Tokenized equities arrive on Mantle in a partnership announced on November 7, offering tokenized U.S. stocks such as NVDAx, AAPLx and MSTRx for institutional and retail participants worldwide while enabling continuous DeFi access and cross-market composability.
How does the Mantle-Bybit partnership enable xStocks?
What is the Backed tokenization framework?
The initiative is led by Mantle, Backed and Bybit, and uses Backed’s tokenization framework and Tokenization-as-a-Service to mint xStocks.
On November 7, the partners announced representative tokens NVDAx, AAPLx and MSTRx each issued with 1:1 backing to the underlying securities.
Anchorage custody supports safekeeping of the underlying assets, while the model aims to enable real world asset integration and composability across DeFi primitives. As a result, token holders should see custody and auditability features that mirror institutional practice.
How will the Bybit CEX-Mantle bridge support trading?
Bybit will support deposits and withdrawals via Mantle at launch, creating a bybit cex mantle bridge to route liquidity between the exchange and Mantle’s Layer 2 environment.
The bridge is designed to preserve 1:1 backing and settlement transparency as tokens move between CeFi and onchain markets.
Mantle, described as “Ethereum’s largest zero-knowledge proof-powered Layer 2”, provides the modular, low-fee infrastructure intended to enable onchain tradfi composability. For official product details see the Mantle site.
What will xStocks tokenized stocks mean for liquidity and composability?
xStocks tokenized stocks promise 24/7 access to tokenized US equities, enabling continuous trading, lending and yield strategies across DeFi and CeFi pools.
Consequently, market participants can explore new composability patterns while tapping Bybit liquidity and Backed’s distribution channels.
Backed’s Tokenization-as-a-Service aims to combine exchange relationships with clearing and integration for real world asset integration.
The broader Mantle roadmap references Anchorage custody, Tokenization-as-a-Service, and a planned $MNT listing on major exchanges to deepen market plumbing and secondary liquidity.
Institutional observers note that clearer rules and robust custody often accelerate market maturity and reduce operational risk. Indeed, regulated infrastructure and exchange links are central to adoption in tokenized markets.
Remember that xStocks are not available in the U.S.; geographic restrictions and compliance measures apply. For platform commentary see the Bybit statement.
