CoinCorner Launches Lloyd's-Insured Multisig Bitcoin Vault with AnchorWatch
CoinCorner has launched a multisig BTC custody vault with AnchorWatch, insured by Lloyd's of London, charging 1.5% annually.
Why it matters
The launch represents a new entry in the insured Bitcoin custody space, where demand for institutional-grade, non-self-custodial options has grown following high-profile exploits. If CoinCorner's claim of being the first globally is accurate, it signals a convergence of insurance and multisig custody that could pressure competitors to follow suit. However, the significance is limited given that only one outlet has covered the story so far.
Key facts
CoinCorner launched a multisig BTC custody vault splitting key control between CoinCorner and AnchorWatch.
Reported by Bitcoin Magazine
Lloyd's of London provides insurance for the vault holdings.
Reported by Bitcoin Magazine
The service charges 1.5% per year.
1.5 %Reported by Bitcoin Magazine
AnchorWatch is the US-based partner in the vault arrangement.
Reported by Bitcoin Magazine
Bitcoin deposited into a vault does not move into the insured wallet immediately; transfers typically happen on the first working day of the following month.
Reported by Bitcoin Magazine
CoinCorner CEO Danny Scott stated the vault offers simple non-technical setup with fully insured multi-signature custody.
Reported by Bitcoin Magazine
CoinCorner claimed it is the first service of its kind globally.
Reported by Bitcoin Magazine
What happened
British bitcoin exchange CoinCorner announced a multisig BTC custody service called Vault, splitting key control between the Isle of Man-based exchange and its US partner AnchorWatch, with holdings insured by Lloyd's of London. The service charges 1.5% per year and targets holders who want cold-storage security without managing hardware themselves, according to CoinCorner's announcement on Tuesday. Bitcoin deposited into a Vault does not move into the insured wallet immediately; transfers typically occur on the first working day of the following month, and holdings are verifiable on-chain via a wallet address CoinCorner provides. The service launch follows the Coldcard wallet hack, in which users of the single-signature device lost funds after a firmware bug led to weak seed generation, with about $115 million reportedly lost. CoinCorner CEO Danny Scott stated that the service offers a non-technical setup with fully insured multi-signature custody. CoinCorner also claimed it is the first service of its kind globally. Only one source, Bitcoin Magazine, reported on this story.
How the story developed
- Update
CoinCorner announces Lloyd's-insured multisig BTC vault with AnchorWatch
The Isle of Man exchange launched Vault, a custody service splitting key control with AnchorWatch and insuring holdings via Lloyd's of London at 1.5% annually.
- First report
First report by Bitcoin Magazine
CoinCorner Launches Lloyd’s-Insured Multisig Bitcoin Vault with AnchorWatch
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin Magazine Crypto media | CoinCorner Launches Lloyd’s-Insured Multisig Bitcoin Vault with AnchorWatch | Original |
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