Chainlink and Anchorage Launch CustodySync for DeFi Lending
The tool aims to connect assets held in custody with DeFi borrowing workflows, according to Chainlink and Anchorage.
Chainlink has introduced CustodySync, a product developed with crypto custodian Anchorage, to connect assets held in custody with DeFi lending. The announcement describes a workflow spanning collateral deposit, borrowing, repayment, and liquidation.
The product is presented as a way to link custody arrangements with DeFi loan processes. The source material did not include further technical details, launch timing, or specific asset support.
Workflow scope
- Collateral deposit as the entry point for a lending position
- Borrowing against assets associated with the custody setup
- Repayment and liquidation steps included in the described process
Custody providers and DeFi protocols have increasingly explored ways for holders to use assets in onchain lending without fully moving them out of custody. Chainlink is known for oracle and cross-chain infrastructure, while Anchorage is a regulated crypto custodian.