Backed teams up with Chainlink to launch xBridge, first cross-chain infrastructure for tokenized stocks
Key Takeaways Backed and Chainlink launched xBridge, enabling cross-chain transfers of tokenized stocks between Ethereum and Solana. xBridge preserves corporate actions like dividends and stock splits, enhancing accessibility and interoperability for tokenized equities. Share this article Backed, a leading provider of compliant tokenized equities and ETFs, best known for its xStocks product line, has teamed…
Zoomex Lab Sponsors Web3 Year-End Gala: Seoul 2025, Ushering in a “User-First” Payment Era for 2026
GRID will host the annual web3 Year-End Gala: Seoul 2025 on December 18 in Cheongdam-dong, Gangnam, with strategic sponsorship from global digital asset trading platform Zoomex Lab and support from Tencent Cloud and media partner Coinness. Themed “A Night of Innovation, Influence & Impact,” the Gala aims to connect Korea’s dynamic market with international trends,…
U.S. SEC Gives Implicit Nod for Tokenized Stocks
The U.S. Securities and Exchange Commission (SEC) implicitly granted approval for some stocks and other securities to be tokenized and traded on blockchains.The Depository Trust & Clearing Corp. (DTCC), the world’s largest securities settlement system, said on Thursday that a subsidiary, the Depository Trust Co. (DTC), received a no-action letter allowing it to offer a…
Top 3 Price Predictions for Bitcoin, Ethereum, and XRP in DEC 2025
The cryptocurrency market rose 2% in the last 24 hours, fueled by institutional adoption and Bitcoin’s accumulation signals. This growth follows the U.S. Federal Reserve’s recent interest rate cut. Analysts forecast a larger market recovery after the ups and downs in the short term subside. Bitcoin has been hovering above $92,000. Ether (ETH) is trading…
SEC Clears DTCC for Tokenization Services: 3 Altcoins Stand to Benefit
The Depository Trust & Clearing Corporation (DTCC) has received clearance from the US Securities and Exchange Commission to pilot a regulated tokenization service.This is a significant step toward bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). Furthermore, the initiative can likely benefit several assets in the cryptocurrency market.Sponsored SponsoredDTCC Receives SEC Nod…
