Backed and Chainlink Launch xBridge for Cross-Chain Tokenized Stocks Between Solana and Ethereum

Backed Finance, in collaboration with Chainlink, has officially unveiled the xBridge. This new infrastructure solution is designed to facilitate the seamless transfer of tokenized real-world assets (RWAs), specifically stocks, between the Solana and Ethereum blockchains. The xBridge leverages Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its secure foundational layer. This integration aims to enhance liquidity and accessibility for tokenized stocks, allowing assets like tokenized versions of Apple or Tesla shares to move across ecosystems. The development marks a significant step in bridging traditional finance with decentralized networks, expanding the utility of both Solana (SOL) and Ethereum (ETH).