in 2d· 10 JulRelease

SK Hynix Tokenized on Solana

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Description

Backpack launches $SKHY, a 1:1 redeemable tokenized version of SK Hynix shares tradable between Nasdaq and Solana via Sunrise.

Why it matters

Backpack's Sunrise is now live with a redeemable tokenized version of SK Hynix shares, trading across Nasdaq and Solana, which establishes a working template for on-chain equity exposure on the network. For Solana, this adds a concrete RWA capability rather than a roadmap promise, broadening the assets the chain can route. The effect is real but contained to one ticker and one issuer pair, so the re-rate is incremental credibility, not a thesis shift.

Proof

Source
x.com
Added to CoinMarketCal
08 Jul 2026
Last updated
Today