TL;DR
- Backed Finance and Chainlink launch xBridge, enabling tokenized stocks to move between Ethereum and Solana with accurate tracking of corporate actions.
- The system relies on Chainlink CCIP for consistent cross-chain behavior.
- The pilot is already active and expanding toward additional networks and major trading platforms, strengthening the rise of real-world assets in DeFi.
Backed and Chainlink introduce xBridge, a system connecting Ethereum and Solana for transferring tokenized stocks while maintaining full synchronization with underlying real-world events. The initiative expands access to real-world assets across open blockchain environments and strengthens the position of tokenized equities within decentralized markets.
JUST ANNOUNCED: @BackedFi, the tokenization platform behind @xStocksFi, has partnered with Chainlink to power the newly launched xBridge.https://t.co/LFxOcFbpoS
Via CCIP, xBridge now enables transfers of xStocks' 50+ tokenized stocks across Ethereum & Solana. pic.twitter.com/LluBeX5T19
— Chainlink (@chainlink) December 12, 2025
Cross-Chain Tokenized Stock Transfers Gain Momentum
The service operates with xStocks, tokens backed one to one by real shares or ETFs that reflect the underlying asset’s performance. This connection remains intact even after cross-chain transfers, supported by Chainlink CCIP, which validates data and coordinates updates.
Backed shows that tokenized equities no longer stay tied to a single chain. On Ethereum, balances adjust through an updatable multiplier. On Solana, Token2022 and automated rebasing handle the same functionality. Both systems ensure accurate balance updates after splits or dividend events and allow traders to manage exposure without operational hurdles.
The rollout appeared at Breakpoint, where the team emphasized how xBridge blends traditional finance with programmable liquidity. The pilot is active and connected to platforms that trade xStocks. Kraken, which recently acquired Backed, is among the first major exchanges integrating the system, boosting access and liquidity. Additional platforms testing support report that unified behavior across chains reduces reconciliation work and simplifies custody flows.
Expansion To New Networks And Deeper Integration
Backed is evaluating support for Mantle, TRON and other efficiency-focused blockchains. Interoperability allows issuers to avoid duplicating infrastructure and lets users maintain the same exposure across networks.
CCIP’s standardized framework reduces complexity and moves the sector away from custom bridging tools that often elevate operational risks. Developers following the pilot note that a unified messaging layer lowers integration costs and encourages experimentation with new tokenized instruments across emerging onchain markets.
The introduction of xBridge strengthens the advance of tokenized real-world assets in DeFi. Early test results show reliable update mechanisms, and market participants recognize the value of infrastructure that aligns traditional equities with onchain liquidity. Backed and Chainlink aim to expand features as volume increases and institutional integrations progress, supporting broader adoption among retail and professional traders worldwide.
