SK Hynix, South Korea's semiconductor manufacturer, now trades in tokenized form on BNB Chain through three separate platforms launched on the company's Nasdaq debut day.
Binance's bStocks platform issued SKHYB, Ondo Finance launched SKHYon, and xStocks deployed SKHYX. The announcement came as SK Hynix completed a $26.5 billion initial public offering, the largest foreign listing in U.S. history.
Tokenized equity offerings on blockchain networks allow retail and institutional investors to hold fractional shares of publicly traded companies with blockchain settlement. The mechanism works by bridging traditional equity with on-chain infrastructure, typically through partnerships between financial platforms and blockchain networks. Each token represents a claim on the underlying stock or equivalent exposure.
SK Hynix manufactures DRAM and NAND flash memory chips used in data centers, consumer devices and artificial intelligence systems. The company competes with Intel, Samsung and Taiwan Semiconductor Manufacturing Company in the broader chip sector.
BNB Chain, operated by Binance, has positioned itself as an infrastructure layer for real-world asset tokenization. The ecosystem includes Ondo Finance, which offers institutional-grade tokenized products, and xStocks, a platform focused on bringing equity exposure to decentralized networks.
The timing of the tokenized offerings mirrors a broader push by crypto infrastructure providers to capture institutional capital flows around major public equity events. Tokenization platforms have expanded throughout 2026 as regulatory clarity around digital asset representation improved in major markets.
SK Hynix stock opened at $26.50 per share on July 10, raising $26.5 billion and setting a record for foreign offerings on U.S. exchanges.
