Mantle strengthens its real-world asset strategy by integrating Backed’s xStocks, bringing tokenized U.S. equities with full share backing to its blockchain network.
Mantle announced an expansion of its real-world asset initiative through a partnership with cryptocurrency exchange Bybit and blockchain tokenization firm Backed. The collaboration introduces Backed’s xStocks platform to Mantle, offering blockchain-based tokens representing major U.S. equities like Nvidia, Apple, and MicroStrategy. Each token, such as NVDAx, AAPLx, and MSTRx, is backed 1:1 by the underlying shares, ensuring value parity with traditional stock holdings. The move enhances Mantle’s credibility and scale in deploying real-world assets on-chain.