Tokenized Stocks Launch on Mantle; Zcash Surges into Top-20 After 750% Gain

Tokenized Stocks Launch on Mantle; Zcash Surges into Top-20 After 750% Gain

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The crypto market witnessed significant activity with the expansion of real-world assets (RWAs) and a major price surge for a privacy coin. Bybit and Backed are partnering to bring tokenized stocks, including Nvidia, to the Mantle network, highlighting the growing RWA market expected to reach trillions. Simultaneously, Zcash (ZEC) has achieved a $10 billion market cap, re-entering the top 20 cryptocurrencies after an impressive 750% gain since October, establishing itself as a key liquid asset, trailing only Bitcoin in some portfolios.

Tokenized Stocks Arrive on Mantle, Zcash Enters Top-20 After Significant Surge

The cryptocurrency ecosystem continues to diversify and mature, with significant developments observed in both the tokenized real-world assets (RWAs) sector and the performance of established digital currencies. The real-world assets market, encompassing tokenized equities, is projected by some experts to expand into trillions of dollars. Capitalizing on this growth trajectory, Bybit and Backed have announced a strategic partnership to introduce tokenized stocks, specifically Nvidia and Strategy stocks, onto the Mantle network. This initiative underscores the increasing integration of traditional financial instruments with blockchain technology and is expected to contribute to Mantle's ecosystem growth.

Concurrently, the privacy-focused cryptocurrency Zcash (ZEC) has reported a substantial achievement, topping a $10 billion market capitalization. This milestone has enabled ZEC to surpass Hyperliquid and re-enter a coveted spot within the top 20 cryptocurrencies by market cap, following a period of sustained growth. The asset has recorded an impressive 750% gain since October, attracting attention from prominent market observers. Arthur Hayes notably commented on ZEC's enhanced liquidity and prominence, stating it has become the second-largest liquid asset within Maelstrom's portfolio, with Bitcoin (BTC) retaining the top position and serving as a benchmark for other digital assets.