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Mantle Unveils Stock Tokens Powered by Backed, Bybit

The Ethereum L2 will soon unlock 24/7 trading for NVDA, AAPL, and MSTR.
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Nov 7, 20251 min read

Mantle Network, an EVM-compatible Ethereum Layer 2 blockchain associated with centralized cryptocurrency exchange Bybit, has partnered with Backed Finance to issue onchain tokenized equities.

What's the Scoop?

  • Onchain Stocks: Backed Finance will soon deploy tokenized shares of major public companies – including Nvidia, Apple, Microsoft, and Strategy – to the Mantle Layer 2 blockchain.
  • Bybit Integrations: Mantle users will enjoy day-one support through Bybit, allowing traders to deposit and withdraw funds directly to Mantle for a seamless onboarding experience into tokenized equities.
  • xStocks Momentum: Backed’s tokenized equity products, xStocks, were previously deployed to the Solana Network in partnership with crypto exchange Kraken and have experienced over $1.6B in onchain trading volume.

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