Mantle, Backed and Bybit Launch $1.6B Tokenized Equities
Mantle has partnered with Backed Finance to integrate xStocks, a suite of tokenized equities fully backed 1:1 by U.S. stocks such as AAPLx, NVDAx and MSTRx, into its Ethereum Layer 2 network. Bybit now offers a direct CEX-to-chain bridge for 24/7 deposits and withdrawals, boosting liquidity and simplifying DeFi onboarding. Mantle’s modular Layer 2 architecture, low fees and zero-knowledge scaling make tokenized equities programmable financial primitives. Backed’s platform has processed over $1.6 billion in onchain volume through licensed Swiss custodians. Previous upgrades include Anchorage Digital custody integration and the MNT listing on Moomoo Exchange. Traders should prepare for deeper liquidity pools, fresh arbitrage opportunities and higher onchain activity as real-world assets go tokenized. xStocks are restricted in the U.S.
Bullish
The integration of Backed Finance’s $1.6 billion xStocks and Bybit’s direct CEX-to-chain bridge on Mantle’s Layer 2 network will boost onchain activity, liquidity and capital inflows. This improved accessibility and real-world asset tokenization could attract new traders and institutional participants. In the short term, MNT may see upward price pressure as market participants speculate on increased network usage. Over the longer term, deeper liquidity pools, composable DeFi strategies and growing onchain real-world assets support a positive outlook for network adoption and token demand.