AnchorWatch, an insurance company covering commercial organizations holding Bitcoin (BTC), announced that it has raised $ 3 million in funding from giant companies.
AnchorWatch Innovations for Bitcoin security
With this latest investment, AnchorWatch will be positioned to complete all regulatory and capital requirements to offer Trident Vault to customers and begin selling policies. Additionally, it will receive security audits from a range of competent firms, further cementing Trident Vault as a secure and viable storage solution for enterprise use.
Trident Vault is the first Bitcoin vault designed specifically for commercial use. Provides integration into distributed workflows for teams working remotely. It also introduces keyholder supremacy and time-locked spending requirements for institutional Bitcoin storage. Thus, it brings compliance and management into Blockchain.
We’re excited to announce the closing of our Seed Round fundraise!
This effort puts us in position to complete all regulatory and capital requirements needed to deliver Trident Vault to customers and start selling policies soon!https://t.co/Ft6hyTFCy7
— AnchorWatch (@AnchorWatch) September 26, 2023
“Bitcoin holders still face a binary choice between self-custody and third-party single-owner custody,” said AnchorWatch CEO Robert Hamilton. AnchorWatch makes having and keeping an anchor asset practical, safe, easy and secure.
Superior shared storage from AnchorWatch
AnchorWatch keeps keys in the minority thanks to Trident Vault. It also enables supported storage by adopting protocol-level management and compliance. Trident Vault allows Bitcoin to be stored in a method compatible with its technology.
Additionally, AnchorWatch has regular property insurance embedded for Bitcoin within the Trident Vault. This ensures that assets are insured in the event of disaster through regular and secured property insurance.
press releases
Jonathan Kirkwood, Ten31’s Managing Partner, stated the following about Bitcoin and the company in his statements:
AnchorWatch is building the technical infrastructure to advance bitcoin’s programmable money potential and the applicable legal/financial infrastructure for holding Bitcoin through commercial institutions.
AnchorWatch serves family fiduciaries, trusts, retirements, family and multi-family offices, BTC miners and mining pools, and all other businesses that hold Bitcoin. Trident Vault is particularly suitable for legacy and succession planning purposes. AnchorWatch is also an insurance provider that builds custom insurance products and technologies for Bitcoin. Ten31 is a leading platform that invests in companies that build infrastructure and technology in the Bitcoin ecosystem.
About AnchorWatch
AnchorWatch offers unique insurance services specifically for Bitcoin holders. This company, operating in America, offers a software storage solution called Trident Vault. This technology provides Bitcoin holders with assurance backed by high-quality insurance. AnchorWatch is recognized as one of the most innovative companies in the industry. cryptokoin.com We have included other prominent investment news of the day in this article.
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