Bybit is preparing to roll out mStocks, a tokenized equities product backed one-to-one by real shares, with a planned launch in November 2026. The offering is being developed in collaboration with Mantle and is designed to connect traditional stock market exposure with blockchain-based trading and decentralized finance (DeFi).

Once live, the platform is expected to let users trade tokenized equities around the clock, including weekends and other periods when conventional stock exchanges are closed. That always-on model addresses a long-standing limitation of traditional equities, which trade only during fixed exchange sessions, meaning investors looking to respond to weekend or overnight developments typically have to wait for markets to reopen. Bybit also intends to make mStocks usable as trading collateral, which could broaden how investors deploy their assets across crypto markets.

The announcement arrives as Bybit expands its financial services beyond conventional cryptocurrency trading, pursuing a broader strategy that combines traditional financial instruments with blockchain infrastructure.

A Different Structure for Tokenized Stocks

mStocks is positioned as an additional route for investors seeking exposure to traditional equities through digital assets. Under the proposed structure, each token corresponds to one underlying share, creating a 1:1 backing arrangement.

That backing, however, does not mean holders directly own shares. According to published reports, the tokens will be issued by Halo Prime Limited, a British Virgin Islands company, in the form of limited-recourse debt obligations. Bybit, for its part, will provide the trading interface and support the tokens' smart contract functions.

The distinction carries legal weight: token holders' rights may differ from those of shareholders who own securities through conventional brokerage accounts. Prospective users will need to review the product's terms, redemption arrangements and applicable restrictions before participating.

Mantle Partnership Opens DeFi Use Cases

The collaboration with Mantle sits at the center of the planned rollout. Beyond continuous trading, the partnership is intended to let mStocks function as collateral and connect with decentralized trading infrastructure. Those capabilities could allow users to put tokenized equities to work in additional financial activities rather than simply holding them for price exposure. Eligible tokens, for example, could potentially support other trading positions, subject to the platform's rules and risk controls.

Using equity-backed tokens as collateral nevertheless introduces 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 industry push to bring real-world assets onto blockchain networks, an effort in which exchanges and brokerages alike have begun introducing tokenized versions of stocks, funds and other traditional instruments. 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. With the November launch still forthcoming, further details about supported stocks, fees and access restrictions will be important in determining the product's reach.

Source: CryptoMeter io