Backpack Expands Solana Tokenized Assets with Brazil ETF, Cerebras and NEAR

Backpack is expanding its footprint across both traditional assets and crypto markets, adding a tokenized Brazil ETF and Cerebras stock to Solana while bringing NEAR trading to its exchange.

The latest additions give Backpack users onchain access to the iShares MSCI Brazil ETF and Cerebras Systems shares, with both tokens redeemable 1:1 for their underlying securities through Backpack Securities. At the same time, the exchange has added NEAR/USD spot trading and leveraged perpetual futures for the NEAR ecosystem.

The moves come as Backpack continues building a single platform around crypto, tokenized securities and derivatives.

Backpack brings Brazil ETF to Solana

Backpack launched a tokenized version of the iShares MSCI Brazil ETF (EWZ) on October 5.

The token, $EWZ, is issued by Backpack Securities and represents the traditional iShares MSCI Brazil ETF listed on NYSE Arca. Each token can be converted 1:1 into the underlying ETF share through Backpack Exchange.

The token is also designed for 24/7 trading on Solana and can move across the network's wallets, decentralized exchanges and other applications. Backpack lists platforms including Jupiter, Phantom, Solflare, Raydium and Kamino among the places where $EWZ can be accessed.

That structure is important because the token is not simply a price tracker. Backpack says its tokenized securities are backed by the corresponding traditional securities and can be redeemed for the underlying shares.

Cerebras stock joins the lineup

Backpack followed the Brazil ETF launch by adding tokenized Cerebras stock on October 6.

The $CBRS token represents Cerebras Systems shares and is also redeemable 1:1 for the traditional Nasdaq-listed stock through Backpack Securities. Like $EWZ, it can trade around the clock on Solana.

Cerebras is an AI hardware company known for its wafer-scale processors and systems used for AI training and inference. The company listed on Nasdaq in May 2026, giving Backpack users another recently public technology company that can now be represented onchain.

The addition also expands the range of tokenized assets available through Backpack beyond more established large-cap names. Backpack had already added tokenized BlackRock stock to Solana earlier in October, along with other equities and ETFs.

NEAR trading arrives on Backpack

Backpack is also expanding its crypto trading coverage with NEAR.

NEAR/USD spot trading went live on October 6, giving users a dedicated order book for the token. Backpack is also supporting leveraged perpetual futures for NEAR, alongside native USDC deposits and withdrawals for the ecosystem.

The listing gives NEAR traders access to both spot and derivatives markets through the exchange.

NEAR has been attracting fresh attention in recent weeks. Its first U.S. spot ETF launched in late September with $35.5 million in first-day net inflows, while the network has also been pushing its AI and cross-chain infrastructure.

That momentum makes the Backpack integration more relevant than a routine exchange listing.

Altcoin Buzz recently covered how NEAR recovered $3.8 million from its Intents exploit as Token2049 put its AI and cross-chain strategy in focus. The Backpack listing adds another layer to that story by expanding access to NEAR trading across both spot and leveraged markets.

Backpack is building around tokenized assets

The latest launches fit into a broader strategy Backpack started earlier this year with Backpack Securities.

The platform combines a regulated brokerage with tokenization infrastructure. Users can hold traditional securities and convert them into blockchain-based representations that can move through wallets and other onchain applications. Backpack launched the service with Solana as its initial blockchain partner through Sunrise.

Backpack's model also differs from tokenized assets that only track the price of an underlying security. The company says its tokenized securities represent real security entitlements and can be converted between the onchain token and the corresponding traditional asset.

This approach puts Backpack into the same broader Solana trend covered by Altcoin Buzz in Solana’s RWA ecosystem crossed $4 billion as tokenized equities drove growth.

Backpack's latest launches add two more assets to that market while simultaneously expanding the exchange's crypto trading infrastructure with NEAR.

For Backpack, the direction is becoming clearer: traditional securities, crypto assets and derivatives are increasingly being brought into the same trading environment, with Solana serving as the main onchain layer for its tokenized securities.