Chainlink Launches CustodySync With Anchorage to Connect Custody and DeFi Lending
(2 hours ago) · 1 source · Summarized by CryptoBipto
Chainlink has launched a product called CustodySync in partnership with Anchorage Digital, a federally chartered crypto bank. The tool is designed to bridge institutional custody services with decentralized finance (DeFi) lending protocols, allowing institutions to use custodied assets in DeFi without moving them out of secure custody.
WHY IT MATTERS
When large financial institutions like banks or asset managers hold crypto, they are often required by law to keep it with a trusted custodian — think of it like a highly secure vault.
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SOURCES
- newsbtc.com
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