KEY TAKEAWAYS
- Mantle collaborates with Bybit and Backed to bring tokenized U.S. equities onchain, enhancing access to global assets.
- The xStocks initiative connects traditional financial assets with DeFi, leveraging Mantle’s blockchain, Bybit’s liquidity, and Backed’s tokenization framework.
- Bybit supports xStocks with seamless CEX to chain integration, facilitating efficient asset movement and liquidity.
- Mantle’s infrastructure enables secure, scalable access to tokenized equities, merging TradFi, CeFi, and DeFi.
Mantle, a high-performance distribution and liquidity layer for real-world assets, has announced a strategic collaboration with Bybit and Backed to bring tokenized U.S. equities onchain. This initiative, unveiled here, aims to enable 24/7 access to leading global assets directly within the Mantle ecosystem through a new offering called xStocks.
Through xStocks, users can gain exposure to tokenized versions of leading equities such as NVDAx, AAPLx, and MSTRx. This initiative seamlessly connects traditional financial assets with the composability of decentralized finance (DeFi). The collaboration leverages Mantle’s scalable blockchain infrastructure, Bybit’s global exchange liquidity, and Backed’s regulated tokenization framework to deliver a fully onchain experience for traditional markets.
Seamless Integration Between CEX and DeFi
At launch, Bybit will provide full support for deposits and withdrawals of xStocks via Mantle, allowing users to move assets between Bybit and the Mantle Network efficiently and securely. This direct centralized exchange (CEX) to chain bridge simplifies onboarding, drives liquidity, and opens new opportunities for both users and developers to engage with tokenized markets.
xStocks tokens, issued by Backed in partnership with regulated custodians, are fully backed 1:1 by their underlying securities. Each token mirrors a specific equity or treasury asset, offering transparent, verifiable, and programmable exposure to leading global companies.
Emily Bao, Head of Spot at Bybit, stated, “Tokenized equities are redefining how traditional markets interact with blockchain technology. Bybit is proud to support Mantle’s vision of creating a unified, scalable platform where real-world assets can thrive onchain, delivering accessible and innovative financial solutions to a global audience.”
Building the Infrastructure for Onchain Capital Markets
This integration marks a significant milestone for Mantle, Ethereum’s largest zero-knowledge (ZK) proof-powered Layer 2 network. By combining a modular architecture, advanced data availability layer, and low-fee environment, Mantle enables secure, scalable, and cost-efficient access to tokenized equities. This development seamlessly converges traditional finance (TradFi), centralized finance (CeFi), and DeFi within a unified onchain framework.
On Mantle, tokenized equities become programmable financial primitives. Builders and developers can leverage these assets to design innovative instruments, integrate real-world and crypto assets into automated strategies, and optimize capital efficiency across ecosystems.
Emily Bao, Key Advisor at Mantle, commented, “With Mantle’s modular architecture, premium technology stack, and Ethereum-grade security, combined with Bybit’s infrastructure and reach, tokenized equities are set to become a foundational building block for the next wave of onchain finance.”
David Henderson, Head of Growth at Backed, added, “It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution. Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them.”
It is important to note that xStocks are not available in the U.S. or to U.S. citizens, with geographic restrictions applying.
Why This Matters: Impact, Industry Trends & Expert Insights
Mantle’s collaboration with Bybit and Backed to tokenize U.S. equities onchain through xStocks represents a significant step in merging traditional finance with blockchain technology.
Recent industry reports indicate that tokenized equities are experiencing rapid growth, driven by mature blockchain infrastructure and increasing institutional adoption. This aligns with Mantle’s initiative to provide 24/7 access to tokenized equities, enhancing liquidity and accessibility in global markets.
A report by Naapbooks highlights how blockchain is transforming traditional finance by improving transparency, security, and efficiency. This supports the impact of Mantle’s integration, which aims to streamline transactions and expand access to financial markets.
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