Tokenized SK Hynix shares worth $26.5B are now tradeable on Solana via Backpack, xStocks, and Ondo Finance.
RWA & Tokenization ·
Tokenized shares of SK Hynix, valued at $26.5 billion, are now tradeable on Solana through three platforms: Backpack, xStocks, and Ondo Finance. The move makes the South Korean chipmaker's US listing accessible to users via Telegram and other distribution channels on the Solana blockchain.
Tokenization enables traditional equity to be represented and traded as digital assets, typically reducing friction and broadening access to institutional securities. This deployment pairs fractional ownership of a major public company with the settlement speed and low barriers of a Layer 1 blockchain ecosystem.
The exact mechanics of custody, settlement, and regulatory oversight for these tokenized shares—as well as trading volumes or user uptake since launch—have not yet been detailed in available reporting.