Tokenized stocks Cross-Chain Bridge xBridge Ethereum Solana

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Backed and Chainlink have introduced a new cross-chain infrastructure for tokenized stocks that aims to mirror traditional market events across multiple blockchains. xBridge pilot connects Ethereum and Solana Backed, a leading provider of compliant tokenized equities and ETFs, has partnered with Chainlink to launch xBridge, described as the first cross-chain infrastructure purpose-built for tokenized stocks. The solution focuses on preserving corporate actions such as dividends, stock splits, and other events as assets move between blockchains. The system, powered by Chainlink CCIP, currently enables transfers of Backed’s xStocks between Ethereum and Solana. Moreover, the design ensures these instruments remain fully backed while accurately reflecting traditional stock behavior, even as they circulate across different networks. The bridge is already live in a pilot phase, with a broader rollout planned in the coming weeks. That said, the team has indicated that support for additional blockchains is on the roadmap, aiming to further enhance tokenized equities blockchain interoperability for both retail and institutional participants. Preserving corporate actions across chains According to Backed, xBridge ensures that actions such as dividends and stock splits are accurately mirrored across supported chains. This guarantees that stocks tokenized through its infrastructure behave consistently with their underlying traditional assets, regardless of where they are held or traded on-chain. In a statement, Yotam Katznelson, CTO and COO of Backed Finance, highlighted the technical effort behind the integration. “We have gone to incredible lengths to bring tokenized equities in the most secure way to both Solana and Ethereum, and now we’re finally connecting these ecosystems,” Katznelson said, underscoring the importance of maintaining corporate action fidelity across networks. The new bridge, he added, completes the loop by allowing tokenized equities to move between chains while keeping their traditional stock characteristics intact. However, the focus is not only on transfer mechanics but also on…