AnchorWatch launches Nevada trust company with capped custody fees

AnchorWatch has opened a Nevada state-chartered trust company to provide bitcoin custody services, according to Bitcoin Magazine Markets and The Block. AnchorWatch Trust Company opened on October 19, 2026, after receiving authorization from the Nevada Financial Institutions Division. The service offers qualified custody for fiduciaries, public companies, trusts, and high-net-worth individuals. [1][2]

The trust company caps its monthly bitcoin custody fees at $10,000, as reported by Bitcoin Magazine Markets and The Block. Additionally, The Block reported that the company offers optional insurance coverage of up to $370 million per client. [1][2]

Bitcoin is a digital asset that uses cryptography to manage its creation and is primarily regarded as a store of value. The expansion of institutional custody comes as a growing number of corporate entities have added bitcoin to their treasury holdings. [1][9]

Separately, bitcoin traded near $82,393 on Monday after briefly slipping earlier in the month, according to Bitcoin Magazine. The coin has experienced choppy trading following fund outflows from spot exchange-traded products, though prices bounced off the $80,000 level, according to StoneX. [3][4]