Mantle, a cutting-edge Layer-2 network focusing on real-world applications, has partnered with Bybit and Backed to bring tokenized U.S. equities directly onchain. Announced on November 7, 2025, this initiative introduces xStocks, a groundbreaking approach providing seamless exposure to popular U.S. stocks like NVDAx, AAPLx, and MSTRx through the Mantle ecosystem.
The Innovative Partnership
This partnership leverages Mantle’s scalable blockchain infrastructure, Bybit’s exchange liquidity, and Backed’s regulated tokenization framework to ensure uninterrupted 24/7 market access. Bybit will facilitate xStock deposits and withdrawals via Mantle, bridging its centralized exchange (CEX) with Mantle’s decentralized blockchain-based environment.
Each xStock token, issued by Backed, is backed 1:1 by its corresponding security—be it equities or treasuries. This assures users of verifiable exposure to regulated assets while simplifying market engagement for developers and traders alike.
Driving Blockchain and TradFi Innovation Forward
Emily Bao, Head of Spot at Bybit, emphasized the transformative nature of tokenized equities: Bybit is proud to support Mantle’s mission of creating a unified, scalable platform where real-world assets can thrive onchain, delivering accessible and innovative financial solutions to a global audience.
Mantle operates as Ethereum’s largest zero-knowledge proof-powered Layer-2 system. Its modular architecture ensures low fees and high security, positioning it as a leader in bridging traditional finance (TradFi), decentralized finance (DeFi), and centralized finance (CeFi). By empowering financial composability, xStocks aim to become foundational to the next evolution of decentralized economies.
Future-Ready Finance
David Henderson, Head of Growth at Backed, added, Bridging TradFi and DeFi requires more than just tokenization—it demands robust infrastructure and distribution. Together with Mantle and Bybit, we’re building a truly scalable onchain economy.
The xStocks launch reflects Mantle’s commitment to innovation in real-world asset (RWA) solutions. Their roadmap includes strategic integrations, institutional partnerships, a Tokenization-as-a-Service framework, U.S. retail listings for their token $MNT, and global hackathons to foster development in the decentralized finance space.
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As the tokenization of traditional markets gains momentum, partnerships like Mantle, Bybit, and Backed serve as shining examples of blockchain-powered financial evolution. Get ready to embrace the future of finance today.
