Chainlink: Launches CustodySync solution, allowing institutional custody assets to directly participate in DeFi lending

According to Chainlink's official blog, Chainlink has officially launched the CustodySync solution, allowing qualified custodians to enable their institutional clients to participate in the DeFi lending market under the premise of asset retention custody. Anchorage Digital, a federally chartered digital asset bank in the United States, is the official launch partner.

This solution publishes custody balances on-chain through Chainlink Proof of Reserve and issues tokenized certificates representing custody assets with transfer restrictions as collateral in the lending market; the custodian and the lending protocol calculate the Loan-to-Value (LTV) based on the same price data from Chainlink Data Feeds and Data Streams, with the designated collateral agent executing sales when liquidation is triggered. Chainlink states that the current scale of digital asset custody is approximately $700 billion, with deposits in the DeFi lending market exceeding $80 billion and active loans over $30 billion.