DUBAI, UAE, Could 7, 2026 /PRNewswire/ — Mantle, the premier distribution layer connecting conventional finance and on-chain liquidity, and Bybit, one of many world’s largest cryptocurrency exchanges by quantity, at this time introduced the activation of xChange, xStocks’s Atomic RFQ system, on Fluxion, Mantle’s native decentralised change. The activation permits customers to mint and redeem xStocks tokens straight by means of a Request for Quote mechanism, bypassing conventional automated market maker infrastructure and offering a local, issuer-direct channel for tokenized fairness transactions on Mantle.
The activation represents the second section of Mantle’s broader xStocks roadmap, following the reside integration of tokenized equities on Mantle.
Closing the Liquidity Hole
Tokenized fairness markets have confronted a persistent structural problem: fragmented liquidity throughout on-chain and off-chain venues, with no single mechanism able to anchoring value to the underlying safety at institutional precision. Mantle closes that hole. Because the connective distribution layer, it bridges Bybit’s off-chain liquidity with on-chain execution by means of Fluxion, unifying centralized and decentralized venues right into a single, composable stack. That is the CeDeFi thesis in follow: Not two separate markets, however one unified place the place capital strikes with out friction. The mixing delivers steady, issuer-direct execution high quality by means of Atomic RFQ value calculation throughout market hours and entry liquidity after market shut, the exact execution normal institutional capital requires.
From AMM to Atomic RFQ: A Extra Direct Path to Tokenized Equities
Since launch, xStocks on Mantle have been tradable by way of Fluxion’s hybrid AMM. The Atomic RFQ activation takes this additional: Buyers achieve a extra capital-efficient path to tokenized equities, whereas xStocks TVL and on-chain liquidity on Mantle develop structurally as minting and redemption exercise flows natively by means of the chain. Atomic RFQ is obtainable at this time by way of Fluxion.
Why Atomic RFQ Modifications the RWA Equation
The Atomic RFQ mechanism strengthens Mantle’s place because the distribution layer of alternative for RWAs. Fairly than merely itemizing tokenized property for secondary buying and selling, Mantle now supplies full-cycle infrastructure: Issuance, buying and selling, and direct redemption, all on-chain, all composable with Mantle’s 200+ associate ecosystem.
“Institutional capital doesn’t transfer as a result of an asset is on-chain. It strikes when the execution high quality matches what it already expects off-chain. Atomic RFQ closes that hole, and in doing so, it makes the CeDeFi thesis actual. Mantle isn’t simply housing RWAs, it’s constructing the rails that make them value holding.” mentioned Emily Bao, Key Advisor at Mantle and Spot Government at Bybit.
“Approximating the worth of an fairness has by no means been ok. The hole between TradFi and on-chain has by no means actually been concerning the property, it’s been about execution high quality. Atomic RFQ closes that hole. Buyers get the true value, direct from the issuer, on-chain, on the identical normal they’d count on on any main venue. That’s what institutional capital truly requires. And it’s reside on Mantle at this time,” mentioned Val Gui, Normal Supervisor of xStocks.
What Comes Subsequent
The Atomic RFQ activation is the second section of a broader roadmap Mantle and xStocks are executing collectively. The xPoints loyalty programme, rewarding early contributors and lively merchants inside the xStocks ecosystem on Mantle stays on the roadmap, including compounding incentives for the contributors constructing the RWA-native financial system on Mantle.
Collectively, these phases kind a deliberate infrastructure technique: Deeper liquidity, higher execution, native buying and selling infrastructure, and rising rewards for early contributors.
About Mantle
Mantle positions itself because the premier distribution layer and gateway for establishments and TradFi to attach with on-chain liquidity and entry real-world property, powering how real-world finance flows. With over $4B+ in community-owned property, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to help large-scale adoption. The ecosystem is anchored by $MNT inside Bybit, and constructed out by means of core ecosystem initiatives like mETH, fBTC, MI4 and extra. That is complemented by Mantle Community’s partnerships with main issuers and protocols corresponding to Ethena USDe, Ondo USDY, and OP-Succinct.
For extra data go to mantle.xyz.
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About Bybit
Bybit is the world’s second-largest cryptocurrency change by buying and selling quantity, serving a worldwide group of over 80 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating an easier, open, and equal ecosystem for everybody. With a robust give attention to Web3, Bybit companions strategically with main blockchain protocols to offer sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, various marketplaces, intuitive consumer expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fanatics to unlock the complete potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
For extra particulars about Bybit, please go to Bybit Press
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About xStocks
xStocks is the business benchmark for tokenized equities, bringing publicly listed U.S. shares and ETFs onchain by means of totally collateralized, 1:1-backed tokens. Powered by Payward’s digital asset infrastructure, xStocks locations conventional equities on blockchain infrastructure, increasing entry to U.S. capital markets with prolonged availability, international attain, and seamless digital-native settlement.
Designed for interoperability, xStocks transfer seamlessly between centralized exchanges, self-custodied wallets, and onchain purposes, unlocking new utility throughout buying and selling, collateralization, and decentralized finance. Since launching in June 2025, xStocks is powering billions of {dollars} in transaction quantity throughout a number of blockchain ecosystems and anchors a quickly increasing international community shaping the way forward for tokenized markets.
For extra data, go to https://xstocks.fi.
