Ethereum Layer 2 network Mantle has announced a partnership with xStocks to tokenize and bring on-chain the $1.98 billion USPX ETF managed by Franklin Templeton. This makes Mantle one of the first L2 networks to list an ETF product from the traditional finance giant.
Users can trade the tokenized product, USPXx, around the clock on Mantle's native decentralized exchange Fluxion. The token tracks the top 85% of the U.S. stock market by market capitalization, expanding Mantle's distribution layer from individual stocks to broad market index products. The collaboration leverages xStocks' Atomic RFQ system for real-time quote execution, offering investors a continuous trading channel without intermediaries or geographical restrictions.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.