SK Hynix, a $28 billion Nasdaq-listed memory chip giant, has launched its tokenized stock (ticker: SKHY) on Solana. The listing marks the largest foreign share issuance in US market history and trades on-chain from day one. SK Hynix supplies 59% of the global High-Bandwidth Memory (HBM) market and holds 70% of Nvidia's HBM4 allocation; its entire 2026 production run is already sold out.
Issuers and Trading Infrastructure
The tokenized stock is issued through three independent entities: Backpack Securities (in partnership with Sunrise), xStocks, and Ondo Finance. Traders can buy SKHY immediately on major Solana apps including dFlow, Titan Exchange, Phantom, Jupiter Exchange, Raydium, Solflare, Kamino Swap, and Mayan. Solana Foundation is running a $25,000 prize pool trading campaign for SKHY, powered by Sunrise and Torque Protocol, open to Frontier program participants.
By putting a company that controls key AI chip supply on-chain, the listing gives everyday investors exposure to AI infrastructure demand rather than just software hype. HBM chips are the backbone of AI training, and SK Hynix dominates that supply chain.
Solana Leads Tokenized Stock Race
New data shows Solana now has 295,357 total real-world asset (RWA) holders, more than any other blockchain. Tokenized equities account for over 72% of all RWA holders on the network. Among the top 15 RWA assets by holder count, 12 come from xStocks; the rest are Orogold's GOLD token, Ondo's US Dollar Yield product, and OnRe's tokenized reinsurance product.
Tokenized Gold Surges 213% Quarter Over Quarter
According to Birdeye Data, Solana's tokenized gold market cap grew 213.2% QoQ from 2025 into H1 2026 — 8.3 times faster than the average across all blockchains. The recent launch of PAXG (a gold-backed token) via Sunrise has fueled this growth. If the pace continues, tokenized gold could become a major pillar of Solana's asset base.
CashCat Meme Token and Pay.sh Micropayments
The meme token CashCat launched on Solana via Sunrise, showing the network's capacity for both institutional capital and community-driven culture. Separately, Pay.sh, a tool built on the x402 payment standard, enables tiny payments per API call (often fractions of a cent). In a live demo, a Solana Foundation member chained together lead generation, contact research, and automated email outreach for a total cost under $3 — replacing what used to be a $1,000/month software subscription.
Epoch 1000: A Quiet Milestone
Solana's mainnet crossed Epoch 1000 this week. Each epoch lasts roughly two to three days to organize validator activity and rewards. The network community celebrated with a campaign where users could look up their first epoch and share a personal "survivor card," no wallet connection needed.
SOL Price Context
SOL is trading in the upper $70s to low $80s range, recovering from earlier 2026 lows. Total value locked (TVL) hit a five-week high, while futures positioning shrank — a mix that often signals real spot buying rather than leveraged speculation. RSI sits in neutral-bullish territory. Analysts note that the SK Hynix listing is a stronger long-term signal than short-term price moves. Bringing a $28 billion company on-chain with three independent issuers and live trading infrastructure suggests institutions view Solana as serious market plumbing, not a speculative sandbox. Combined with the largest RWA holder base and fast-growing tokenized gold, the network's real-world asset thesis looks more grounded than a few months ago.