SK Hynix Record US Debut Meets Instant Blockchain Tokenization

SK Hynix executed the largest US debut by a foreign company in history, raising $26.5 billion on Nasdaq. On the same day, its shares were tokenized on three blockchains.

Ondo Global Markets listed tokenized SK Hynix shares, trading under the ticker SKHYon, on July 10. The tokens are transferable across Solana, Ethereum, and BNB Chain using LayerZero’s cross-chain infrastructure.

SK Hynix sold 177.9 million American Depositary Shares at $149 each. The company is the world’s leading producer of high-bandwidth memory, a critical component for Nvidia’s AI GPUs and the data centers powering major language models.

Ondo’s "Global Listing" service aims to tokenize NYSE and Nasdaq IPOs on their debut day. The platform, which launched in September 2025, has expanded its tokenized stock catalog to over 430 assets and surpassed $500 million in total value locked.