CryptoMedium•5 October 2026•
1 min read
Backpack Launches Tokenized iShares MSCI Brazil ETF on Solana
Key Facts
1Backpack Securities launched a tokenized version of the iShares MSCI Brazil ETF (EWZ) on the Solana blockchain.
2The tokens are redeemable 1:1 for traditional ETF shares.
3The launch coincided with a 13% rise in EWZ following the first round of the Brazilian presidential election.
Backpack Securities launched a tokenized version of the iShares MSCI Brazil ETF (EWZ) on the Solana blockchain. According to crypto-economy.com, the tokens are redeemable 1:1 for traditional ETF shares, bridging traditional financial assets with blockchain technology.
The launch coincided with a 13% rise in the EWZ index following the first round of the Brazilian presidential election. The EWZ instrument closed at $43.165 on October 5, 2026, recording a day high of $43.9 and a low of $42.74.