AnchorWatch Launches Nevada Bitcoin Custody With $10,000 Monthly Fee Cap

AnchorWatch Trust Company began offering qualified custody for Bitcoin (BTC) under its Nevada trust charter Monday, Oct. 19, giving institutions and wealthy clients a fixed-dollar fee schedule capped at $10,000 a month.

The company bases custody charges on vault size rather than a percentage of assets held. The $10,000 cap sets the maximum monthly custody fee under that schedule. AnchorWatch also offers optional insurance.

The service targets fiduciaries, public companies, trusts and high-net-worth individuals seeking a qualified custodian for their Bitcoin. Its fixed-dollar pricing gives those clients a stated ceiling on the recurring custody charge.

The launch adds a Nevada-chartered custody option for those clients. In a separate arrangement, Morgan Stanley Bitcoin Trust uses two custody providers: Coinbase Custody Trust Company and BNY.