Backpack this time directly combines TradFi and Crypto, with stock ETFs on the chain still able to receive dividends, and Solana acting as a settlement layer is quite interesting.

Backpack will launch Backpack Securities within a week, a new securities brokerage service connecting traditional finance and crypto finance, offering real security ownership, on-chain tokenized issuance, and unified capital management. Users can hold stocks/ETFs and receive dividends through U.S. market infrastructure, while also enabling security asset tokenization, on-chain transfer, and bidirectional conversion. The first batch of tokenized securities is based on Solana, with Sunrise providing liquidity.