Bitcoin commercial entity insurance company AnchorWatch completed $3 million in financing, led by Ten31

Odaily Planet Daily News AnchorWatch, an insurance company that provides insurance for commercial entities holding Bitcoin, announced that it has received US$3 million in financing, led by Ten31, Axiom BTC, Timechain, Bitcoin Opportunity Fund, UTXO Management (the asset management department of Bitcoin Magazine and Bitcoin Conference organizer) and other institutions participated in the investment. Trident Vault software developed by AnchorWatch provides Bitcoin owners with a protocol-native custody solution backed by high-quality, regulated insurance. This latest investment will help AnchorWatch meet the regulatory and capital requirements needed to deliver Trident Vault to customers and start selling policies. In addition, AnchorWatch will undergo security audits by multiple qualified certification companies to further solidify Trident Vault's reliability as an enterprise hosting solution. It is reported that Trident Vault is the first Bitcoin vault designed for commercial use, introducing key holder qualifications and time-locked consumption conditions to achieve on-chain compliance and governance. Robert Hamilton, CEO of AnchorWatch, said that Bitcoin holders still face the choice of self-custody and third-party independent custody. Therefore, AnchorWatch supports custody by holding a small number of keys and employing protocol-level governance and compliance. (PR Newswire)