Viewpoint: Traditional capital markets are eager for more native Web3 companies, and Backpack has become the next potential target

Odaily News Circle is about to be listed on Nasdaq. As a Web3 native company with USDC as its core issuer, it has become another milestone in successfully entering the mainstream capital market in the United States after a few companies such as Coinbase. Industry insiders pointed out that the traditional capital market has a huge demand for exposure to the cryptocurrency field, but currently Web3 native companies that meet compliance requirements, can be effectively valued, and can be publicly traded are still scarce.
In this context, Backpack is seen as the next strong candidate for a structure that is close to acceptance by the U.S. capital market. Backpack’s appeal lies not only in its innovative product matrix, but also in its complete layout in compliance awareness, entity registration, and product stratification.
The market believes that Backpack has demonstrated great potential to become a "retail financial platform" in the Web3 era. Its rapid momentum in user growth and its structural status that is close to what the traditional financial market can understand make it an attractive potential target when Wall Street seeks measurable and valuable crypto companies.