Chainlink launches CustodySync with Anchorage for DeFi borrowing
Photo: crypto.news
Chainlink has introduced CustodySync with Anchorage Digital Bank as its launch partner, giving institutions a way to borrow from decentralized lending markets against assets held in qualified custody. Chainlink has introduced CustodySync to connect institutional assets held in qualified custody with DeFi lending markets. Anchorage Digital Bank is the launch partner, using Atlas to manage collateral and loan operations. Transfer-restricted receipt tokens represent custodied collateral onchain, while Chainlink supplies matching prices to both systems. Appointed collateral agents handle liquidations, with CustodySync recording committed sale proceeds onchain before final settlement. Chainlink said in its Oct.
Also reported by The Defiant.
Source: crypto.news
