In a significant advancement for the digital assets landscape, global crypto exchange Bybit and tokenization platform Backed Finance have joined forces to bring tokenized shares of major corporations onto the layer‑2 blockchain network Mantle.
Overview of the Collaboration
As announced, Bybit and Backed will enable users to deposit and withdraw tokenized equities directly via the Mantle network—offering greater liquidity and streamlined on‑chain access. The tokenization initiative covers shares of prominent companies such as Apple Inc., Microsoft Corporation, Nvidia Corporation and others listed under Backed’s xStocks product suite. This product is already supported by other platforms including Kraken and protocols on the Solana ecosystem.
Implications for Real‑World Assets (RWA) and Tokenized Stocks
This partnership marks a pivotal step toward broader adoption of real‑world assets (RWA) on chain—allowing investors (especially outside the U.S.) to engage with traditional equities via digital tokens that can be traded 24/7 across blockchain ecosystems. According to Mantle’s advisor Emily Bao, the collaboration transforms tokenized stocks from “static assets” into “programmable assets”, unlocking new application possibilities within the Mantle ecosystem.
Why the Mantle Network Matters
While the article notes that Mantle migrated to a ZK‑rollup architecture late last year, positioning itself as a bridge between traditional financial institutions and on‑chain liquidity. This technical foundation supports low‑cost, scalable transactions—critical for high‑volume tokenized security trading and cross‑platform asset flows. By enabling direct deposit and withdrawal between Bybit and Mantle, the efficiency gains and network effects could be substantial.
Potential Benefits and Risks
Benefits:
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Increased accessibility: Investors globally may gain access to large‑cap equity exposure in tokenized form.
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Enhanced liquidity: On‐chain trading and settlement may reduce friction compared with traditional market infrastructures.
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Innovation in asset utility: “Programmable” stocks could open new uses—such as fractionalization, instant settlement, wrapping into DeFi strategies, or incorporation into synthetic asset protocols.
Risks & considerations:
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Regulatory environment: Tokenized securities often fall under complex regulatory regimes. The article reminds readers this is not investment advice.
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Token vs. underlying asset risk: It remains essential that tokenized shares accurately represent ownership rights, dividend entitlements, and voting rights where applicable.
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Platform/execution risk: Reliance on both Bybit and Mantle functioning as designed—any network, smart contract, or integration failure could have outsized consequences.
Outlook
This move by Bybit and Backed could herald a broader wave of traditional financial instruments migrating on to blockchain infrastructures. If scaled successfully, tokenized equities might reshape how retail and institutional investors access markets, enabling around‑the‑clock trading, fractional ownership, and seamless cross‑chain mobility. For the Mantle ecosystem, it represents a key use case and potential method to attract both liquidity and real‑world assets.
For investors and market observers, watching how tokenization standards evolve, how regulatory clarity develops, and how adoption unfolds across platforms will be crucial. With high expectations comes high scrutiny — and the success of this partnership may hinge as much on legal and operational reliability as on technological innovation.
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