Telegram users can now buy tokenized exposure to SK Hynix shares through Wallet in Telegram, adding one of the world’s most important semiconductor companies to a growing menu of blockchain-based stock products after the South Korean chipmaker’s $26.5 billion U.S. listing.
The integration is being offered through xStocks inside Wallet in Telegram, the crypto wallet embedded directly in the Telegram messaging app. The product gives eligible users access to tokenized versions of SK Hynix American Depositary Receipts, which began trading on Nasdaq under the ticker SKHYV.
The move links three fast-growing markets: artificial intelligence hardware, tokenized real-world assets, and consumer-facing crypto wallets. It also brings a major Asian semiconductor name into the same distribution channel used by millions of Telegram users who already hold or transfer digital assets through the app.
The SK Hynix share sale was reportedly seven times oversubscribed, reflecting strong demand for exposure to memory chips and high-bandwidth memory used in artificial intelligence systems. Trading in the ADRs began on Nasdaq on Friday, and the shares were up more than 13% by 2:37 p.m. ET. The offering was priced at $149 per share.
The U.S. listing is one of the largest capital raises of 2026 and comes as traders continue to seek exposure to companies tied to the rapid expansion of AI infrastructure. SK Hynix is a major supplier of advanced memory products, including chips used in data centers and AI accelerators.
Tokenized shares reach Telegram’s user base
Wallet in Telegram is backed by The Open Platform and is built into Telegram’s interface, allowing users to access crypto services without leaving the messaging app. The wallet has more than 150 million registered users, while Telegram itself has more than 1 billion users globally.
By connecting xStocks to Wallet in Telegram, the platform is attempting to make tokenized equities available to a broad retail audience. Instead of opening a traditional brokerage account, eligible users can access supported tokenized stock products from within a familiar mobile app environment.
The launch also underscores how tokenized equities are moving from niche crypto tools toward more mainstream distribution. These products are designed to represent exposure to shares or depositary receipts using blockchain tokens. Depending on the structure, they may be backed by underlying securities held by a custodian, and holders may receive economic benefits such as price exposure or cash distributions, subject to the product’s terms and local rules.
The availability of SK Hynix through Telegram does not mean the product is open to every user in every country. Tokenized stock products are typically subject to jurisdictional restrictions, identity checks, securities regulations, and platform-specific eligibility requirements.
Solana adds another route to SK Hynix exposure
Solana also announced that tokenized SK Hynix shares can be accessed on its blockchain through Backpack and Ondo Finance. Backpack, which recently began offering 24-hour trading for selected U.S. equities, said it currently lists tokenized versions of SpaceX, Micron, and SanDisk.
The presence of SK Hynix on multiple blockchain-based platforms shows how quickly tokenized equity providers are expanding beyond the largest U.S. technology names. Earlier tokenized stock products often focused on widely followed companies such as Tesla, Nvidia, Apple, and private-market names linked to technology or space exploration. The inclusion of SK Hynix reflects growing demand for companies central to the AI supply chain.
Ondo Finance has also been active in tokenized real-world assets, a sector that includes tokenized Treasury products, credit instruments, and equity-like products. The broader trend is aimed at bringing traditional financial assets onto public blockchains, where they can potentially trade outside standard market hours and settle more quickly than many conventional systems.
Round-the-clock trading is one of the clearest selling points for tokenized equities. Traditional U.S. stock markets operate during set hours, with limited premarket and after-hours sessions available through some brokers. Blockchain-based products can, in some cases, trade continuously, including nights, weekends, and holidays.
That feature may appeal to traders in Asia, Europe, Africa, and Latin America who do not operate on U.S. market hours. It may also increase activity around major corporate events, earnings reports, and macroeconomic news that occur when standard exchanges are closed.
SpaceX allocation shows retail demand
Wallet in Telegram said retail participants received a 60% allocation in a prior SpaceX-related offering earlier this year. The platform cited that allocation as evidence of strong demand from smaller market participants for access to high-profile private and public companies through tokenized products.
