Chainlink launches CustodySync with Anchorage – But LINK is testing $11 support

Chainlink has introduced CustodySync, a new institutional solution that connects traditional custodians with DeFi lending markets while keeping assets secure. The announcement marked another step towards bridging the gap between traditional financial institutions and decentralized lending platforms. Chainlink named Anchorage as its official launch partner and the first qualified custodian to adopt CustodySync. The solution could enable institutional users to utilize DeFi lending without moving their digital assets off the regulated custody. The initiative aimed to cover lending platforms in the DeFi space with more than $80 billion worth of assets and about $700 billion worth of custodied digital assets.