Mantle Becomes One of the First Ethereum L2s to Bring Franklin Templeton's USPX ETF On-Chain with xStocks
RWA Signal Insight
StocksMantle has integrated USPXx, a tokenized version of Franklin Templeton's $1.98 billion Franklin U.S. Equity Index ETF (USPX), onto its Ethereum Layer 2 network. This integration, facilitated by xStocks, allows for 24/7 on-chain trading and liquidity provision through Mantle's native decentralized exchange, Fluxion. By utilizing xStocks' Atomic RFQ system, known as xChange, the platform enables institutional-grade execution precision by sourcing transactions directly from the issuer rather than relying on traditional automated market makers. This development removes geographic restrictions, settlement delays, and market hour constraints for investors seeking exposure to the top 85% of the U.S. equity market. The move marks a significant expansion for Mantle, positioning the network as a primary distribution layer for traditional finance assets. By bringing a major passive equity vehicle on-chain, Mantle aims to bridge the gap between conventional brokerage infrastructure and decentralized finance. This initiative underscores the growing trend of institutional asset managers leveraging blockchain technology to enhance the accessibility and utility of broad-market index products.
Key points
- Mantle lists USPXx, a tokenized representation of Franklin Templeton's $1.98B USPX ETF.
- Trading occurs 24/7 on Fluxion DEX using xStocks' Atomic RFQ for institutional execution.
- USPXx provides global, intermediary-free access to the top 85% of U.S. equity markets.
- Mantle serves as a distribution layer for TradFi, supporting assets like SpaceX equity.
Background
Mantle is an Ethereum Layer 2 network designed to connect traditional finance with on-chain liquidity, supported by the $MNT token and a large community-owned treasury. xStocks is a platform that tokenizes U.S. equities and ETFs, providing 1:1 collateralized digital assets that can be traded across various blockchain ecosystems.