anchorThe leading insurance company specializing in protecting Bitcoin holdings for commercial entities announced a successful $3 million funding round today. The tour was led by her Ten31With notable participation from Axiom PTC, Bitcoin Magazine Fund, Time series, Bitcoin Opportunity FundAnd other investors. The capital infusion will enable AnchorWatch to meet regulatory requirements and capital needs, paving the way for the launch of the Trident Vault program and the sale of insurance policies tailored to Bitcoin holders.
AnchorWatch’s Trident Vault represents another innovative Bitcoin custody solution, combining protocol-native custody with high-quality regulated insurance coverage. This addresses a critical gap in the Bitcoin market, providing greater trust and security to Bitcoin owners.
Trident Vault is a Bitcoin vault designed specifically for commercial use. It streamlines remote team workflow, introduces keyholder seniority, and features time-bound spending conditions, thus enhancing on-chain compliance and governance.
“Bitcoin holders still face a binary choice between self-custodial and third-party custodians,” said Robert Hamilton, co-founder and CEO of AnchorWatch. “In the latter case, high-risk trading strategies, or worse, blatant fraudulent activities have led to huge losses for clients. Consequently, they are reluctant to rely on the holder of the trading key to deliver the promised services. AnchorWatch makes owning and holding bearer assets practical and secure.” Easy, secure and verifiable.
AnchorWatch achieves collaborative custody through two main mechanisms. First, Trident Vault facilitates powered custody by maintaining a small number of keys and implementing protocol-level management and compliance. This method enhances security by distributing guarding over different physical locations and unrelated entities, mitigating risks from events such as fires, floods, and theft by internal or external actors.
Second, AnchorWatch integrates regulated property insurance directly into Trident Vaults. This insurance ensures that assets are protected in the event of catastrophic incidents through regulated and guaranteed property insurance. Thanks to Trident’s advanced security, AnchorWatch can provide this insurance at competitive prices.
Jonathan Kirkwood, Managing Partner at Ten31, highlighted the importance of AnchorWatch’s approach: “AnchorWatch is building the technical infrastructure to advance Bitcoin’s potential as programmable money and the certified legal/financial infrastructure for Bitcoin that will be held by commercial institutions through their insurance offerings. This is a pivotal step “It aligns directly with our mission at Ten31 to establish Bitcoin as a viable enterprise asset, investing in companies at the forefront of innovation in the ecosystem.”
AnchorWatch serves a variety of clients, including family trusts, funds, annuities, family offices, bitcoin miners, and mining pools. Trident Vault is especially valuable for estate and inheritance planning purposes, serving estate attorneys, investment advisors, and technical advisors who oversee the Bitcoin custody needs of many clients.
AnchorWatch’s commitment to developing Bitcoin custody and security solutions places it at the forefront of the Bitcoin industry, ready to provide security and peace of mind to Bitcoin holders.
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