Mantle Partners with Bybit to Launch Tokenized U.S. Equities Onchain

Highlights:

• Mantle partners with Bybit to bridge tokenized equities across CEX and DeFi.
• xStocks provides on-chain access to leading U.S. equities.
• Backed ensures each token reflects 1:1 backing of underlying securities.

Mantle, a high-performance Layer-2 network focused on real-world assets (RWAs), has partnered with Bybit and Backed in a new collaboration to bring tokenized U.S. equities on-chain. This effort introduces xStocks, a tokenized exchange of stocks such as NVDAx, AAPLx, and MSTRx. The integration enables a smooth exposure to large equities in the U.S. in the decentralized ecosystem.

xStocks represents a major step in bridging the gap between traditional finance and decentralized finance. Each of the tokens represents a real-world stock and is backed 1:1 by the relevant asset. Backed by its regulated structure, it ensures full transparency and legal adherence.

Bybit’s infrastructure forms the core of this effort. Bybit will initially facilitate xStocks deposits and withdrawals on Mantle. This direct connection between centralized exchange (CEX) and blockchain enables faster onboarding and access to liquidity.

Powering the next era of onchain markets with @Mantle_Official.
Tokenized equities are just the beginning. 🚀#Bybit #CryptoArk https://t.co/s3PfuomjB9

— Bybit (@Bybit_Official) November 7, 2025

Bridging TradFi, CeFi, and DeFi into One Unified Framework

Mantle powers this partnership through its high-performance Layer 2 blockchain network. It is based on the zero-knowledge proof system provided by Ethereum to offer fast, secure, and low-fee transactions. Moreover, its modular design enables smooth incorporation of real-world assets into DeFi.

The xStocks tokens are issued in collaboration with regulated custodians. They are digital assets but programmable financial tools. This makes them useful among developers building automated and composable financial products.

David Henderson, the Head of Growth at Backed, stated:

“It goes beyond tokenization to connect TradFi to DeFi: you need infrastructure and distribution. The partnership seeks to improve on capital markets onchain not merely duplicate it.”

Head of Spot at Bybit, Emily Bao, commented, saying,

“Tokenized equities are transforming the relationship between the traditional markets and blockchain technology. Bybit assists Mantle in its ambition to develop an asset platform that is scalable to real-world assets.”

Expanding Mantle’s Tokenized Asset Ecosystem

Mantle has a more comprehensive strategy to create the future of tokenized finance on a robust basis. Its partnership with Bybit and Backed increases the availability of regulated securities in blockchain form. The platform’s environment allows the real-world assets to be programmable, composable, and verifiable.

This launch is a part of the ongoing growth of Mantle into the real-world asset (RWA) sector. Anchorage recently became integrated into the network for institutional custody of $MNT. It also listed MNT on the Moomoo Exchange for retail traders in the U.S. These measures further expand access to Mantle’s token economy. 

The MNT token has reacted positively following the announcement. Despite the broad market downturn, MNT has surged by 7.50%, pushing the price to $1.31. In addition, its market capitalization and trading volume have climbed to $4.28 billion and $155 million, respectively.

Moreover, Mantle introduced Tokenization-as-a-Service (TaaS) to assist institutions in onboarding tokenized markets. The initiative incorporates a compliant system of transforming traditional assets into digital tokens. RWA-specific hackathons and scholarship initiatives are also in progress to support developer talent. xStocks are still inaccessible to U.S. investors because of geographic restrictions. However, these assets can be accessed by global users outside the U.S. around the clock.