Bybit’s mStocks Targets Round-the-Clock Access to Tokenized Equities
Cryptocurrency exchange Bybit plans to launch mStocks in November 2026, introducing tokenized equities backed 1:1 by real shares. Developed in collaboration with Mantle, the product aims to connect traditional stock market exposure with blockchain-based trading and decentralized finance (DeFi).
The planned launch will allow users to trade tokenized equities around the clock, including weekends and periods when traditional stock exchanges remain closed. Bybit also intends to make mStocks usable as trading collateral, potentially expanding how investors deploy their assets across crypto markets.
The announcement comes as Bybit expands its financial services beyond conventional cryptocurrency trading. The exchange is pursuing a broader strategy that combines traditional financial instruments with blockchain infrastructure.
A New Approach to Tokenized Equities
mStocks will represent an additional route for investors seeking exposure to traditional equities through digital assets. Under the proposed structure, each token will correspond to one underlying share, providing a 1:1 backing arrangement.
However, token backing does not automatically mean investors hold shares directly. According to published reports, Halo Prime Limited, a British Virgin Islands company, will issue mStocks as limited-recourse debt obligations. Bybit will provide the trading interface and support the tokens’ smart contract functions.
This distinction matters because token holders’ legal rights may differ from those of shareholders who own securities through conventional brokerage accounts. Investors will need to review the product’s terms, redemption arrangements and applicable restrictions before participating.
Mantle Integration Brings DeFi Opportunities
The partnership with Mantle represents a central part of the planned rollout. Beyond round-the-clock trading, the collaboration aims to enable mStocks to function as collateral and connect with decentralized trading infrastructure.
These capabilities could allow users to deploy tokenized equities in additional financial activities rather than simply holding them for price exposure. For example, eligible tokens could potentially support other trading positions, subject to the platform’s rules and risk controls.
Nevertheless, using equity-backed tokens as collateral can introduce additional risks. Market volatility, liquidity constraints and the legal structure of the issuing entity may affect investors even when tokens are designed to maintain a one-to-one relationship with underlying shares.
Bybit’s move also reflects a wider push to bring real-world assets onto blockchain networks. Tokenized equities offer the possibility of more flexible trading and broader integration with digital finance, although adoption will depend on regulatory requirements, investor protections and market liquidity.
The November launch remains forthcoming, and further details about supported stocks, fees and access restrictions will be important in determining the product’s reach.
