Backed and Chainlink Launch xBridge for Cross-Chain Tokenized Stocks

New Infrastructure Enables Tokenized Equities to Move Seamlessly Between Ethereum and Solana

Backed Finance has unveiled xBridge, a new cross-chain solution designed to allow tokenized stocks to move freely between Ethereum and Solana while preserving their real-world financial behavior. The launch marks a key step forward for onchain real-world assets, addressing one of the sector’s biggest challenges: maintaining consistency across blockchains.

xBridge enables transfers of xStocks, which are 1:1 backed by real-world equities or ETFs and engineered to mirror traditional market events such as stock splits, dividends, and corporate actions. The system is built using Chainlink’s Cross Chain Interoperability Protocol (CCIP ensuring that when assets move between networks, their economic characteristics remain intact.

On Ethereum, balances are adjusted using an updatable multiplier, while on Solana the tokens rely on automatic rebasing through Token2022 standards. Despite differing technical implementations, both approaches ensure holders experience identical outcomes tied to the underlying asset.

The bridge is currently live in pilot mode and already integrated with major crypto trading platforms. Backed plans to expand xBridge support to additional blockchains, including Mantle and TRON, in the coming weeks.

By allowing tokenized stocks to flow across chains without breaking their financial logic, xBridge moves RWAs closer to functioning like native crypto assets — composable, interoperable, and usable across decentralized finance ecosystems.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.