Digital asset platform Backpack has launched a tokenized version of the iShares MSCI Brazil ETF (EWZ) on Solana, giving users a way to trade tokenized certificates that represent shares of the ETF onchain. The rollout comes at a time when the Brazil-focused fund has been moving higher alongside a sharp rally in the local market following an unexpected presidential election result. The update was reported by Techub News, citing Crypto Briefing. The announcement centers on access to a tokenized form of the ETF through Solana rather than a separate fund launch, with trading tied to certificates linked to EWZ shares.
Digital asset platform Backpack has launched a tokenized version of the iShares MSCI Brazil ETF (EWZ) on Solana, according to Techub News, which cited Crypto Briefing.
Users can now trade tokenized certificates on Solana that represent shares of the ETF. The launch comes as the Brazil-focused ETF has been rising alongside a sharp move higher in the local market after an unexpected presidential election result.
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