Chainlink launches CustodySync with Anchorage for DeFi borrowing

Chainlink has introduced CustodySync with Anchorage Digital Bank as its launch partner, giving institutions a way to borrow from decentralized lending markets against assets held in qualified custody. Summary Chainlink has introduced CustodySync to connect institutional assets held in qualified custody with DeFi lending markets. Anchorage Digital Bank is the launch partner, using Atlas to manage collateral and loan operations. Transfer-restricted receipt tokens represent custodied collateral onchain, while Chainlink supplies matching prices to both systems. Appointed collateral agents handle liquidations, with CustodySync recording committed sale proceeds onchain before final settlement. Chainlink said in its Oct. 26 announcement that CustodySync connects custodians’ collateral systems with onchain lending markets, coordinating balances, prices, and loan activity throughout a loan’s life. Chainlink CustodySync connects custody records with lending markets In Chainlink’s design, Proof of Reserve publishes custody balances onchain, while a transfer-restricted receipt token represents the collateral inside the lending market. The token carries no claim on the underlying assets outside...