Mantle Network announced via its official X account that $USPXx, the tokenized version of Franklin Templeton's U.S. Equity Index ETF (USPX), has been launched on the Mantle network. Issued by xStocksFi, the token is among the first onchain venues to distribute such a product, and is tradable 24/7 on the Fluxion decentralized exchange.
According to Mantle's post, $USPXx represents a roughly $2 billion slice of the U.S. equity market, now available as a single swap. Franklin Templeton is a global asset management giant, and the tokenization of its ETF marks a further step in bringing traditional financial assets into the decentralized ecosystem.
Fluxion Network, a DEX on Mantle, provides liquidity pools and trading services for $USPXx, allowing investors to buy and sell the tokenized ETF at any time. This launch also underscores Mantle's ongoing efforts to bridge traditional finance with DeFi.