Bybit collaborates with Mantle to develop mStocks, aiming to launch next month

Bybit co-founder and CEO Ben Zhou stated in the keynote speech "Make Your Move" that Bybit is collaborating with Mantle to develop a tokenized stock product called mStocks, which is set to launch next month. According to him, mStocks will be backed 1:1 by real stocks, and users will be able to convert between real stocks and mStocks on the Bybit platform around the clock, with DEX trading supported on Mantle through AMM liquidity pools.

The converted mStocks can enter the Bybit Unified Trading Account (UTA) as collateral for other trades, although the specific collateral conversion ratio has not been disclosed. Ben Zhou also mentioned that the recently launched Bybit Stocks has supported over 1,000 U.S. market stocks and assets, with stocks being custodied by partners, and there are plans to support stock lending and transfers from other brokerages in the future.