19 March 2024: AnchorWatch, which provides regulated insurance and institutional-grade custody services for bitcoin, has chosen Insly for its end-to-end insurance software requirements. It chose Insly due to its comprehensive, end-to-end solution and the team’s deep understanding of Bitcoin.
AnchorWatch is one of the first companies to offer a combined custody and insurance solution that protects holders’ digital assets. Its custody solution, Trident Vault, uses advanced Bitcoin smart contracts to distribute custody across multiple holders and physical locations, mitigating risks from events like fires, floods, and theft by internal or external actors. Secondly, AnchorWatch embeds regulated property insurance directly into Trident Vaults, ensuring that assets are covered in the event of loss.
Founded by Rob Hamilton and Becca Rubenfield, AnchorWatch aims to fill an important gap in the Bitcoin market, which has hindered its wider adoption. It caters to organisations such as family trusts, funds, pensions, family offices, and bitcoin miners, for whom watertight bitcoin insurance is essential.
The team chose Insly due to its robust back-office functionality, scalability, and ability to connect to its complex systems. The team was also attracted to Insly’s rapid product build functionality and open APIs, which will be critical to easing implementation and accelerating time to value.
“We’re in a pivotal year for Bitcoin, with numerous ETFs now approved and the price at all-time highs,” comments Rob Hamilton, CEO and Co-Founder of Anchorwatch. “A wider range of investors are now interested in holding Bitcoin; however, the lack of comprehensive insurance has always been a drawback. Anchorwatch now offers a viable solution and our partnership with Insly enables us to put the robust foundations in place to respond to growing demand and scale our business.”
Risto Rossar, CEO and founder of Insly, commented: “Anchorwatch has built a truly innovative business, which is a game-changer for the bitcoin market, opening the door to a much wider array of investors. Insly will give the company the secure and robust infrastructure to support its insurance and custody products and we’re excited to help it make its vision a reality.”
About Insly
Insly has provided full-cycle low/no-code insurance software for MGAs and insurance companies since 2013. Insly delivers a scalable solution for C-Suite employees and underwriters looking to launch and distribute new products. Additional services like accounting, reporting, and claims management tools further enhance the platform’s capabilities for streamlining and optimising insurance selling and admin processes. Find out more at insly.com
