Chainlink Targets $700B Custody Market With CustodySync and Anchorage DeFi Access

5 hours ago 5

Rommie Analytics

Key Takeaways:

  • Chainlink introduced CustodySync, a new solution that connects loan markets in DeFi and qualified custody.
  • The launch partner is Anchorage Digital Bank, with institutional clients able to borrow collateral that stays in Anchorage.
  • According to Chainlink, there are approximately $700 billion of digital assets caged in custodians and could be directed toward onchain lending.