BackedFi & Chainlink Just Launched xBridge: Your Tokenized Stocks Can Now Move Cross-Chain
Forget waiting for market hours. The walls between blockchains just got a whole lot thinner for your stock portfolio.
What's the Big Deal?
BackedFi and Chainlink have officially flipped the switch on xBridge, a new infrastructure piece designed for one job: moving tokenized real-world assets (RWAs)—like stocks and ETFs—seamlessly across different blockchain networks. It cuts out the traditional, clunky settlement delays, letting these digital versions of blue-chip stocks flow where the liquidity is, instantly.
How It Works (Without the Jargon)
Think of xBridge as a universal translator and escrow service for your tokenized Apple or Tesla shares. It uses Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its secure messaging layer. When you want to move assets, the bridge locks them on one chain and mints a corresponding representation on another. The entire process is automated and verified by decentralized oracle networks, bypassing the need for a trusted third party to hold the keys.
This isn't just a tech demo—it's a direct pipeline for institutional-grade assets to enter the DeFi ecosystem on their own terms, on whichever chain offers the best yields or lowest fees. It turns isolated pools of tokenized equity into a single, interoperable market.
The Bottom Line for Crypto
This move signals a massive acceleration for the RWA narrative. By solving the cross-chain problem for the most regulated, high-value assets, BackedFi and Chainlink aren't just building a bridge—they're laying down a highway for traditional capital. It makes the entire multi-chain landscape more valuable, as liquidity ceases to be trapped. Sure, it's another step toward making crypto useful for something other than speculative frenzy—though Wall Street will probably find a way to add a few basis points in "bridge facilitation fees" anyway.
The era of fragmented, chain-bound assets is ending. The race to host the world's stock market is now officially multi-chain.
How xBridge works and keeps tokens accurate
xBridge is designed to make tokenized stocks accessible across multiple blockchains. The tokens are completely backed on a 1:1 ratio with actual stocks or ETFs. As a result, they act exactly like stocks onchain, including dividend payments and stock performance, including handling events like dividend payouts or stock splits.
On Ethereum, balances adjust with an updatable multiplier, while Solana uses a system called Token2022 with automatic rebasing. These systems ensure that token balances reflect corporate actions even after crossing chains.
Yotam Katznelson, CTO and COO of Backed Finance, commented on the launch, stating, “With xStocks, we brought tokenized equities into DeFi permissionlessly, and now with xBridge, we are completing the loop: tokenized stocks can finally flow as freely as any other crypto asset.”
The bridge is already integrated with major cryptocurrency trading platforms, including Kraken, which acquired Backed Finance earlier this month. In the coming weeks, Backed Finance plans to add support for other blockchains like Mantle and TRON to make it easier for more users to access tokenized stocks and trade them where it is cheaper or faster.
Why xBridge matters for investors
Previously, tokenized stocks on Ethereum could not move to Solana, which kept liquidity and trading limited. Now, these tokens can flow freely between chains. The bridge automatically handles important corporate actions, which makes trading safer and more reliable for both retail and institutional users.
With this new tool, investors will be able to trade tokenized stocks safely and with confidence, providing them access to a new LAYER of blockchain-based financial markets.
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