $10,000 per month, so purchases or price appreciation past the cap do not raise the fee. - According to Bitcoin Magazine, AnchorWatch says it can write up to $370 million in insurance limits per ATC client as a Lloyd's of London Coverholder, backed by A+ rated Lloyd's syndicates, subject to underwriting approval and policy terms. - Whether the Nevada Financial Institutions Division has publicly confirmed the charter and its scope, which a regulator notice or filing would establish. - The actual number of clients and assets under custody at launch, which company disclosure or an independent audit would confirm. - The specific policy terms, exclusions and underwriting criteria behind the $370 million per-client insurance limit, which the Lloyd's syndicates or policy documents would confirm. ## Source evidence - [AnchorWatch Launches Nevada Trust Company, Caps Bitcoin Custody Fees at $10,000 a Month]() — Bitcoin Magazine; published 20/10/2026, 06:28; received 20/10/2026, 16:55 (UTC+8). - [AnchorWatch Trust Company launches bitcoin custody service with up to $370 million in insurance per client]() — The Block; published 19/10/2026, 23:00; received 20/10/2026, 16:59 (UTC+8). ## Recent BTC events and market reactions - [Reports: Strategy buys $22M in bitcoin, repurchases $193M in STRC]() — Published 19/10/2026, 20:30 (UTC+8) · Multiple publishers (2 publishers) · General news · 1h -0.20% - [Full coin archive]() ## Recent General news events on other coins - [SOL: Study evaluates geo-aware leader schedule proposal for Solana]() - [General news]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.