Bybit is collaborating with Mantle to develop the tokenized stock product mStocks, targeting a launch next month.

On October 13, Bybit Co-founder and CEO Ben Zhou stated during a keynote speech titled "Make Your Move" that Bybit is collaborating with Mantle to develop tokenized stock products called mStocks, targeted to go live next month. According to him, mStocks will be backed 1:1 by real stocks, with plans to allow users to convert between real stocks and mStocks around the clock on the Bybit platform, as well as facilitate DEX trading through AMM liquidity pools on Mantle. The converted mStocks can be deposited into Bybit's Unified Trading Account (UTA) and used as collateral for other trades. The specific collateral conversion rate has yet to be disclosed.

Ben Zhou also noted that the recently launched Bybit Stocks now supports over 1,000 US market stocks and assets, which are custodied by partners; future plans include enabling stock lending and allowing transfers of stocks from other brokerage firms.