Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

AnchorWatch introduces Trident Vault, a new software to boost Bitcoin custody

EditorRachael Rajan
Published 09/26/2023, 01:19 PM
© Reuters.

Following a successful funding round led by Ten31, AnchorWatch has launched Trident Vault, a novel software solution designed to transform Bitcoin custody. The announcement came on Tuesday, marking a significant step forward in the commercial Bitcoin space.

AnchorWatch secured $3 million in the recent funding round. The company plans to use the fresh capital to bolster its commitment to providing secure, verifiable, and innovative solutions for Bitcoin owners and commercial institutions.

The new software, Trident Vault, addresses the binary choice issue often faced by Bitcoin owners. It offers dispersed custody and property insurance against catastrophic incidents at competitive rates. This development is expected to advance Bitcoin's potential as programmable money for commercial institutions.

The solutions brought forward by AnchorWatch cater to a diverse client base. By providing innovative approaches to Bitcoin custody, the company is serving the needs of various stakeholders in the commercial Bitcoin space.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.