Sandisk’s tokenized stock is now available on both Ondo Finance and Solana-based platforms after the NAND flash company’s shares rose about 857% in the first half of the year following its February spinoff from Western Digital. According to Techub, citing CryptoBriefing, Ondo Finance launched the SNDKon token in March, giving holders access to dividend income. At the end of June, Solana ecosystem platforms Sunrise and Backpack Securities rolled out the $SNDK token, which can be redeemed 1:1 for real shares. Unlike traditional stock market trading hours, the tokenized versions can trade around the clock. The rollout adds Sandisk to the list of equities being brought on-chain through tokenized formats tied to public market shares.
Sandisk’s tokenized stock has started trading on both Ondo Finance and Solana-based platforms after the NAND flash maker’s shares climbed about 857% in the first half of the year following its February spinoff from Western Digital, according to Techub, citing CryptoBriefing.
Ondo Finance launched the SNDKon token in March. Holders are eligible to receive dividend income.
At the end of June, Solana ecosystem platforms Sunrise and Backpack Securities introduced the $SNDK token, which can be redeemed 1:1 for real shares of the stock.
Unlike traditional stock market products that trade within set market hours, the tokenized version is available for 24/7 trading.
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