Mantle, Bybit, and Backed Unite to Revolutionize U.S. Equities with Tokenization
In a groundbreaking initiative set to reshape financial landscapes, Mantle has announced a strategic collaboration with Bybit and Backed to introduce tokenized U.S. equities onchain via the innovative xStocks platform. This partnership aims to offer 24/7 access to a variety of leading global assets directly within Mantle's ecosystem, providing users the opportunity to engage with tokenized versions of renowned stocks such as NVDAx, AAPLx, and MSTRx. By connecting traditional financial assets with the dynamic environment of decentralized finance, this collaboration is paving the way for a new era of investment possibilities.
At launch, Bybit will fully support deposits and withdrawals of xStocks through the Mantle network. This integration establishes a direct and efficient connection between centralized exchanges (CEX) and blockchain technology, enabling seamless asset transfers. The commitment to enhance liquidity and broaden opportunities is a key focus as both users and developers can now enjoy intuitive access to tokenized markets, fundamentally revolutionizing the trading experience.
The xStocks tokens, developed by Backed in association with regulated custodians, are meticulously structured to be fully backed by the corresponding underlying securities. Each xStocks token is designed to mirror a specific equity or treasury asset, ensuring transparent, verifiable, and programmable access to top global companies. As stated by Emily Bao, Head of Spot at Bybit, tokenized equities signify a transformative shift for traditional markets in their interactions with blockchain technologies. The ambition is clear: to create a unified, scalable platform that facilitates the thriving of real-world assets in the digital realm, while offering accessible financial solutions worldwide.
This collaboration marks a pivotal moment for Mantle, recognized as Ethereum's leading ZK proof-powered Layer 2 network. The architectural prowess of Mantle features modular designs, an advanced data availability layer, and low-fee infrastructure, which together foster secure, scalable, and cost-efficient access to onchain equities. In this environment, tokenized equities transcend mere digital representation; they evolve into programmable financial components.
Innovators and developers can harness these assets to engineer creative financial instruments, meshing real-world and cryptocurrency assets into automated investment strategies, all while optimizing capital efficiency across diverse ecosystems. As articulated by Emily Bao, the pairing of Mantle's versatile architecture with Bybit's expansive reach positions tokenized equities as fundamental elements for the forthcoming wave of onchain finance. The introduction of xStocks symbolizes a crucial stride toward transforming traditional assets into flexible components that adapt and scale within Mantle's robust framework, ultimately empowering the decentralized economy.
Furthermore, David Henderson, Head of Growth at Backed, emphasizes that merely tokenizing assets isn't sufficient; substantial infrastructure and distribution channels are equally critical to bridge traditional finance (TradFi) and decentralized finance (DeFi). He asserts that xStocks are crafted with composability in mind. The combined efforts of Mantle, Bybit, and Backed are setting the stage not just to integrate capital markets into the blockchain sphere but to enhance and elevate them.
As this collaboration unfolds, it also signifies Mantle's dedication to expanding its real-world asset (RWA) ecosystem. With supportive initiatives like Anchorage integration, which bolsters institutional-grade custody for $MNT, and the launch of Moomoo Exchange listing, which connects $MNT to retail investors alongside stocks and ETFs, the momentum is undeniable. Their ongoing efforts in offering Tokenization-as-a-Service (TaaS) empower institutions to utilize a compliant framework for the tokenization of RWAs while also fostering innovation through RWA Hackathons and scholarships.
Mantle's pursuit of building a premier liquidity and distribution layer for tokenized assets aligns seamlessly with its broader vision to unlock new capital efficiencies and simplify access to DeFi strategies. With this forward momentum, Mantle is paving the way for a more inclusive participation in the trillion-dollar global capital markets empowered by cutting-edge blockchain technology. However, it is crucial to note that xStocks are not available for U.S. citizens or within the United States due to geographic restrictions.
Mantle positions itself as a leading conduit for institutions and traditional finance to connect seamlessly with onchain liquidity and real-world assets. Backed by a community ownership of assets exceeding $4 billion, Mantle integrates credibility, liquidity, and robust infrastructure to cater to large-scale adoption. Anchored by $MNT in collaboration with Bybit, its ecosystem includes essential projects like mETH, fBTC, MI4, and more, alongside strategic partnerships with relevant issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct, and EigenLayer.
For further insights into Mantle, you can visit mantle.xyz.
Founded in 2021, Backed emerges as the premier issuer of compliant tokenized equities and ETFs, leading the forefront with the innovative xStocks product line. Backed's offerings include ERC-20 and SPL tokens that are compatible with Ethereum and Solana-based platforms, reinforcing their commitment to the tokenization space. Learn more at backed.fi.
