Mantle, Bybit, and Backed to bring US equities onchain
10 November 2025 UAE
Reporter: Tahlia Kraefft
Image: WhoisDanny/adobe.stock.com
Mantle, a distribution and liquidity layer for real-world assets (RWAs), together with Bybit, and Backed, have announced a strategic collaboration to bring tokenised US equities onchain through xStocks, enabling 24/7 access to global assets directly within the Mantle ecosystem.
Through xStocks, users can gain exposure to tokenised versions of leading equities such as NVDAx, AAPLx, and MSTRx, seamlessly connecting traditional financial assets with the composability of decentralised finance.
The collaboration combines Mantle's scalable blockchain infrastructure, Bybit's global exchange liquidity, and Backed's regulated tokenisation framework, to deliver a fully onchain experience for traditional markets.
At launch, Bybit will provide full support for deposits and withdrawals of xStocks via Mantle, allowing users to move assets between Bybit and Mantle Network efficiently and securely.
This direct CEX-to-chain bridge simplifies onboarding, drives liquidity, and opens new opportunities for both users and developers to engage with tokenised markets.
xStocks tokens, issued by Backed in partnership with regulated custodians, are fully backed 1:1 by their underlying securities.
Emily Bao, head of Spot at Bybit and key advisor at Mantle, remarks: "Tokenised equities are redefining how traditional markets interact with blockchain technology. 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."
"xStocks represents a pivotal step in turning traditional assets into composable building blocks that scale across Mantle's ecosystem and power the decentralised economy."
David Henderson, head of growth at Backed, comments: “It takes more than tokenisation to bridge TradFi and DeFi; you need infrastructure and distribution. Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we're building the onchain economy to not only absorb capital markets but improve them."
