# Chainlink <> Backed

**Published by:** [Demether](https://paragraph.com/@demether/)
**Published on:** 2026-03-31
**Categories:** xstocks, xbridge, backed, chainlink, demether, crypto, rwa, stocks
**URL:** https://paragraph.com/@demether/xstocksxbridge

## Content

Two of our biggest partners - Chainlink and Backed (recently acquired by Kraken and creator of xStocks) recently came together to drive cross chain movement of tokenized stocks via a new product called xBridge! This is huge for RWAs. Why bother? Because different blockchain ecosystems have different opportunities for utility - ie use of the tokenized stocks - in other projects. It's like moving your money between banks to get the best interest rates for your savings. Except, it's not dollars (or stablecoins) you're moving, it's your stocks. Blockchains also tend to have very different communities - including the demographics of the users and their intent. So providing greater accessibility is a path to onboarding a bigger user base. Before the xBridge was created to move Backed's xStocks between Ethereum and Solana, this was a risky and complex affair. Secured by the decentralised nodes of Chainlink, assets can be moved with confidence. Finally, there is a bigger picture here - it incentivises the broadening of the ecosystem of how users can deploy and earn yield on tokenized stocks beyond Solana, which has dominated liquidity.

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