Backed teams up with Chainlink to launch xBridge, first cross-chain infrastructure for tokenized stocks
PositiveCryptocurrency

- Backed has partnered with Chainlink to launch xBridge, the first cross-chain infrastructure designed for tokenized stocks, which aims to facilitate the transfer of these assets between the Solana and Ethereum blockchains. This initiative is expected to significantly enhance cross-chain liquidity and accessibility for digital assets.
- The introduction of xBridge is a strategic move for Backed and Chainlink, as it positions them at the forefront of the evolving tokenized finance landscape, potentially attracting more users and investors to their platforms by improving interoperability and liquidity.
- This development reflects a growing trend in the cryptocurrency sector towards enhancing cross-chain capabilities, as various companies, including Coinbase, are also leveraging Chainlink's technology to improve asset transfers and liquidity across different blockchain ecosystems, indicating a broader shift towards a more interconnected financial infrastructure.
— via World Pulse Now AI Editorial System
