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Mantle Joins Forces with Bybit and Backed for Groundbreaking Blockchain Tokenization of U.S. Equities

In a significant leap towards integrating traditional finance with blockchain technology, Mantle has announced a strategic collaboration with Bybit and Backed. This partnership aims to bring tokenized U.S. equities to the blockchain through the launch of xStocks, thereby enabling global access to key financial assets around the clock.

Transforming the Financial Landscape with Tokenization

Tokenization has emerged as a pivotal innovation in finance, and this collaboration seeks to redefine how traditional equity markets interact with blockchain technology. With the introduction of xStocks, participants can gain exposure to tokenized versions of leading equity securities like NVDAx, AAPLx, and MSTRx. This initiative bridges conventional financial assets with the composability of decentralized finance (DeFi).

The integration combines Mantle’s scalable blockchain infrastructure with Bybit’s global trading liquidity and Backed’s regulatory tokenization framework. This synergy offers users a seamless on-chain experience for accessing traditional markets.

Enhanced User Experience and Liquidity

Upon the launch of xStocks, Bybit will extend its full support for deposits and withdrawals, facilitating a direct CEX (Centralized Exchange) to blockchain transition. This frictionless onboarding process not only enhances liquidity but also creates new opportunities for users and developers to engage with tokenized markets.

Each xStocks token, issued by Backed in collaboration with regulated custodians, is backed by the underlying equity securities, allowing for a transparent, verifiable, and programmable exposure to major global firms. This level of transparency has the potential to radically reshape investor confidence in tokenized assets.

A Milestone for On-Chain Capital Markets

This collaboration represents a critical milestone for Mantle, recognized as Ethereum's largest Layer 2 network powered by ZK proofs. By employing a modular architecture, advanced data availability, and a cost-effective environment, Mantle facilitates secure and scalable access to tokenized equities. The collaboration paves the way for a seamless integration of Traditional Finance (TradFi), Centralized Finance (CeFi), and DeFi within a unified on-chain framework.

The tokenized equities are positioned as more than mere digital representations; they are poised to evolve into programmable financial primitives. Developers can leverage these assets to innovate new tools, incorporate both real and crypto assets into automated strategies, and optimize capital efficiency across ecosystems.

Emily Bao, Bybit’s Head of Spot, stated, “Tokenized equities are redefining the way traditional markets engage with blockchain technology. Bybit proudly supports Mantle's vision of creating a unified platform where real-world assets thrive on-chain, delivering accessible and innovative financial solutions to a global audience.”

Building a Comprehensive On-Chain Infrastructure

David Henderson, Growth Lead at Backed, emphasized the necessity of more than just tokenization to bridge TradFi and DeFi. He mentioned, “Infrastructure and distribution are essential. Beyond accessibility, xStocks are designed to be composable. Together with Mantle and Bybit, we are constructing an on-chain economy that not only absorbs capital markets but enhances them.”

This partnership is built on Bybit’s ongoing support for Mantle’s expanding Real World Assets (RWA) ecosystem, which includes recent initiatives such as integrating institutional-grade custody for $MNT and launching a Tokenization-as-a-Service (TaaS) framework.

A Broader Vision for Tokenized Markets

As Mantle continues to solidify its position as a leading liquidity distribution layer for tokenized assets, this initiative aligns with its overarching goal to expand RWA integrations. By unlocking new capital efficiencies and composable DeFi strategies, the collaboration enhances Mantle's commitment to providing open, secure, and scalable access to tokenized assets. This opens the door to broader participation in the global capital markets, potentially valued in the trillions.

The xStocks are not available in the United States or to U.S. citizens, subject to geographical restrictions.

Conclusion

As Mantle paves the way for the next wave of tokenization in finance, the partnership with Bybit and Backed signifies a transformative moment in how traditional assets can interact within the blockchain realm. With over $4 billion in community-owned assets, Mantle is not just looking to innovate; it aims to redefine financial inclusion through the powerful capabilities of blockchain technology. This monumental collaboration promises to unlock new horizons in the financial sector, bringing tokenization mainstream and accessible to a global audience.

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