Backed Finance and Bybit are partnering with Mantle Network to Integrate xStocks into the Mantle ecosystem.
xStocks by Backed is expanding to Ethereum Layer-2 (L2) scaling solution, Mantle, in partnership with Bybit.
Crosssing US$9.7 billion in volumes on CEXes and DEXes, it has deployed assets from tech giants like NVDAx, AAPLx, and MSFTx, to digital asset treasuries and ETFs such as MSTRx, SPYx, and QQQx.
Backed Finance is partnering with Bybit to bring tokenised equities to Mantle, with full exchange support from the world’s second largest exchange by volume to allow withdrawals and deposits via Mantle, enabling users to move assets between Bybit and Mantle efficiently and securely,
“Mantle is building the distribution layer for real-world assets at scale, and xStocks is a natural fit,” said Emily Bao, Key Advisor of Mantle. “Together with Backed and Bybit, we’re turning tokenised equities from static instruments into programmable assets that scale into new innovations and use cases across the Mantle ecosystem.”
Mantle is capitalising on the rapidly expanding market for tokenised equities, and Backed Finance views Mantle as the next step in the xStocks expansion thanks to its modular design, low transaction fees, and Ethereum-grade security.
“More than another venue to access capital markets, this expansion takes us closer to our vision of tokenised equities as active assets that compose the new financial system,” said Adam Levi, co-founder of Backed Finance. “We have seen incredible adoption and use cases for xStocks since launch, and are excited to see what can be built using Mantle’s modular design and scalability. The possibilities are endless.”
Stay updated on the crypto space by following our socials
