Backpack officially announced today that @KyleSamani has joined the board of directors. @KyleSamani is the co-founder of Multicoin and one of the earliest investors in Solana. Personally, I think this news is definitely worth talking about. Over the past six months, Backpack's direction has been very clear. They're no longer sticking to the old positioning of exchange + wallet. They're expanding into stocks, ETFs, and on-chain securities, clearly targeting the U.S. market and TradFi users. Kyle's background fits perfectly in the middle. On one hand, he's deeply rooted in Solana's early ecosystem and DeFi. On the other hand, he's been advocating for on-chain financial infrastructure for years. Bringing him onto the board perfectly reflects the shared belief between @KyleSamani and Backpack's team: the future of global finance will seamlessly combine institutional risk control with the efficiency and transparency of on-chain markets. Of course, this won't be easy to execute. The U.S. side demands regulation, risk control, and compliance; while the crypto side prioritizes efficiency, liquidity, and 24/7 operations. These two sets of logic will inevitably clash. But can traditional financial assets truly flow in an on-chain manner? This question has been asked for years, yet very few have seriously tried to turn it into a product. Backpack has been consistently working to solve this problem. With @KyleSamani joining, the platform now gains another perspective rooted in Solana's native ecosystem. This powerful collaboration might just be the key to solving this challenge. If you're interested, keep an eye on future developments. You can also follow the official Twitter account @Backpack_CN for the latest updates.