Mantle, in collaboration with cryptocurrency exchange Bybit and tokenization firm Backed, has announced a strategic initiative to bring tokenized U.S. equities onchain through the xStocks platform. This partnership enables 24/7 access to leading global assets, such as tokenized versions of NVIDIA (NVDAx), Apple (AAPLx), and MicroStrategy (MSTRx), within the Mantle ecosystem.
The integration combines Mantle's scalable, ZK-proof-powered Layer 2 blockchain infrastructure with Bybit's global exchange liquidity and Backed's regulated tokenization framework. xStocks tokens are fully backed 1:1 by underlying securities, ensuring transparency and programmability for decentralized finance (DeFi) applications.
At launch, Bybit will support seamless deposits and withdrawals of xStocks via Mantle Network, simplifying user onboarding and enhancing liquidity. Emily Bao, Head of Spot at Bybit, emphasized, "Tokenized equities are redefining how traditional markets interact with blockchain technology," highlighting the platform's role in delivering innovative financial solutions.
This initiative builds on Mantle's broader real-world asset (RWA) momentum, including recent integrations like Anchorage for institutional custody, Moomoo Exchange listings for U.S. retail access, and Tokenization-as-a-Service (TaaS) for compliant asset scaling. The collaboration aims to unlock new capital efficiencies and composable DeFi strategies, though xStocks are not available in the U.S. due to geographic restrictions.
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