Bybit and Backed partner to bring tokenized Nvidia and Strategy stocks to Mantle

Cryptocurrency exchange Bybit and Backed Finance have announced a partnership to introduce tokenized stocks, such as those for Nvidia and Strategy, onto the Mantle Layer 2 blockchain. Backed's xStocks product, which has already seen over $1.6 billion in onchain volume and is used by platforms like Kraken, allows non-U.S. investors to gain exposure to traditional equities as digital assets that can trade permissionlessly. This integration will enable users to efficiently move assets between Bybit and Mantle, accelerating onboarding and boosting liquidity for the Mantle ecosystem. Mantle advisor Emily Bao stated that this collaboration transforms tokenized equities into programmable assets. The move aligns with the broader expectation that tokenized real-world assets (RWAs) could grow into a multi-trillion dollar market, offering millions of users familiar access points to these assets.

(Source：The Block)