Context. Dynamical models of Solar System evolution have suggested that the so-called P- and D-type volatile-rich asteroids formed in the outer Solar System beyond Neptune’s orbit and may be genetically related to the Jupiter Trojans, comets, and small Kuiper belt objects (KBOs). Indeed, the spectral properties of P- and D-type asteroids resemble that of anhydrous cometary dust. Aims. We aim to gain insights into the above classes of bodies by characterizing the internal structure of a large P- and D-type asteroid. Methods. We report high-angular-resolution imaging observations of the P-type asteroid (87) Sylvia with the Very Large Telescope Spectro-Polarimetric High-contrast Exoplanet REsearch (SPHERE) instrument. These images were used to reconstruct the 3D shape of Sylvia. Our images together with those obtained in the past with large ground-based telescopes were used to study the dynamics of its two satellites. We also modeled Sylvia’s thermal evolution. Results. The shape of Sylvia appears flattened and elongated (a/b ~1.45; a/c ~1.84). We derive a volume-equivalent diameter of 271 ± 5 km and a low density of 1378 ± 45 kg m⁻³. The two satellites orbit Sylvia on circular, equatorial orbits. The oblateness of Sylvia should imply a detectable nodal precession which contrasts with the fully-Keplerian dynamics of its two satellites. This reveals an inhomogeneous internal structure, suggesting that Sylvia is differentiated. Conclusions. Sylvia’s low density and differentiated interior can be explained by partial melting and mass redistribution through water percolation. The outer shell should be composed of material similar to interplanetary dust particles (IDPs) and the core should be similar to aqueously altered IDPs or carbonaceous chondrite meteorites such as the Tagish Lake meteorite. Numerical simulations of the thermal evolution of Sylvia show that for a body of such a size, partial melting was unavoidable due to the decay of long-lived radionuclides. In addition, we show that bodies as small as 130–150 km in diameter should have followed a similar thermal evolution, while smaller objects, such as comets and the KBO Arrokoth, must have remained pristine, which is in agreement with in situ observations of these bodies. NASA Lucy mission target (617) Patroclus (diameter ≈140 km) may, however, be differentiated.