Introducing Tokenized Roundhill Memory ETF ($DRAM) 

Today, Backpack introduces the tokenized Roundhill Memory ETF ($DRAM) on Solana. Each $DRAM token is redeemable 1:1 for a share of the Roundhill Memory ETF through Backpack Securities.

Official token address: DRAMjSWR7HRfJKjRkvQWYL2bcaejaVhuxEcjf4pAY4Cw. Always verify before trading.

Investors can hold Roundhill Memory ETF shares through established brokerage infrastructure, convert them into tokenized securities on Solana, and redeem them back into the corresponding security entitlement through Backpack Securities. This two-way door between traditional securities and blockchain networks gives investors access to both markets from a single platform.

About the Roundhill Memory ETF 

The Roundhill Memory ETF is an exchange-traded fund managed by Roundhill Financial Inc. that provides exposure to global memory chip companies. 

The fund invests at least 80% of its net assets in equity securities of companies that derive at least 50% of their revenues or profits from semiconductor memory products, including high bandwidth memory (HBM), DRAM, NAND flash, NOR flash, hard disk drives, and speciality and embedded memory. Exposure is obtained through direct equity holdings and, in some cases, derivative instruments such as swap agreements and forward contracts.

The fund's top exposures include leading global memory producers such as Samsung Electronics, SK hynix, Micron Technology, Kioxia, and Sandisk. Two of the fund's largest exposures, Samsung Electronics and SK hynix, are headquartered in South Korea. 

Two ways to hold the Roundhill Memory ETF 

Backpack supports two forms of the Roundhill Memory ETF:

Traditional Securities on Backpack: Real security entitlements governed under New York law (UCC Article 8), supported by established brokerage, clearing, custody, and transfer infrastructure, with real ownership rights including cash dividends, corporate actions, brokerage transfers, and applicable tax treaty benefits.

Tokenized Securities Issued by Backpack: Self-custodied tokenized securities on Solana with 24/7 trading, wallet-to-wallet transfers, DeFi compatibility.

Move between the two forms

The two forms are connected through a seamless, two-way door. Seamlessly convert traditional securities into tokenized securities and vice versa through Backpack Securities deposits and withdrawals. On/off-ramp securities between traditional brokerages and Solana.

The process is designed to be as straightforward as depositing or withdrawing a stablecoin between a wallet and an exchange.

Dividends and corporate actions

Dividends and corporate actions are supported across both ownership models.

• For securities held through Backpack Securities, cash dividends and corporate actions are processed through traditional brokerage infrastructure.
• For tokenized securities, dividend payouts are automatically reinvested into additional tokenized shares, while applicable corporate actions are reflected through proportional token balance adjustments designed to maintain economic equivalence with the underlying security.

Tokenized $DRAM Issued by Backpack vs. Typical Tokenized Stock

Most tokenized stocks on the market stop at tracking the price. Tokenized securities issued by Backpack go further: each token is redeemable 1:1 for the real underlying security.

The descriptions provided herein are for informational purposes only. For details, please see the Backpack Securities Terms of Service, available in the User Agreement.