Mantle, a high-performance layer 2 network focused on real world assets (RWA), announces strategic partnerships with Bybit and Backed to bring tokenized US equities on-chain. x sharesaccording to details shared with Finbold on November 7th.
This initiative will give users access to tokenized versions of US stocks such as NVDAx, AAPLx, and MSTRx directly within the Mantle ecosystem.
The partnership combines Mantle’s scalable blockchain infrastructure with Bybit’s exchange liquidity and Backed’s regulated tokenization framework, enabling 24/7 access to traditional markets.
Connecting centralized and decentralized markets
Bybit will support xStock deposits and withdrawals through Mantle at launch, creating a direct bridge between centralized exchanges (CEX) and Mantle’s on-chain environment. This integration is designed to increase liquidity and simplify access for users and developers involved in tokenized assets.
each x shares The tokens are issued by Backed and are backed 1:1 by underlying securities such as stocks and government bonds, providing verifiable exposure to regulated assets.
“Tokenized stocks are redefining how traditional markets interact with blockchain technology.” Emily Bao, Head of Spot at Bybit, said: “Bybit is proud to support Mr. Mantle’s vision of building a unified, scalable platform where real-world assets can thrive on-chain, delivering accessible and innovative financial solutions to a global audience.”
Building the foundation for on-chain capital markets
Operating as Layer 2 leveraging Ethereum (ETH)’s largest zero-knowledge proof, Mantle aims to bridge traditional finance (TradFi), centralized finance (CeFi), and decentralized finance (DeFi) through its modular architecture and low-fee infrastructure.
“By combining Mantle’s modular architecture, premium technology stack, and Ethereum-grade security with Bybit’s infrastructure and reach, tokenized equities will become a foundational building block for the next wave of on-chain finance.” Emily Bao, Key Advisor at Mantle, said: “xStocks represents a pivotal step in transforming traditional assets into composable building blocks that scale across the Mantle ecosystem and power a decentralized economy.”
David Henderson, Head of Growth at Backed, added:
“Tokenization alone is not enough to bridge TradFi and DeFi; it requires infrastructure and distribution. Beyond accessibility, xStocks is built with composability in mind. We are working with Mantle and Bybit to build an on-chain economy that not only absorbs but improves capital markets.”
Expanding Mantle’s RWA ecosystem
This announcement builds on Mantle’s extensive real-world asset initiatives, including institutional custodianship with Anchorage, a tokenization-as-a-service framework, a US retail listing for MNT$ on Moomoo Exchange, and a global RWA hackathon and scholarships.
As part of its roadmap, Mantle plans to expand integrations that enhance the liquidity, transparency, and composability of tokenized assets across DeFi.
Disclaimer: xStocks is not available to the United States or U.S. citizens. Geographical restrictions apply.
Featured image via Shutterstock.
