#USA #Bybit #Dubai #Mantle #Backed

Mantle Partners Up for a Breakthrough in U.S. Equities

In an era where digital assets are becoming an integral part of financial markets, Mantle, a high-performance distribution and liquidity layer for real-world assets (RWA), has partnered with Bybit and Backed to create a revolutionary platform for American equities. This strategic collaboration aims to bring tokenized U.S. stocks onchain through a new initiative called xStocks. This endeavor is seen as a pivotal move in leading the upcoming trillion-dollar wave of tokenized assets.

Transforming U.S. Equities into Onchain Assets

With xStocks, investors will have seamless access to tokenized versions of major stocks like NVDAx and AAPLx, amalgamating traditional financial markets with decentralized finance's composability. By leveraging the scalable blockchain infrastructure of Mantle along with Bybit's global market liquidity and Backed's regulated tokenization framework, this collaboration aspires to deliver a complete onchain experience that connects real-world assets with blockchain technology.

Upon launch, Bybit will fully support the deposit and withdrawal of xStocks via Mantle. This immediate connection between centralized exchanges (CEX) and decentralized finance (DeFi) will simplify the onboarding process, boost liquidity, and present new opportunities for both users and developers to engage with tokenized markets effectively.

A New Era for Traditional Markets

The xStocks tokens, issued by Backed in partnership with regulated custodians, are entirely backed by their underlying assets, allowing for transparent, verifiable, and programmable access to leading companies worldwide. Emily Bao, Bybit’s Head of Spot, commented, "Tokenized stocks are redefining how traditional markets interface with blockchain technology. Bybit stands firmly behind Mantle's vision for an integrated platform where real-world assets can thrive onchain--offering innovative and accessible financial solutions to a global audience."

This integration marks a significant milestone for Mantle, which is already recognized as the leading ZK proof-powered Layer 2 network on Ethereum. By unifying a modular architecture, an advanced data-availability layer, and a cost-efficient environment, Mantle can provide secure access to tokenized stocks while merging TradFi, CeFi, and DeFi within a single framework.

Building Infrastructure for Onchain Capital Markets

At its core, tokenized stocks are more than just digital representations of assets; they serve as programmable financial primitives. This opens the door for builders and developers to create innovative financial instruments that integrate real and crypto-assets within automated strategies, optimizing capital efficiency in various ecosystems. As Emily Bao, Key Advisor at Mantle, indicates, "With Mantle's modular architecture and top-tier technology stack, combined with Bybit's infrastructure, tokenized stocks are set to become a fundamental building block for the next wave of onchain finance."

David Henderson, Head of Growth at Backed, emphasized that merely tokenizing assets isn’t enough to merge TradFi and DeFi; effective infrastructure and distribution are essential. According to him, "Besides accessibility, xStocks are designed for composability. Together with Mantle and Bybit, we are cultivating the onchain economy that not only incorporates capital markets but enhances them."

Accelerating Momentum in the RWA Ecosystem

This partnership builds on Bybit's continuous support for Mantle's expanding RWA ecosystem, highlighted through various initiatives. These include:

• - Integration with Anchorage to provide institutional custody for $MNT, thereby extending global access.
• - Listing on Moomoo Exchange, making $MNT available to U.S. retail investors alongside equities, ETFs, and crypto.
• - Offering Tokenization-as-a-Service (TaaS) to provide compliant frameworks for institutions looking to tokenize and scale real-world assets on Mantle.
• - Launching RWA hackathons and fellowships to foster innovation and enhance talent pipelines, thereby accelerating compliant tokenization and institutional adoption.

Championing Tokenized Markets

As Mantle advances towards establishing a premier layer for liquidity and distribution of tokenized assets, this initiative aligns with the broader roadmap to expand RWA integrations. The collaboration is determined to unlock new capital efficiencies and composable DeFi strategies in the Mantle ecosystem, paving the way for broader participation in the multi-trillion-dollar global capital markets—all through the power of blockchain technology.

Important Note: xStocks are not available in the U.S. or to American citizens due to geographical restrictions.

About Mantle

Positioning itself as the leading distribution layer and gateway for institutions and TradFi to access onchain liquidity, Mantle strengthens how real-world finances operate. With over $4 billion in community ownership, Mantle combines credibility, liquidity, and scalability with institutional-grade infrastructure to support widespread adoption. The ecosystem supports core projects, including mETH, fBTC, and MI4, among others.

For more information about Mantle, visit mantle.xyz. Follow them for social updates on Mantle Official X or join their community channels.

About Backed

Founded in 2021, Backed has emerged as the frontrunner in issuing tokenized stocks and ETFs, highlighted by the innovative xStocks product line. Their products are ERC-20 and SPL tokens that maintain compatibility with Ethereum and Solana-based platforms. More information can be found at backed.fi.

About Bybit

Bybit stands as the world's second-largest cryptocurrency exchange by trading volume, catering to over 70 million users globally. Founded in 2018, the platform is reshaping openness in decentralized finance—creating a straightforward, open, and equitable ecosystem. Bybit focuses on Web3 by strategically collaborating with leading blockchain protocols to foster robust infrastructure and on-chain innovation. Discover decentralized finance's future at Bybit.com.