#USA #Bybit #Dubai #Mantle #Backed

Mantle's Collaboration with Bybit and Backed to Revolutionize Asset Tokenization

In a groundbreaking partnership, Mantle, a high-performance distribution and liquidity layer for real-world assets (RWA), has joined forces with Bybit and Backed. The aim? To seamlessly integrate U.S. equities on-chain via the innovative xStocks platform. This initiative is poised to unlock a new wave of trillion-dollar tokenized assets, offering round-the-clock access to major global securities within the Mantle ecosystem.

The Power of xStocks

Through xStocks, users gain exposure to tokenized versions of prominent stocks such as NVDAx, AAPLx, and MSTRx. This integration bridges traditional financial assets with the composability of decentralized finance (DeFi). By combining Mantle's scalable blockchain infrastructure, Bybit's global exchange liquidity, and Backed's regulated tokenization framework, the partnership delivers a fully on-chain experience for traditional markets.

Seamless Integration Between CEX and DeFi

Upon launch, Bybit will provide robust support for deposits and withdrawals of xStocks through Mantle. This direct bridge between centralized exchanges (CEX) and blockchain enhances liquidity and simplifies user experience, allowing assets to flow efficiently between Bybit and the Mantle network. The xStocks tokens, issued by Backed in collaboration with regulated custodians, are entirely backed by their underlying securities. Each token represents a specific stock or treasury asset, offering transparent, verifiable, and programmable exposure to leading global firms.

Emily Bao, Bybit's Head of Cash Management, emphasizes, "Tokenized stocks redefine the interaction between traditional markets and blockchain technology. Bybit is proud to support Mantle's vision of creating a scalable, unified platform where real-world assets can thrive on-chain, providing accessible and innovative financial solutions for a global audience."

Infrastructure for On-Chain Capital Markets

This collaboration marks a significant milestone for Mantle, recognized as the largest Layer 2 network for Ethereum powered by zero-knowledge proofs (ZK). By combining modular architecture, advanced data availability layers, and a low-cost environment, Mantle facilitates secure and cost-effective access to tokenized equities. It effectively merges traditional finance (TradFi), centralized finance (CeFi), and decentralized finance (DeFi) within a cohesive on-chain framework.

In the Mantle ecosystem, tokenized equities transcend simple digital representations, evolving into programmable financial primitives. Developers and creators can leverage these assets to design innovative instruments, integrating real and crypto assets into automated strategies while enhancing capital efficiency across ecosystems.

"With Mantle's modular architecture, top-tier technology stack, and Ethereum-level security, combined with Bybit's robust infrastructure, tokenized equities stand ready to be a fundamental building block for the next wave of on-chain finance," adds Emily Bao, a key advisor at Mantle. "xStocks represents a crucial step in transforming traditional assets into composable building blocks that extend throughout the Mantle ecosystem and power the decentralized economy."

Advancing the RWA Momentum with Mantle

This initiative reflects Bybit's ongoing commitment to Mantle's expanding RWA ecosystem, following recent advancements like:

• - Integration with Anchorage for institutional-grade custody of $MNT, enhancing global access.
• - Partnership with Moomoo Exchange, introducing $MNT to retail investors in the U.S. alongside stocks, ETFs, and cryptocurrencies.
• - Tokenization as a service (TaaS), providing institutions with a compliant end-to-end framework for tokenizing and scaling real-world assets on Mantle.
• - Launching hackathons and RWA scholarships to encourage innovation and strengthen talent pipelines to accelerate compliant tokenization and institutional adoption.

Pursuing Mantle's Vision for Tokenized Markets

As Mantle continues to develop its liquidity and distribution layer for tokenized assets, this initiative aligns with its broader roadmap to expand RWA integrations and unlock new capital efficiencies and composable DeFi strategies within its ecosystem.

This collaboration reinforces Mantle's commitment to offering open, secure, and scalable access to tokenized assets, paving the way for broader participation in the multi-trillion-dollar global capital markets through blockchain technology. Note: xStocks is not available in the USA or for U.S. citizens, and geographic restrictions apply.

About Mantle

Mantle aims to be the premier distribution layer for institutions and TradFi to connect with on-chain liquidity and access real-world assets, improving the flow of real-world financial transactions. With over $4 billion in assets owned by the community, Mantle combines credibility, liquidity, and scalability with institutional-level infrastructure to support widespread adoption. The ecosystem is anchored by $MNT within Bybit and is developed through foundational ecosystem projects like mETH, fBTC, MI4, and more. It also features partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct, and EigenLayer.

For more information about Mantle, visit mantle.xyz.

Stay updated on all our news via: Mantle Official X, Mantle Community Channel.

About Backed

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

About Bybit

Bybit is the world's second largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit redefines transparency in the decentralized world by creating a simpler, more open, and equitable ecosystem for all. Focusing on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and foster on-chain innovation. Recognized for its secure custody, diverse marketplaces, user-friendly experience, and cutting-edge blockchain tools, Bybit bridges the gap between TradFi and DeFi, allowing builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For media inquiries, please contact: [email protected].

Follow Bybit's community and media updates on: Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube.