Mantle, a powerful Layer-2 network focused on real-world assets (RWAs), has announced a strategic partnership with Bybit and Backed to introduce tokenized US equities onchain via xSharesaccording to details shared with Finbold on November 7.
The initiative allows users to gain exposure 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, and will enable 24/7 access to traditional markets.
Connecting centralized and decentralized markets
Bybit will support xStock deposits and withdrawals via Mantle at launch, creating a direct bridge between the centralized exchange (CEX) and Mantle’s onchain environment. The integration is designed to improve liquidity and simplify access for users and developers dealing with tokenized assets.
Each xShares token is issued by Backed and backed 1:1 by the underlying asset, such as shares or government bonds, and provides verifiable exposure to regulated assets.
“Tokenized stocks are redefining how traditional markets interact with blockchain technology,” says Emily Bao, Head of Spot at Bybit. “Bybit is proud to support Mantle’s vision of creating a unified, scalable platform where real-world assets can thrive on-chain and provide accessible and innovative financial solutions to a global audience.”
Building a foundation for onchain capital markets
Mantle, which operates as Ethereum’s (ETH) largest zero-knowledge proof-powered Layer 2, aims to bridge traditional finance (TradFi), centralized finance (CeFi) and decentralized finance (DeFi) through modular architecture and low-cost infrastructure.
“With Mantle’s modular architecture, best-in-class technology stack and Ethereum-grade security, combined with Bybit’s infrastructure and reach, tokenized equity will become a fundamental building block for the next wave of onchain finance,” says Emily Bao, Key Advisor at Mantle. “xStocks represents a critical step in transforming traditional assets into composable building blocks that span Mantle’s ecosystem and power the decentralized economy.”
David Henderson, head of growth at Backed, added:
“It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution. In addition to accessibility, xStocks are built for composability. Together with Mantle and Bybit, we are building the onchain economy to not only absorb but enhance capital markets.”
Expanding Mantle’s RWA ecosystem
The announcement builds on Mantle’s broader asset initiatives, including institutional custody with Anchorage, a Tokenization-as-a-Service framework, a US retail listing for $MNT on Moomoo Exchange, and global RWA hackathons and exchanges.
As part of its roadmap, Mantle plans to expand integrations that improve liquidity, transparency, and composability for tokenized assets in DeFi.
Disclaimer: xStocks are not available in the US or to US citizens. Geographical restrictions apply.
Featured image via Shutterstock.