Chainlink and Anchorage Launch CustodySync for Custodied DeFi Borrowing

The significance here is structural rather than technical: by keeping collateral inside Anchorage's custody while Chainlink's feeds drive valuation, the arrangement tries to bridge the long-standing split between institutional custody and onchain credit. That matters most for custody providers and lending desks that have treated DeFi borrowing against held assets as operationally awkward, since margin and liquidation stay with the custodian rather than migrating to a protocol. The open questions are practical — whether shared price data proves sufficient for margin calls under stress, and how liquidation authority is exercised when custody and valuation sit with different parties. The absence of launch timing and fee terms leaves the commercial model unresolved.