The collaboration brings Mantle’s blockchain infrastructure, Bybit’s exchange liquidity and Backed’s regulated tokenisation framework for a complete on-chain experience.
Mantle Network (Mantle), a modular Ethereum Layer 2 blockchain project, has formed a strategic collaboration with Bybit, a Dubai-based cryptocurrency exchange, and Backed Finance (Backed), a Swiss-regulated tokenisation platform, to bring tokenised US equities on-chain through xStocks. Bybit will provide support for deposits and withdrawals of xStocks via Mantle xStocks is issued by Backed and offers tokenised versions of US equities like Nvidia (NVDAx), Apple (AAPLx) and MicroStrategy (MSTR