BackedFi and Chainlink Launch xBridge: The Future of Tokenized Stocks is Here

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Key Highlights

  • Backed Finance and Chainlink have “graced” us with xBridge to move tokenized stocks between Ethereum and Solana. A digital revolution, really.
  • xBridge is powered by Chainlink’s CCIP, ensuring tokenized stocks mimic the glamour of real-world assets across blockchains. No surprises here, folks!
  • The bridge is live in pilot mode, integrated with Kraken, with promises of Mantle and TRON making an appearance soon. Because why settle for less?

Ah, the marvels of modern finance! Backed Finance, in a magnificent partnership with Chainlink, has gifted us with xBridge-an audacious cross-chain bridge that allows tokenized stocks to waltz between Ethereum and Solana, all the while keeping track of corporate actions like stock splits and dividends. Truly, a spectacle to behold.

Unveiled at Solana Breakpoint, this marvel is now live in pilot mode, ready to prove that tokenized stocks, dubbed xStocks, can be as dignified as their physical counterparts. The trick? Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which ensures that xStocks behave like the real stocks they so desperately wish to imitate. Even across blockchains, darling.

JUST ANNOUNCED: @BackedFi, the tokenization platform behind @xStocksFi, has partnered with Chainlink to power the newly launched xBridge.

Via CCIP, xBridge now enables transfers of xStocks’ 50+ tokenized stocks across Ethereum & Solana.

– Chainlink (@chainlink) December 12, 2025

This system promises that investors can now transfer tokenized equities across chains with the same flair and grace as moving their own fortune from one bank account to another-without ever losing sight of the underlying stocks or ETFs. It’s as safe as it is dazzling. Oh, the wonders of technology!

How xBridge Works and Keeps Tokens Accurate

Designed to elevate tokenized stocks to a level of accessibility no one dared dream, xBridge ensures that these tokens are backed 1:1 with the actual stocks or ETFs they represent. Thus, they behave just as one would expect them to-like real stocks. This includes all the drama of dividend payments and stock splits. It’s as if Wall Street met Silicon Valley at a lavish cocktail party.

On Ethereum, balances adjust with an updatable multiplier, while Solana employs the Token2022 system with automatic rebasing. These systems guarantee that token balances, even after crossing chains, reflect all those thrilling corporate events-dividends, splits, you name it.

Yotam Katznelson, CTO and COO of Backed Finance, eloquently put it: “With xStocks, we brought tokenized equities into DeFi permissionlessly, and now with xBridge, we complete the circle: tokenized stocks can flow as freely as any crypto asset.” If only we could all be so free, right?

The bridge has already made its mark with major cryptocurrency trading platforms, including Kraken, which was kind enough to acquire Backed Finance earlier this month. But wait, there’s more-plans to add support for Mantle and TRON will soon follow, because why restrict your options when you could have it all?

Why xBridge Matters for Investors

Before the advent of xBridge, tokenized stocks on Ethereum were trapped in their digital home, unable to cross over to Solana. A tragedy of liquidity, really. Now, these tokens can dance between chains, unencumbered. The bridge automatically handles the important corporate actions, ensuring that the trading experience is as smooth as a well-aged wine.

With xBridge, investors can trade tokenized stocks with the confidence of knowing their transactions are secure, precise, and as reliable as the rising sun. It’s time to embrace a new era of blockchain-based financial markets-one that doesn’t require a monocle to understand.

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2025-12-12 22:57