AAPL, NVDA, SPCX TradFi perpetual contracts are now live on Backpack. Among them, SPCX can now also be used as collateral within the unified account system. This change is actually quite significant. With this move, Backpack not only gives users more assets to trade, but more importantly, it improves capital efficiency. Stocks, ETFs, Crypto, derivatives—at their core, they’re all assets. But in the past, they’ve been fragmented across different platforms and rules. Now, with stock-based assets able to participate in the margin system, the boundaries between traditional assets and on-chain trading are becoming even blurrier. Backpack’s roadmap is becoming clearer, from trading, lending, and margin to now offering TradFi products: One account connecting Crypto, securities, and on-chain finance. From wallet to exchange, and now to TradFi products, Backpack is steadily building out its financial infrastructure.