Check "Generate RAP File" – This creates a license file required for HEN users. If you’re on CFW with Cobra enabled, you may not need it, but it’s good practice.

These tools typically work by extracting the data from the PSP ISO file and re-packing it into a PKG file that can be installed on the PS3.

(aka “PSP to PS3 Converter”)

If you have a collection of classic PSP games and want to experience them on the big screen, converting your for the PlayStation 3 is the most effective method. While the PS3 doesn't natively play PSP discs, a "PSP ISO to PKG converter" allows you to repackage these games into "PSP Remasters" or "PSP Minis" that the PS3 can install and run directly from the XMB (Cross Media Bar). Top PSP ISO to PKG Converters for PS3

While not PSP-specific, this suite can generate PKGs for any homebrew or game, including PSP titles. It’s more complex but offers full control over encryption.