Mantle Partners with Bybit and Backed to Tokenize U.S. Equities

In a significant move, Mantle announced its collaboration with Bybit and Backed to bring tokenized U.S. equities onchain through xStocks. This initiative aims to provide 24/7 access to major global assets within the Mantle ecosystem. Bybit will support deposits and withdrawals of xStocks via Mantle, enabling secure asset transfers between the platforms.

xStocks tokens, backed 1:1 by underlying securities, offer investors exposure to companies like NVDAx and AAPLx. This project integrates Mantle's blockchain infrastructure, Bybit's exchange liquidity, and Backed's tokenization framework to merge traditional finance with decentralized finance.

This collaboration represents a step towards unifying TradFi, CeFi, and DeFi, leveraging Mantle's scalability and Bybit's reach. The integration aims to transform traditional equities into programmable financial assets, enhancing composability and capital efficiency in tokenized markets.