AnchorWatch Opens Bitcoin Custody With Up to $370M in Insurance
Photo: TokenPost
AnchorWatch Trust Company opened a Bitcoin (BTC) custody service on Oct. 19, offering eligible clients optional insurance coverage of up to $370 million per client. That figure is the maximum coverage the company may write for a trust service client. Each policy requires underwriting approval and is subject to its terms, limits and exclusions. Eligible clients include U.S. residents, companies domiciled in the United States and those companies’ U.S.-domiciled subsidiaries. Lloyd’s of London syndicates back policies that name each covered client as the insured. Clients can choose between two custody structures.
Source: TokenPost
