xPort allows funds and institutions to convert holdings into xStocks directly, exporting funds from traditional markets to the blockchain.
Tokenised stocks issuer Backed announced the launch of xPort, a new tokenisation engine that creates a direct mechanism for funds, market makers, and institutions to convert existing equity holdings into their tokenised xStock counterparts, opening a clear path to onboard trillions in assets.
xPort is powered by a new integration designed in tandem with brokerage infrastructure API platform Alpaca, and streamlines issuance and redemption by “importing” tickers into the blockchain and “exporting” tokens.
“With direct institutional onboarding, Backed is opening the door to deeper liquidity and a more connected market landscape.” said Yoshi Yokokawa, CEO and Co-founder of Alpaca.
The xPort system operates by establishing a direct, secure integration between Alpaca’s brokerage and custody platform and Backed’s tokenisation engine. This allows Backed’s onboarded clients to use their off-chain shares directly as collateral to mint xStocks.
The product has seen broad adoption through Solana, Ethereum, and Mantle.
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