Mantle, Bybit, & Backed Launch xStocks: Tokenized U.S. Equities Onchain
Mantle, Bybit, and Backed have partnered to launch xStocks, a platform for tokenized U.S. equities on the Mantle Network. This initiative provides 24/7 onchain access to assets like NVDAx and AAPLx, bridging TradFi, CeFi, and DeFi.
xStocks tokens are issued by Backed and fully backed 1:1 by underlying securities, with regulated custodians ensuring compliance. Bybit will facilitate deposits and withdrawals via the Mantle Network.
Emily Bao of Bybit stated, "Tokenized equities are redefining how traditional markets interact with blockchain technology." David Henderson of Backed added, "Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them."
This collaboration aims to expand Mantle's Real-World Asset (RWA) ecosystem and foster broader adoption of tokenized assets. xStocks are not available in the U.S. or to U.S. citizens.


Cryptovka
Mantle, Bybit, & Backed Launch xStocks: Tokenized U.S. Equities Onchain
Mantle, the high-performance distribution and liquidity layer for real-world assets (RWAs), has announced a strategic collaboration with leading...








