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

Chainlink is enabling an alternative path for institutional funds to join the DeFi space without moving assets out of regulated custody. The company introduced CustodySync with Anchorage Digital Bank as its first partner, targeting institutions that want DeFi liquidity but still need qualified custody, internal controls and strict risk management. Traditional custody markets account for about $250 trillion, according to Chainlink, compared to an estimated $700 billion worth of digital assets in custody. Meanwhile, DeFi lending markets have over $30 billion in active locked-up loans and over $80 billion in deposits. Its purpose is to harmonize those two systems, CustodySync.