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CoinCorner launched Vault, an insured multi-signature Bitcoin custody service underwritten by Lloyd’s of London in partnership with U.S. firm AnchorWatch. The Isle of Man-based exchange splits customer keys between itself and AnchorWatch, requiring both parties to authorize transactions and reducing single-point failure risk. The service charges a 1.5% annual fee and targets users seeking cold-storage security without managing hardware wallets themselves.
Vault was introduced following a recent Coldcard wallet exploit that led to about $115 million in Bitcoin losses from single-signature wallets. Unlike traditional exchanges where the platform holds keys alone, this structure gives neither CoinCorner nor AnchorWatch independent control over funds, with time-locked scripts as a backup if a key is lost. Holdings are verified on-chain via a provided wallet address, though transfers into the insured wallet typically occur on the first working day of the following month.
CoinCorner has operated as a Bitcoin platform since 2014, expanding beyond exchange services into e-money accounts and Bitcoin-backed loans. The Vault product reflects a broader shift toward insured custody solutions as demand grows for safer storage options amid rising crypto thefts in 2026.