Backpack @ Backpack_CN is promoting the US stock market this time. Where is the real nuclear grade Alpha? Many people believe that the highlight is the ability to buy real US stocks and support mutual conversion with mainstream securities firms. But to be honest, compliant buying of US stocks has long become a red ocean, and it is difficult to establish absolute barriers solely based on "orthodox bloodline". The real sexiness of it lies in the complete integration of traditional finance and Crypto's "asset islands" into the same account logic for the first time: during the day (Wall Street property rights form): assets are honestly kept within the DTCC (US Central Depository and Clearing Corporation) system, protected by New York law and UCC Article 8, and you can steadily earn dividends with NVDA and TSLA. Evening (Solana on chain form): One click switch of real US stock holdings to the chain, without the need to sell stocks, directly serving as collateral, margin or liquidity pool in DeFi for arbitrage. There's no need to sell stocks, just freeload the capital efficiency on the chain In the past, traditional securities and DeFi were two parallel universes. And what Backpack wants to do is integrate the physical property security of Wall Street with the ultimate liquidity of cryptocurrency. Once this logic runs smoothly, the US stock market will no longer be just an investment product, but will directly become the most solid underlying asset in your crypto account balance sheet. This is difficult, but BP's pullback at least tells us that this road is already on its way.