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Crypto & Bitcoin

Chainlink Launches CustodySync With Anchorage to Link Custody and DeFi Loans

Reported by NewsBTC

Image: NewsBTC

TL;DR: Chainlink describes a workflow spanning collateral deposit, borrowing, repayment and liquidation. Keeping assets in custody does not automatically remove smart-contract, oracle, liquidation or legal-enforcement risk. Chainlink announced CustodySync on October 26 with Anchorage Digital as its initial partner. The service aims to synchronize information between qualified custodians and decentralised lending protocols, allowing eligible institutions to borrow against assets while retaining their existing custody arrangements. The most concrete starting point is the dated disclosure from Chainlink. It offers a specific basis for assessing Chainlink CustodySync’s institutional lending model without turning the story into unsupported price speculation.

This is an excerpt. The reporting belongs to NewsBTC.

Read the full report on newsbtc.com
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