Chainlink launches CustodySync with Anchorage Digital Bank
Image: Crypto.newsChainlink launched CustodySync to connect institutional custody with decentralized finance lending markets. Anchorage Digital Bank serves as the launch partner for the new system. Meanwhile, large holders withdrew approximately $10.7 million worth of LINK tokens from exchanges. LINK traded near the $11 support level amid active bearish indicators on the daily chart.
Key points
- Chainlink introduced CustodySync to connect institutional assets in qualified custody with DeFi lending markets.
- Anchorage Digital Bank serves as the official launch partner for Chainlink CustodySync.
Why it matters
The CustodySync tool lets institutions borrow from decentralized finance markets using assets held in qualified custody without moving them away from regulated platforms.
Price context · LINK
At publication
$11.34
Now
$11.34
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
AMBCrypto
Tier 2
Chainlink launches CustodySync with Anchorage – But LINK is testing $11 support
Coverage timeline
- First reported by Crypto.news
- Also reported by AMBCrypto
- CryptoVideos brief published
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