Mantle expanded tokenized equity offerings in July with pre-IPO vaults, secondary trading products, and migrated cross-chain infrastructure from LayerZero to Chainlink CCIP for improved settlement.
Tech & Launches ·
Mantle expanded its tokenized equity offerings in July across multiple product categories. Openstock's first pre-IPO vault closed with $9.3 million in deposits, with approximately 49% of first-day inflows routed through Mantle's onchain infrastructure. The network also introduced secondary trading products for listed equities, including BSPx (Bending Spoons), SPCXx, USPXx, and SKHYx (SK Hynix), which traded on venues including Atomic RFQ and Fluxion.
The expansion built on infrastructure changes made during the same period. Mantle Super Portal switched its cross-chain settlement layer from LayerZero to Chainlink CCIP, a backend modification with particular relevance for assets moving between networks. By July, tokenized active strategies on the network reached an all-time high of $116.4 million, while the network supported 155 tokenized equities and crossed $1 billion in onchain DeFi TVL during the first half of the year.
The durability of these developments remains contingent on adoption growth. Current trading volumes remain modest relative to historical levels, and the infrastructure is newly deployed. Whether sustained demand for onchain equity settlement materializes—particularly at institutional scale—and whether Mantle's position within the broader tokenized equities ecosystem strengthens are questions that only time and transaction data can answer.