Backpack Securities launched $EWZ, a tokenized version of the iShares MSCI Brazil ETF, on Solana through Sunrise. The token is redeemable 1:1 for traditional ETF shares and transferable to traditional brokerages. The launch coincided with a sharp market reaction to Brazil’s first-round presidential vote: Sen. Flávio Bolsonaro won about 47% of the vote against President Luiz Inácio Lula da Silva’s roughly 45%, sending the Bovespa up more than 8%, the real up more than 4% and EWZ about 13% higher. Backpack Securities launched earlier this year with Sunrise as its tokenization partner, while the existing distribution record also identified LaunchOnSF and Pumpfun support for $EWZ. DefiLlama said in August that tokenized-equity market capitalization had increased ninefold year over year to more than $3.7 billion; its latest dashboard tracks about $2.7 billion in onchain public equities, with roughly $196 million deployed across DeFi.