Backed Finance, Chainlink unveil xBridge for Solana-Ethereum tokenized stocks

Backed Finance and Chainlink have launched xBridge, a new bridge designed to transfer tokenized stocks between the Solana and Ethereum blockchains, Coindesk reported. The bridge utilizes Chainlink's Cross-Chain Interoperability Protocol (CCIP) and is capable of tracking stock splits, dividends, and other corporate actions. Currently in a pilot phase, there are plans to expand support to other blockchains, including Mantle and Tron.