{"id":23704,"date":"2023-09-26T16:53:08","date_gmt":"2023-09-26T16:53:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/anchorwatch-closes-3-million-funding-round-led-by-ten31\/"},"modified":"2023-09-26T16:53:08","modified_gmt":"2023-09-26T16:53:08","slug":"anchorwatch-closes-3-million-funding-round-led-by-ten31","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/anchorwatch-closes-3-million-funding-round-led-by-ten31\/","title":{"rendered":"AnchorWatch closes $3 million funding round led by Ten31"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695745370592-5354d8f7-1e5f-48a9-8d0c-bf780ebf0094-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695745370592-5354d8f7-1e5f-48a9-8d0c-bf780ebf0094-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695745370592-5354d8f7-1e5f-48a9-8d0c-bf780ebf0094-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695745370592-5354d8f7-1e5f-48a9-8d0c-bf780ebf0094-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Crypto insurance provider AnchorWatch has announced a $3 million round led by investment firm Ten31.<\/li>\n<li dir=\"ltr\">AnchorWatch offers Trident Vault, a protocol native custody solution for commercial entities holding Bitcoin.<\/li>\n<li dir=\"ltr\">The platform will use the funding to undertake key regulatory and capital requirements.<\/li>\n<\/ul>\n<p dir=\"ltr\">AnchorWatch, a US-based provider of bespoke insurance products for commercial entities that hold <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a>, has closed a $3 million seed round led by Ten31, a firm that invests in companies and platforms building Bitcoin-focused infrastructure.<\/p>\n<p dir=\"ltr\">The round attracted participation from <em>Bitcoin Magazine<\/em>\u2019s UTXO Management, Axiom BTC, Timechain, and Bitcoin Opportunity Fund among others.<\/p>\n<h2 dir=\"ltr\">Building a protocol native custody solution<\/h2>\n<p dir=\"ltr\">AnchorWatch revealed in a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/anchorwatch-raises-3m-to-solidify-bitcoin-custody-and-insurance-platform-301938468.html\" rel=\"noopener noreferrer\" target=\"_blank\">press release<\/a> on Tuesday that it will use the capital injection to \u201ccomplete all regulatory and capital requirements.\u201d This is part of the company\u2019s effort to bring Trident Vault, a protocol-native custody solution meant for Bitcoin owners, to the market.<\/p>\n<p dir=\"ltr\">\u201c<em>AnchorWatch is building both the technical infrastructure to advance bitcoin\u2019s potential as programmable money and the credentialed legal\/financial infrastructure for bitcoin to be held by commercial institutions via its insurance offerings<\/em>,\u201d Jonathan Kirkwood, managing partner at Ten31, said in a statement.<\/p>\n<p dir=\"ltr\">According to him, the investment in AnchorWatch is \u201ca pivotal step\u201d that aligns with Ten31\u2019s mission of establishing Bitcoin as a practicable institutional asset.<\/p>\n<p dir=\"ltr\">Trident Vault \u00a0is backed by regulated insurance and AnchorWatch\u2019s plan is to start selling policies to customers in due course.<\/p>\n<p dir=\"ltr\">As part of its product development, AnchorWatch will allow credentialed firms to undertake security audits of Trident Vault to ensure it is enterprise-ready. Among main features of this BTC vault are layered security and regulated property insurance, with holder seniority and time-locked spending for compliance and on-chain governance.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/anchorwatch-raises-3-million-in-seed-round-led-by-ten31\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Crypto insurance provider AnchorWatch has announced a $3 million round led by investment firm Ten31. AnchorWatch offers Trident Vault, a protocol native custody solution for commercial entities holding Bitcoin. The platform will use the funding to undertake key regulatory and capital requirements. AnchorWatch, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23704"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23704"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23705"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}