SK Hynix ($SKHY), South Korea’s dominant memory-chip maker and world chief in Excessive-Bandwidth Reminiscence, is now dwell on Solana by Dawn through Backpack Securities, xStocks, and Ondo.
TL;DR
- South Korea’s reminiscence chief SK Hynix is now listed on Nasdaq and tradable on Solana
- $SKHY by Dawn through Backpack Securities, eligible traders can entry a 1:1 redeemable tokenized inventory tradable and composable inside Solana DeFi
- $SKHYx from xStocks is absolutely collateralized 1:1 by the underlying shares held with a regulated custodian, and transferable 24/7
- $SKHYon from Ondo is a total-return token backed 1:1 at US-registered broker-dealers, transferable 24/7 with 24/5 minting and redemption
- SK Hynix controls ~59% of the worldwide HBM market, 70% of Nvidia’s HBM4 chip allocation, and the whole 2026 provide is offered out.
- Excessive-Bandwidth Reminiscence (HBM) is the densely stacked DRAM that allows fashionable GPUs and superior AI compute
- Web Capital Markets: $SKHY’s itemizing represents the most important international share providing since Alibaba’s IPO in 2014 and it’s out there on Solana from day one
SK Hynix: The reminiscence supercycle hits Nasdaq
SK Hynix has been publicly traded in Korea for many years, however its American Depositary Receipt (ADR) debut in the present day is historic. The corporate is elevating roughly $28 billion, marking the largest inventory issuance from a international firm in U.S. markets. Proceeds from this providing will fund the Yongin “Y1” mega-fab and next-gen HBM4 manufacturing traces at a time when reminiscence bandwidth is the first bottleneck in AI infrastructure.
What SK Hynix Builds
SK Hynix builds three sorts of reminiscence:
- DRAM, which is the quick reminiscence present in computer systems, telephones, and servers tasked with holding non permanent information for lively functions;
- NAND flash, which is the {hardware} inside Stable State Drives (SSDs), telephones, and reminiscence playing cards that retains information intact even when the facility is off, and most critically;
- Excessive-Bandwidth Reminiscence (HBM), which is a specialised, ultra-premium variant of DRAM the place reminiscence chips are stacked vertically like skyscrapers and linked by microscopic wires.
Why HBM Issues for AI
Conventional DRAM lays chips flat throughout a board, requiring information to journey comparatively lengthy horizontal distances between reminiscence and the processor. HBM, nonetheless, stacks chips vertically like flooring in a skyscraper and connects every layer by microscopic wires, permitting for reminiscence to be positioned in stacks mere millimeters from the GPU. The consequence: as much as 10x increased bandwidth, precisely what massive language fashions and AI coaching demand.
The Supercycle is Right here
Demand for HBM has ignited a semiconductor supercycle. SK Hynix instructions:
- Roughly 59% share of the worldwide HBM market.
- Roughly 70% of Nvidia’s HBM4 allocation underneath contract.
- A completely sold-out 2026 HBM manufacturing pipeline
Nvidia now accounts for about 27% of SK Hynix income. In June 2026, SK Hynix overtook Samsung to turn into South Korea’s Most worthy listed firm.
The $SKHY itemizing
For the primary time, traders exterior Korea will be capable of purchase SK Hynix by an bizarre U.S. brokerage. Every ADR represents possession within the underlying Korean shares (through a depositary financial institution), broadening the investor base and opening the door to passive index inclusion and enormous U.S. institutional flows. This itemizing may assist shut a historic valuation low cost versus SK Hynix’s U.S. friends like Micron, as entry expands. The Nasdaq itemizing expands who can personal SK Hynix and bringing $SKHY to Solana adjustments the place, when, and the way that publicity can commerce.
Three Issuers, One Community: Web Capital Markets
On day one, SK Hynix publicity is dwell on Solana by three issuers, every with its personal construction:
- Backpack Securities points $SKHY, a tokenized safety redeemable 1:1 into the corresponding safety entitlement, enabling traders to maneuver and commerce it between Solana, Backpack Securities, and different conventional brokerages. Dividends mirrored by onchain rebasing.
- xStocks lists $SKHYx, absolutely collateralized 1:1 by the underlying shares held with a regulated custodian, transferable 24/7, with company actions like dividends mirrored onchain robotically.
- Ondo lists $SKHYon, a total-return token backed 1:1 by shares held at US-registered broker-dealers, transferable 24/7, with dividends robotically reinvested and 24/5 minting and redemption.
Throughout all three, traders obtain the identical financial publicity because the Nasdaq ADR, with the added advantages of 24/7 world buying and selling, self-custody, and Solana DeFi composability.
Confirm official token addresses earlier than buying: https://www.tokens.xyz/skhy
From Seoul to Solana
SK Hynix’s Nasdaq debut expands entry to a foundational AI infrastructure firm. By bringing $SKHY to Solana on day one, Dawn with Backpack Securities, xStocks, and Ondo are extending that entry to Solana’s Web Capital Markets.
$SKHY might start buying and selling on Nasdaq, however on Solana, the market by no means closes.
