Mantle onboards Backed's $1.6b tokenized equity franchise

Mantle has made a significant move by partnering with Backed Finance to incorporate its xStocks tokenized equity products into its ecosystem. This collaboration is poised to boost Mantle’s real-world asset (RWA) initiatives, following a strong track record of over $1.6 billion in on-chain volume.

Mantle's partnership with Backed Finance enhances tokenized equity access

The integration of Backed's xStocks will allow users to access flagship tokens representing major stocks such as Apple (AAPLx), Nvidia (NVDAx), and MicroStrategy (MSTRx) directly within the Mantle network. This development is expected to enhance the credibility and scale of Mantle’s offerings in the RWA space.

Bybit's critical support for seamless token transactions within Mantle

Bybit, a prominent cryptocurrency exchange, is playing a pivotal role in this partnership. The exchange has committed to providing centralized exchange (CEX) support from the outset, facilitating easy deposits and withdrawals of the tokenized equities on the Mantle chain. This structure is vital for user onboarding and ensuring liquidity flows smoothly within the ecosystem.

Tokenized equities redefine the intersection of traditional markets and blockchain

Emily Bao, Bybit’s Head of Spot, emphasized the transformative nature of tokenized equities, stating that they are reshaping the way traditional markets engage with blockchain technology. Bybit’s collaboration with Mantle aims to create a unified platform where real-world assets can flourish on-chain, providing innovative financial solutions to a global audience.

Mantle solidifies its position as a leader in onchain capital markets

This partnership marks a significant milestone for Mantle, reinforcing its ambition to become a high-performance distribution and liquidity layer for real-world assets. The network's architecture, which features a modular design and zero-knowledge proof technology for scaling, is designed to meet the rigorous security and scalability needs of traditional finance.

By leveraging Backed's regulated xStocks platform, which issues tokenized shares backed one-to-one by underlying securities, Mantle is positioned to enhance its RWA ambitions significantly. This integration not only supports the liquidity needs of the platform but also aligns Mantle with the increasing institutional interest in tokenized assets.