Bybit Plans mStocks With 24/7 Conversion and Mantle DEX Trading
Photo: TokenPost
Bybit plans to launch mStocks, a tokenized stock product developed with Mantle that will support 24/7 two-way conversion and decentralized-exchange trading. Bybit CEO Ben Zhou announced the plan during the company’s “Make Your Move” global keynote on Tuesday. The product will be backed 1:1 by real-world assets, according to the announcement. Users will be able to convert mStocks in both directions at any time. The product is also planned to connect with all automated market-maker liquidity pools in the Mantle ecosystem, allowing users to trade it through decentralized exchanges. The structure would combine exposure to tokenized stocks with on-chain liquidity.
Source: TokenPost
