Mantle has launched xStocks on its Fluxion exchange in collaboration with Bybit, BackedFi and Flowdesk. The platform enables around-the-clock trading of tokenized public equities, including Meta, supported by a hybrid automated market maker and request-for-quote architecture.

Tokenized Meta shares on xStocks are issued as fully collateralized tracker certificates compliant with the Swiss DLT Act. Users can deposit and withdraw Meta exposure directly through Bybit, ensuring on-chain representation closely mirrors the underlying equity.

By integrating a hybrid AMM-RFQ setup, Mantle aims to address execution and distribution challenges, potentially enhancing Meta’s trading liquidity. The programmable nature of on-chain Meta tokens could open new markets and trading strategies beyond traditional stock exchanges.