AnchorWatch has secured $3 million in seed funding to enhance bitcoin custody solutions and fulfill regulatory requirements for its innovative product, Trident Vault.
Information on the Target
AnchorWatch is an innovative company specializing in insurance and multi-institutional custody solutions tailored for bitcoin. Recently, it successfully secured a $3 million seed funding round, primarily led by Ten31, with additional investments from notable firms including Timechain, Axiom, UTXO Management, and the Bitcoin Opportunity Fund. This funding achievement reflects growing interest in more secure and reliable bitcoin management solutions.
The company's mission is to enhance the existing bitcoin custody models by introducing advanced technological frameworks and custodial services. With the infusion of capital, AnchorWatch aims to fulfill essential regulatory requirements while also developing its proprietary bitcoin custody software, known as Trident Vault, which is designed to enhance the safety and accessibility of bitcoin assets.
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Industry Overview in the Target’s Specific Country
The bitcoin and cryptocurrency industry has been experiencing substantial growth globally, with increased attention in the United States, where regulations are gradually evolving to acc
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Ten31
invested in
AnchorWatch
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $3M