PANews reported on November 7th that Mantle has announced a strategic partnership with Bybit and Backed to bring tokenized US stocks to the Mantle blockchain through xStocks, partially enabling 24/7 access to leading global assets. The xStocks token, issued by Backed, is backed 1:1 by underlying securities, redefining the interaction between traditional markets and blockchain technology.

Under the new mechanism, Mantle and Bybit users can access tokenized versions of leading stocks such as NVDAx, AAPLx, and MSTRx through xStocks. Bybit will fully support accessing xStocks through the Mantle network, achieving seamless connectivity between the CEX and the blockchain.

This collaboration marks a significant milestone for Mantle, as Ethereum's largest ZK-proof driven L2 network, in its expansion within the RWA ecosystem.

Note: xStocks is not available to U.S. regions or U.S. residents.