, and other investors. The infusion of capital will empower AnchorWatch to fulfill regulatory requirements and capital needs, paving the way for the launch of its Trident Vault software and the sale of insurance policies tailored for Bitcoin holders.
Trident Vault is a Bitcoin vault designed exclusively for commercial use. It streamlines remote team workflows, introduces key holder seniority, and features time-locked spending conditions, thereby enhancing compliance and governance on-chain. AnchorWatch achieves collaborative custody through two key mechanisms. Firstly, Trident Vault facilitates assisted custody by holding a minority of keys and implementing protocol-level governance and compliance. This method enhances security by dispersing custody across different physical locations and unrelated entities, mitigating risks from events like fires, floods, and theft by internal or external actors.
Jonathan Kirkwood, Managing Partner at Ten31, highlighted the significance of AnchorWatch's approach: “AnchorWatch is building both the technical infrastructure to advance bitcoin’s potential as programmable money and the credentialed legal/financial infrastructure for bitcoin to be held by commercial institutions via its insurance offerings.
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