As the second-largest cryptocurrency exchange globally by trading volume, Bybit caters to over 70 million users. Founded in 2018, Bybit is committed to enhancing decentralized finance by building a simpler and more equitable ecosystem. By prioritizing partnerships with leading blockchain protocols, Bybit offers robust infrastructure to facilitate innovation on-chain. Explore Bybit at Bybit.com.
At launch, Bybit will fully support deposits and withdrawals of xStocks through the Mantle network. This integration establishes a direct and efficient connection between centralized exchanges (CEX) and blockchain technology, enabling seamless asset transfers. The commitment to enhance liquidity and broaden opportunities is a key focus as both users and developers can now enjoy intuitive access to tokenized markets, fundamentally revolutionizing the trading experience.
The xStocks tokens, developed by Backed in association with regulated custodians, are meticulously structured to be fully backed by the corresponding underlying securities. Each xStocks token is designed to mirror a specific equity or treasury asset, ensuring transparent, verifiable, and programmable access to top global companies. As stated by Emily Bao, Head of Spot at Bybit, tokenized equities signify a transformative shift for traditional markets in their interactions with blockchain technologies. The ambition is clear: to create a unified, scalable platform that facilitates the thriving of real-world assets in the digital realm, while offering accessible financial solutions worldwide.
This collaboration marks a pivotal moment for Mantle, recognized as Ethereum's leading ZK proof-powered Layer 2 network. The architectural prowess of Mantle features modular designs, an advanced data availability layer, and low-fee infrastructure, which together foster secure, scalable, and cost-efficient access to onchain equities. In this environment, tokenized equities transcend mere digital representation; they evolve into programmable financial components.
Innovators and developers can harness these assets to engineer creative financial instruments, meshing real-world and cryptocurrency assets into automated investment strategies, all while optimizing capital efficiency across diverse ecosystems. As articulated by Emily Bao, the pairing of Mantle's versatile architecture with Bybit's expansive reach positions tokenized equities as fundamental elements for the forthcoming wave of onchain finance. The introduction of xStocks symbolizes a crucial stride toward transforming traditional assets into flexible components that adapt and scale within Mantle's robust framework, ultimately empowering the decentralized economy.
Furthermore, David Henderson, Head of Growth at Backed, emphasizes that merely tokenizing assets isn't sufficient; substantial infrastructure and distribution channels are equally critical to bridge traditional finance (TradFi) and decentralized finance (DeFi). He asserts that xStocks are crafted with composability in mind. The combined efforts of Mantle, Bybit, and Backed are setting the stage not just to integrate capital markets into the blockchain sphere but to enhance and elevate them.
As this collaboration unfolds, it also signifies Mantle's dedication to expanding its real-world asset (RWA) ecosystem. With supportive initiatives like Anchorage integration, which bolsters institutional-grade custody for $MNT, and the launch of Moomoo Exchange listing, which connects $MNT to retail investors alongside stocks and ETFs, the momentum is undeniable. Their ongoing efforts in offering Tokenization-as-a-Service (TaaS) empower institutions to utilize a compliant framework for the tokenization of RWAs while also fostering innovation through RWA Hackathons and scholarships.
Mantle's pursuit of building a premier liquidity and distribution layer for tokenized assets aligns seamlessly with its broader vision to unlock new capital efficiencies and simplify access to DeFi strategies. With this forward momentum, Mantle is paving the way for a more inclusive participation in the trillion-dollar global capital markets empowered by cutting-edge blockchain technology. However, it is crucial to note that xStocks are not available for U.S. citizens or within the United States due to geographic restrictions.
About Mantle
Mantle positions itself as a leading conduit for institutions and traditional finance to connect seamlessly with onchain liquidity and real-world assets. Backed by a community ownership of assets exceeding $4 billion, Mantle integrates credibility, liquidity, and robust infrastructure to cater to large-scale adoption. Anchored by $MNT in collaboration with Bybit, its ecosystem includes essential projects like mETH, fBTC, MI4, and more, alongside strategic partnerships with relevant issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct, and EigenLayer.
For further insights into Mantle, you can visit mantle.xyz.
About Backed
Founded in 2021, Backed emerges as the premier issuer of compliant tokenized equities and ETFs, leading the forefront with the innovative xStocks product line. Backed's offerings include ERC-20 and SPL tokens that are compatible with Ethereum and Solana-based platforms, reinforcing their commitment to the tokenization space. Learn more at backed.fi.
About Bybit
As the second-largest cryptocurrency exchange globally by trading volume, Bybit caters to over 70 million users. Founded in 2018, Bybit is committed to enhancing decentralized finance by building a simpler and more equitable ecosystem. By prioritizing partnerships with leading blockchain protocols, Bybit offers robust infrastructure to facilitate innovation on-chain. Explore Bybit at Bybit.com.
Topics Financial Services & Investing）
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