- Bybit partners with Mantle and Backed to tokenize U.S. equities like NVDA, AAPL, and MSTR onchain.
- The collaboration introduces 24/7 access to tokenized stocks via Mantle’s scalable blockchain infrastructure.
- Mantle (MNT) price surged 10% to $1.34 as traders priced in the platform’s expanding role in real-world assets.
Mantle (MNT) rallied 10% to $1.34 on Friday, as Bybit confirmed plans to launch xStocks, a new class of onchain tokenized equities built on the Mantle network. The initiative, developed with tokenization firm Backed, will enable 24/7 access to leading U.S. stocks, including NVDAx, AAPLx, and MSTRx tracking NVIDIA, APPLE, and Strategy, respectively.
At launch, Bybit will support deposits and withdrawals of xStocks directly via Mantle, streamlining the process of moving assets between centralized exchanges and onchain networks.
The team also confirmed that all xStocks tokens are fully collateralized 1:1 by their corresponding securities, offering verifiable exposure to real-world equities. These tokenized shares will be integrated into Mantle’s modular architecture, powered by Ethereum-grade security and zero-knowledge proofs for scalability and low transaction fees. David Henderson, Head of Growth at Backed, stated, “Beyond accessibility, xStocks are built for composability. Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them.”
The initiative aims to unlock fresh layers of liquidity and capital efficiency across the Mantle ecosystem as asset tokenization continues to gain popularity. RWA.XYZ data shows tokenized assets have hit $35 billion with over 532,005 active holders globally.
Mantle Price Analysis: 73% Breakout Probability Targets $1.37 Amid Rising Volume
The Mantle (MNT) 12-hour chart indicates a decisive green candle backed by increasing volume, signaling prospects of more gains ahead after a 10% intraday rally on Friday.
According to the Breakout Probability (Expo) indicator, Mantle currently shows a 73% chance of breaking upward toward $1.37, with only a 25% probability of reversal toward the $1.20 support zone.
The Bollinger Bands (BB 20 SMA) are widening after a prolonged squeeze, suggesting growing volatility and the potential for a sustained breakout. The midpoint of the band, near $1.37, marks Mantle’s next immediate resistance level, and a confirmed close above this level could validate the start of a short-term recovery, potentially extending gains toward the upper band near $1.62.
MNT trading volume dynamics further strengthen the bullish case. Total trading volume rose to 467,000 MNT, with a positive volume delta of 55,600, indicating renewed buying pressure. The RSI (14) has also climbed from deeply oversold territory to 39.35, hinting that momentum is turning upward but remains far from overheated.
Mantle’s win-to-loss ratio of 264 to 117, reflecting 69.29% profitability, supports a bullish bias. As long as price action holds above $1.22, the path of least resistance remains to the upside. Meanwhile, failure to hold above $1.20 may reintroduce downside pressure.
Related: https://coinedition.com/uaes-cbi-bank-launches-cbix-hub-for-ai-tokenization-web3/
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