DUBAI, UAE, Nov. 7, 2025 /PRNewswire/ — Mantle, the high-performance distribution and liquidity layer for real-world assets (RWAs), today announced its strategic partnership with Bybit and Backed to bring tokenized US equities on-chain via xStocks, enabling 24/7 access to leading global assets directly within the Mantle ecosystem.
Through xStocks, users can gain exposure to tokenized versions of leading stocks such as NVDAx, AAPLx and MSTRx, seamlessly connecting traditional financial assets with the ability to compound decentralized finance. The partnership combines Mantle’s scalable blockchain infrastructure, Bybit’s global exchange liquidity and Backed’s regulated tokenization framework to deliver a fully on-chain experience for traditional markets.
Seamless integration between CEX and DeFi
At launch, Bybit will fully support xStocks deposits and withdrawals via Mantle, allowing users to move assets efficiently and securely between Bybit and Mantle Network. This direct CEX-to-chain bridge simplifies onboarding, boosts liquidity, and opens up new opportunities for both users and developers to participate in tokenized markets.
xStocks tokens, issued by Backed in partnership with regulated custodians, are fully backed 1:1 by their underlying securities. Each token reflects a specific stock or treasury asset and provides transparent, verifiable and programmable exposure to leading global companies.
“Tokenized stocks are redefining the way traditional markets interact with blockchain technology,” he 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 the infrastructure for onchain capital markets
This integration marks a major milestone for Mantle, Ethereum’s largest ZK proof-powered L2 network. By combining a modular architecture, an advanced data availability layer, and a low-cost environment, Mantle enables secure, scalable, and cost-efficient access to tokenized equities, seamlessly bringing TradFi, CeFi, and DeFi together within a unified onchain framework.
On Mantle, tokenized equity is more than digital representations; they become programmable financial primitives. Builders and developers can use these resources to design innovative instruments, integrate real-world and crypto assets into automated strategies, and optimize capital efficiency in ecosystems.
“With Mantle’s modular architecture, high-performance technology stack and Ethereum-level security, combined with Bybit’s infrastructure and reach, tokenized equity will become a fundamental building block for the next wave of onchain finance,” said 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.”
“It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution,” he added David Henderson, head of growth at Backed. “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.”
Driving Mantle’s broader RWA momentum
This collaboration continues to build Bybit’s continued support for Mantle’s growing RWA ecosystemin response to recent initiatives such as:
- Anchor integrationwhich provides institutional-level custody for $MNT to expand global access.
- Moomoo Exchange listingbringing $MNT alongside stocks, ETFs and crypto to US retail investors.
- Tokenization-as-a-Service (TaaS)which provides institutions with a compatible, end-to-end framework for tokenizing and scaling real-world assets on Mantle.
- RWA Hackathons & Scholarships are launchedfostering innovation and strengthening talent pipelines to accelerate compliant tokenization and institutional adoption.
Advancing Mantle’s vision for tokenized markets
As Mantle continues to build the core liquidity and distribution layer for tokenized assets, this initiative aligns with Mantle’s broader roadmap to expand RWA integrations, unlock new capital efficiencies, and composable DeFi strategies across the ecosystem.
The partnership reinforces Mantle’s commitment to enabling open, secure and scalable access to tokenized assets, paving the way for broader participation in the trillion-dollar global capital markets through blockchain technology.
xStocks are not available in the US or to US citizens. Geographical restrictions apply.
About Mantel
Mantle is positioning itself as the key distribution layer and gateway for institutions and TradFi to connect to onchain liquidity and access real-world assets, powering the way real finance flows.
With more than $4 billion in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-quality infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit and built through core ecosystem projects such as mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer.
For more information about Mantel, please visit: cloak.xyz
For more social updates, follow: Cloak Official X & Mantle Community Channel
About Supported
Founded in 2021, Backed is the largest issuer of compliant tokenized stocks and ETFs, including the innovative xShares line of products. Backed’s products are freely transferable ERC-20 and SPL tokens that are compatible with Ethereum and Solana-based platforms. For more information please visit https://backed.fi/
About Bybit
Bybit is the second largest cryptocurrency exchange in the world by trading volume, serving a global community of more than 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Known for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, allowing builders, makers, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more information about Bybit, please visit Bybit Press
For media inquiries please contact: [email protected]
For updates, follow: Bybit’s communities and social media
Disagreement | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YouTube
#Mantle #Partners #Bybit #Backs #Bring #Stocks #Onchain #Pioneering #Wave #Trillion #Dollars #Tokenized #Assets #Bitcoin