Overview
- xBridge is live in pilot and enables transfers of Backed’s 1:1‑backed xStocks between Ethereum and Solana.
- Chain-specific mechanics keep balances aligned to corporate actions, using Token2022 with automatic rebasing on Solana and an updatable multiplier on Ethereum.
- Backed says more than 50 tokenized equities can move across chains through the new bridge.
- Backed plans to add Mantle, TRON and other networks during a full rollout in the coming weeks.
- Backed notes xStocks already trade on multiple platforms, and recent coverage highlights Kraken’s acquisition of the company earlier this month.