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Backed Adopts Chainlink Standard

Twitter icon  •  Published 1 day ago  •  Hassan Maishera

On Monday, Chainlink announced via X that Backed, a real-world tokenized assets platform, has adopted the Chainlink standard.

On Monday, Chainlink announced via X that Backed, a real-world tokenized assets platform, has adopted the Chainlink standard. With the Chainlink standard for cross-chain interoperability now live on Backed, it enables the transfer of bTokens across five chains (Polygon, Gnosis, Ethereum, Arbitrum, and Avalanche. 

Backed is now leveraging CCIP, PoR, & Data Feeds to level up its tokenized RWAs with increased utility, liquidity, and interoperability. By expanding cross-chain access, Backed will be enhancing liquidity and usability, making its tokenized assets even more versatile and connected across leading blockchain platforms.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 25% over the past 24 hours, trading at $24.98.

 

Next article Backed, Sonic and Chainlink Collaborate with Fortlake for Landmark Fund Tokenization

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.