#USA #Bybit #Dubai #Mantle #Backed

Mantle Partners with Bybit and Backed to Tokenize US Stocks

In a groundbreaking move, Mantle, a high-performance distribution and liquidity layer for Real-World Assets (RWAs), has entered a strategic partnership with Bybit and Backed. This collaboration aims to bring tokenized versions of U.S. stocks onto the blockchain, setting the stage for what could become the next trillion-dollar wave of tokenized assets. The project, referred to as xStocks, will provide users with 24/7 access to leading global assets directly within the Mantle ecosystem.

Overview of xStocks

With xStocks, users can engage with tokenized versions of prominent stocks such as NVDAx (NVIDIA), AAPLx (Apple), and MSTRx (MicroStrategy). This initiative seamlessly integrates traditional financial values with the composability of decentralized finance (DeFi). The partnership leverages Mantle's scalable blockchain infrastructure, Bybit's global exchange liquidity, and Backed's regulated tokenization framework to provide a comprehensive on-chain experience for traditional markets.

Bridging the Gap Between CEX and DeFi

At launch, Bybit will fully support deposits and withdrawals of xStocks through Mantle, enabling users to efficiently transfer their assets between Bybit and the Mantle network. This direct bridge between centralized exchanges (CEX) and DeFi simplifies onboarding and boosts liquidity while offering new opportunities for users and developers to engage in tokenized markets.

The xStocks tokens, issued by Backed in collaboration with regulated custodians, are fully backed by the underlying securities. Each token reflects a specific stock or asset, offering transparent, verifiable, and programmable engagement in leading global companies.

Emily Bao, Head of Spot at Bybit, commented on this revolutionary approach: “Tokenized equities redefine 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, providing accessible and innovative financial solutions to a global audience.”

Infrastructure for On-Chain Capital Markets

This integration is a significant milestone for Mantle, which is recognized as the largest ZK-Proof-based Layer 2 network on Ethereum. By combining a modular architecture, an advanced data availability layer, and a cost-effective environment, Mantle allows secure, scalable, and economical access to tokenized stocks, effectively merging TradFi, CeFi, and DeFi into a cohesive on-chain framework.

In the Mantle environment, tokenized stocks are more than just digital representations; they become programmable financial primitives. Creators and developers can leverage these assets to design innovative instruments that integrate real-world and crypto-assets into automated strategies, optimizing capital efficiency across ecosystems.

Emily Bao, a key advisor at Mantle, stated, “With Mantle's modular architecture and a leading tech stack, coupled with Bybit's infrastructure and reach, tokenized equities will become a fundamental building block for the next wave of on-chain financing. xStocks are a critical step in transforming traditional assets into composable components that can scale throughout the Mantle ecosystem and drive the decentralized economy.”

David Henderson, Head of Growth at Backed, emphasized the need for robust infrastructure: “It takes more than just tokenization to connect TradFi and DeFi; you need infrastructure and distribution. Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we are building the on-chain economy to not just absorb capital markets but enhance them.”

Expanding Mantle's RWA Ecosystem

This collaboration builds on Bybit's continuous support for the growing RWA ecosystem of Mantle, following recent initiatives that include:

• - Integration with Anchorage, which offers institutional custody for $MNT to expand global access.
• - Listing by Moomoo, making $MNT accessible alongside stocks, ETFs, and cryptocurrencies for U.S. retail investors.
• - Tokenization-as-a-Service (TaaS), providing institutions with a compliant end-to-end framework to tokenize and scale real assets on Mantle.
• - RWA Hackathons and Scholarships, fostering innovation and strengthening talent pipelines to accelerate compliant tokenization and institutional adoption.

Vision for Tokenized Markets

Mantle continues to expand its leading liquidity and distribution layer for tokenized assets. This initiative aligns with Mantle’s broader roadmap to increase RWA integrations and uncover new capital efficiencies and compatible DeFi strategies within its entire ecosystem.

The collaboration highlights Mantle's commitment to providing open, secure, and scalable access to tokenized assets, paving the way for broader participation in global trillion-dollar capital markets through blockchain technology. Note that xStocks are not available in the USA or for U.S. citizens due to geographical restrictions.

About Mantle

Mantle positions itself as the leading distribution layer and gateway for institutions and traditional finance to connect with on-chain liquidity and access real assets, facilitating financial flows in the real world. With over $4 billion in shared assets, Mantle combines credibility, liquidity, and scalability with institutional infrastructure to support widespread adoption. The ecosystem is anchored by $MNT within Bybit and is expanded through core projects such as mETH, fBTC, MI4, and others. This is complemented by Mantle Network's partnerships with leading issuers and protocols like Ethena USDe, Ondo USDY, OP-Succinct, and EigenLayer.

For more information about Mantle, visit mantel.xyz. For further social media updates, follow Mantle Official on X and the Mantle Community Channel.

About Backed

Founded in 2021, Backed is the leading issuer of compliant tokenized stocks and ETFs, including the innovative xStocks product line. Backed's products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana-based platforms. For more information, visit backed.fi.

About Bybit

Ranked as the second largest cryptocurrency exchange by trading volume, Bybit serves a global community of over 70 million users. Established in 2018, Bybit redefines openness in the decentralized world, creating a simpler, open, and inclusive ecosystem for everyone. With a strong focus on Web3, Bybit engages in strategic partnerships with leading blockchain protocols to provide robust infrastructure and advance on-chain innovations. Bybit is recognized for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, bridging the gap between TradFi and DeFi, empowering creators, developers, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at bybit.com. For media inquiries, contact [email protected]. Follow Bybit's communities and social media for updates across various platforms.