$500 million in trading volume and over 10,000 holders… Token linked to SK Hynix
Original headline5억달러 거래량·보유자 1만명 넘어…SK하이닉스 연계 토큰
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SK Hynix ($SKHY) stock-linked tokens have surpassed $500 million (approximately 672 billion won) in cumulative trading volume on Solana, with over 10,000 holders. According to a July 3 Solana post, the tokens launched on Solana the day SK Hynix listed on Nasdaq and circulated across the ecosystem. The Solana Foundation's July 10 announcement detailed three products: SKHY via Sunrise through Backpack Securities, SKHYx from xStocks, and SKHYon from Ondo. Backpack's product allows eligible users to redeem 1:1 for corresponding securities rights, SKHYx is backed by underlying shares held with a custodian, and SKHYon is based on shares held by a US-registered broker-dealer. The milestone signals growing institutional and retail adoption of tokenized equities on Solana, with watch points including whether trading velocity sustains post-launch and how the three competing structures perform on redemption and custody.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
SK Hynix, Solana (SOL), Backpack Securities, xStocks, Ondo (ONDO)
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