300K Holders As Backpack Adds Brazil ETF, Cerebras To Solana

Key Points

• Backpack Securities launched a tokenized iShares MSCI Brazil ETF on October 5 and tokenized Cerebras Systems stock on October 6, both on Solana.
• Cointelegraph reported that Backpack-issued stock tokens on Solana passed 300,000 holders, while Solana’s RWA ecosystem has crossed $4 billion on equity growth.
• $EWZ and $CBRS trade 24/7 and redeem 1:1 for real shares, and Backpack names Jupiter, Raydium and Kamino as places to reach $EWZ.

Backpack has put two more traditional assets on Solana: a tokenized iShares MSCI Brazil ETF, $EWZ, on October 5 and tokenized Cerebras Systems stock, $CBRS, on October 6. Cointelegraph reported on X that “Backpack-issued tokenized stocks on Solana have surpassed 300,000 holders,” and Altcoin Buzz detailed the new listings on October 7. For your wallet, that means a Brazil equity basket and a newly public AI hardware maker you can hold in Phantom and route through Solana DEXs around the clock, with each token redeemable 1:1 for the real share.

Backpack Puts $EWZ And $CBRS On Solana

Backpack launched $EWZ on October 5. Backpack Securities issues the token, and it represents the iShares MSCI Brazil ETF listed on NYSE Arca.

$CBRS followed on October 6. It represents shares of Cerebras Systems, the AI hardware company that listed on Nasdaq in May 2026.

Both tokens redeem 1:1 for the underlying security through Backpack Securities. Backpack says they are backed by the matching traditional securities, not built as simple price trackers.

Here is the DeFi part. Both tokens trade 24/7 on Solana and can move across wallets, DEXs and other apps.

Backpack lists Jupiter, Phantom, Solflare, Raydium and Kamino among the places you can access $EWZ.

The exchange also opened NEAR/USD spot trading and NEAR perpetual futures on October 6, with native USDC deposits and withdrawals.

300,000 Holders And A $4B Solana RWA Market

Backpack’s token shelf is drawing a crowd. Cointelegraph reported on October 6 that Backpack-issued stock tokens on Solana passed 300,000 holders.

The wider market is growing too. Altcoin Buzz reports that Solana’s RWA ecosystem crossed $4 billion as tokenized equities drove growth.

These are not Backpack’s first equities this month. It added tokenized BlackRock stock to Solana earlier in October, along with other stocks and ETFs.

The structure is the selling point. Backpack Securities pairs a regulated brokerage with tokenization infrastructure, and it launched with Solana as its first chain through Sunrise.

Users can convert brokerage holdings into on-chain tokens and back again. Backpack says the tokens represent real security entitlements.

For a DeFi user, this matters less as a brokerage product than as two redeemable stock tokens that trade on Solana DEXs around the clock.

Should you move capital? The source lists no yield for either token, so treat them as equity exposure, not a rate trade.

$EWZ gives you a basket of Brazilian stocks. $CBRS gives you a single AI hardware name, priced in a market that never closes.

If you want context first, browse DeFi-native coverage of tokenized stocks on Solana before you pick a route.

Cerebras Opt-Out, DEX Liquidity And What To Watch

$CBRS lands with a backstory. In RWA Insider’s report on the OKXICE plan to trade 63 tokenized stocks, Cerebras was the first issuer to object to its listing.

Backpack’s version does not depend on that venue. Its own brokerage arm issues $CBRS and redeems it 1:1 for the Nasdaq-listed shares.

That same coverage carried a warning from Robinhood crypto chief Johann Kerbrat. He said existing trading activity could run into the SEC exemption’s caps on eligible symbols and volume.

Rules, not only demand, may decide how many U.S. names reach on-chain markets.

Liquidity is the open question. The source gives no pool depth or trading volume for either token, so check the route on Jupiter before you size a trade.

Round-the-clock trading cuts both ways. EWZ trades on NYSE Arca and Cerebras on Nasdaq during set hours, so token prices can drift while those markets sleep.

Redemption also runs through Backpack, so turning a token back into a real share means going through the exchange.

Watch Kamino next. Backpack lists it as an access point for $EWZ, but the source does not say whether it supports borrowing against the token.

Backpack made the first move with redeemable stock tokens that live in a Solana wallet. Whether DEX liquidity and lending markets follow is what your portfolio actually depends on.

Check pool depth on Jupiter or Raydium before you route a trade into $EWZ or $CBRS.

Frequently Asked Questions

What is Backpack’s $EWZ token and how does it work?

$EWZ is a token issued by Backpack Securities that represents the iShares MSCI Brazil ETF listed on NYSE Arca. Each token converts 1:1 into the underlying ETF share through Backpack Exchange, and it trades 24/7 on Solana.

Where can I trade tokenized Cerebras stock on Solana?

$CBRS trades around the clock on Solana and can move across wallets and decentralized exchanges. For its sister token $EWZ, Backpack lists Jupiter, Phantom, Solflare, Raydium and Kamino as access points, so confirm a $CBRS pool exists before you trade.

Are Backpack tokenized stocks backed by real shares?

Backpack says its tokenized securities are backed by the corresponding traditional securities and represent real security entitlements. Both $EWZ and $CBRS redeem 1:1 for the underlying security through Backpack Securities.

How big is Backpack’s tokenized stock user base?

Cointelegraph reported on October 6 that more than 300,000 holders now hold Backpack-issued tokenized stocks on Solana. The growth comes as Solana’s RWA ecosystem crossed $4 billion, led by tokenized equities.