Mantle, known for its high-speed platform for real-world assets, just teamed up with Bybit and Backed.
Together, they’re rolling out xStocks—a way to put tokenized U.S. equities like NVDAx, AAPLx, and MSTRx right on the blockchain.
That means you can trade top global assets 24/7, all within the Mantle ecosystem.
So, what’s really happening here?
xStocks lets people tap into popular stocks in a tokenized form, blending the old-school financial market with the flexibility of decentralized finance.
Mantle brings the fast blockchain tech, Bybit adds deep exchange liquidity, and Backed covers the regulated tokenization side.
Put it all together, and you get a genuinely on-chain experience for traditional assets.
Why This Matters
This partnership pulls together three worlds: traditional finance, centralized crypto exchanges, and decentralized protocols.
Mantle steps in with low fees, solid infrastructure, and security that matches Ethereum.
Bybit adds deep liquidity and global access. Backed handles the tricky part—making sure real-world assets get issued in a way that checks all the regulatory boxes.
Put it all together, and you get 24/7 trading for tokenized assets, not just during stock market hours, but anytime, anywhere.
With xStocks, equities aren’t just things you trade—they turn into building blocks.
You can use them as collateral in DeFi, drop them into smart contracts, lend them out, borrow them, or work them into automated strategies.
Mantle’s modular setup makes this kind of flexibility possible.
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How It Will Work
When Bybit launches, users can deposit and withdraw xStocks on the Mantle network without any limits.
That means you can move your assets between Bybit and Mantle’s ledger as much as you want.
Backed handles the token creation, working with regulated custodians so each token matches a real stock one-to-one.
Let’s say you own AAPLx on Mantle. That token stands for one Apple share.
You can use it in on-chain DeFi platforms—maybe you lend it out, earn yield, or put it up as collateral.
Bybit acts as the exchange and provides liquidity. Mantle runs the blockchain side.
Backed takes care of creating the tokens and making sure everything follows the rules.
“Tokenized equities are redefining how traditional markets interact with blockchain technology,” said 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 onchain, delivering accessible and innovative financial solutions to a global audience.”
What’s Next?
Mantle is pushing ahead to become the go-to place for liquidity and distribution when it comes to tokenized assets.
This move fits right into their bigger plan: bring more real-world assets (RWAs) into the mix and open up new ways to use capital and build DeFi strategies across their network.
By teaming up with others, Mantle shows it’s serious about making tokenized assets open, secure, and easy to access at scale.
They want more people to have a shot at the massive global capital markets, all powered by blockchain.
