Stock tokenization has 3 competing issuance models: native issuance, custodial wrappers and structured notes Whilst each model has its pros and cons, the end goal doesn't change → tokenizing the asset on-chain What matters is what happens after: liquidity, settlement and distribution to users @Mantle_Official is focusing on the infra layer that makes that happen, regardless of model: • @xStocksFi runs on Mantle today as a structured-note model, end to end → Fluxion for liquidity, Atomic RFQ for settlement and @Bybit_Official for distribution • The chain doesn't need issuers to agree on an architecture, it needs to support whichever one they pick Which issuing model being superior isn't the point. What matters is that the more viable models supported → more tokenized assets on-chain → more ways to actually access and trade them Mantle Partner