Backed teams up with Chainlink to launch xBridge, first cross-chain infrastructure for tokenized stocks

Backed, known for its xStocks tokenized equities, has partnered with Chainlink to launch xBridge, the first cross-chain infrastructure designed to move tokenized stocks between blockchains like Ethereum and Solana while accurately preserving corporate actions such as dividends and stock splits. Powered by Chainlink CCIP, xBridge ensures that tokenized equities maintain their traditional stock characteristics across chains. The bridge is currently in a pilot phase, with plans for a full rollout soon and expansion to more blockchains. This development aims to create a unified, secure, and globally connected market for real-world assets.

(Source：Crypto Briefing)