Bybit and Backed Unite to Bring Stock Tokens On-Chain
- Bybit and Backed Finance integrate xStocks tokens on the Mantle blockchain to link stocks.
- Tokenized equities give investors direct 24-hour access to regulated stock-based crypto.
- This partnership signals a shift toward transparent, borderless blockchain finance.
In a move that links traditional finance with blockchain innovation, Bybit has partnered with Backed Finance to bring xStocks stock tokens onto the Mantle blockchain. This collaboration enables investors to access tokenized equities directly through their crypto wallets, offering a streamlined bridge between centralized and decentralized finance.
Expanding Access Through Tokenized Equities
With the setup, users can perform transactions with stock tokens that represent real shares. Each xStocks token is linked to a specific stock, thereby granting investors a guarantee of safe, controlled entry to large corporations. The number of tokens will equal the number of assets backing them, which will be in the custody of regulated custodians.
Bybit will provide complete deposit and withdrawal support, not just for xStocks but also for Mantle, right from the start. This will enable the establishment of a CEX-to-chain bridge. Not only does this improve liquidity, but it also facilitates quick and efficient transferring of assets between Bybit and Mantle. It also provides developers with a seamless entry point into tokenized finance via secure, cost-effective infrastructure.
According to Emily Bao, Head of Spot at Bybit, “Tokenized equities are redefining how traditional markets interact with blockchain technology. Bybit supports Mantle’s vision of a unified, scalable platform where real-world assets can thrive on-chain.”
Building a Unified Financial Ecosystem
The project is based on the Mantle blockchain, an Ethereum Layer 2 network powered by ZK proofs, and its modularity and low-fee structure enable scalable, efficient, and secure trading of tokenized equities. It connects financial ecosystems (TradFi, CeFi, and DeFi) across the blockchain through a single interoperable network.
Creating a digital twin of a stock is just one of the functionalities of tokenized equities on Mantle; the other is that they are programmable financial primitives that developers can integrate into automated strategies or decentralized applications. This structure not only increases the impact of capital but also widens the crypto world’s absorption of real estate.
According to Bao, another advisor at Mantle, “Tokenized equities will become the backbone of on-chain finance with Mantle’s modular architecture and Ethereum-grade security, combined with Bybit’s infrastructure.”
Related: Bybit Launches B2B Unit to Boost Institutional Crypto Adoption
A New Era of Financial Accessibility
The partnership also tackles key barriers in traditional markets. Stock trading typically involves intermediaries, delayed settlements, and regional restrictions. By contrast, xStocks on Mantle enables 24/7 global trading, faster settlements, and lower costs compared to conventional brokerage systems.
David Henderson, Head of Growth at Backed, stated, “It takes more than tokenization to bridge TradFi and DeFi; you need infrastructure and distribution. Together with Mantle and Bybit, we’re building the on-chain economy to not only absorb capital markets but also improve them.”
Through this alliance, investors—both crypto-native and traditional—can diversify their portfolios without switching platforms. Bybit’s user-oriented design simplifies onboarding, while Mantle’s technology ensures quick, secure transactions. The company’s regulated structure provides both transparency and global reach.
The partnership aligns with the growth of tokenization and even larger changes: the conversion of traditional financial instruments to blockchain-based ones. Can investors consider this integration the one that leads to a fully connected financial realm where all assets can be traded without on-chain restrictions?