SpaceX-related tokenized products have attracted attention because the company remains private and is not available through standard public equity markets. Products tied to private companies can be more complex than those linked to publicly traded stocks, because liquidity, valuation, shareholder rights, and transfer rules can differ significantly from listed securities.
Early figures cited by platforms connected to the sector indicated that on-chain trading activity in SpaceX-linked stock products reached hundreds of millions of dollars within days of launch. The wider market for tokenized stocks has also grown, with global value across these online equity products recently cited at about $1.85 billion.
That figure remains small compared with traditional stock markets, where trillions of dollars in equities trade across global exchanges. Still, the rate of growth has made tokenized equities one of the most closely watched areas in digital finance.
Why SK Hynix matters to AI markets
SK Hynix has become one of the most important companies in the AI hardware supply chain. The company is a major producer of DRAM and NAND memory, and it has gained particular attention for high-bandwidth memory, known as HBM.
HBM is a critical component in advanced AI systems because it allows processors to handle large amounts of data more efficiently. As AI models become larger and more expensive to train and operate, demand for memory products used in data centers has increased sharply.
The company competes with major global memory producers, including Samsung Electronics and Micron Technology. Its U.S. listing gives American market participants a more direct way to trade exposure to the company, while tokenized versions extend that access to blockchain-based platforms.
The strong response to the SK Hynix offering reflects the broader market appetite for AI-related hardware companies. Demand has extended across chip designers, foundries, memory producers, server manufacturers, networking companies, and power infrastructure providers.
The listing also comes at a time when governments are treating semiconductor supply chains as strategic assets. The United States, South Korea, Taiwan, Japan, and the European Union have all introduced policies aimed at supporting domestic chip capacity or securing access to advanced components.
How tokenized equities differ from normal shares
Tokenized shares can be convenient, but they are not always identical to holding ordinary shares through a traditional broker. The rights attached to a token depend on the issuer, custodian, jurisdiction, and legal documents behind the product.
Some tokenized equities are structured to provide economic exposure to the price of a stock, while others may claim backing by actual shares held with regulated custodians. Voting rights, dividend handling, redemption options, fees, and transferability can vary widely.
Traders also need to consider liquidity. A product may be available 24 hours a day, but that does not guarantee deep order books at all times. Weekend or late-night activity can involve wider spreads, thinner volume, and prices that move differently from the underlying stock when the main exchange is closed.
There is also the question of price alignment. When Nasdaq is open, tokenized ADR products may track the underlying market more closely. When Nasdaq is closed, prices can reflect expectations, news, supply and demand on the tokenized venue, and liquidity conditions rather than live exchange trading.
Settlement and custody are also different. Traditional stock trades usually settle through established securities depositories and clearing systems. Tokenized products operate through blockchain transfers and platform-level custody arrangements, which can introduce smart contract, wallet, operational, and counterparty risks.
Stablecoins and wallet access
Many tokenized equity platforms allow users to fund accounts or trades with stablecoins, including digital dollars. This can reduce reliance on bank transfers in some markets and may make access faster for users already active in crypto.
However, stablecoin use carries its own requirements and risks. Users may need compatible wallets, verified accounts, blockchain network fees, and access to supported tokens. They may also need to understand how deposits, withdrawals, conversions, and redemptions work on each platform.
Some users in the broader Telegram and TON ecosystem use wallets such as Tonkeeper, while Wallet in Telegram provides an embedded experience inside the messaging app. Access to any specific tokenized stock product depends on platform support, location, and compliance approval.
The ability to use digital dollars for stock-linked products is part of a larger shift toward programmable financial markets. Supporters of tokenization argue that assets can move faster, trade longer, and become more accessible when placed on blockchain rails. Critics caution that convenience should not obscure legal complexity, custody risk, and regulatory uncertainty.
Regulatory questions remain
Tokenized equities sit at the intersection of securities law, digital assets, custody, and cross-border distribution. Regulators in different countries may treat the same product differently, especially if it is offered to retail traders.
In the United States, securities-linked products are subject to strict rules on issuance, trading, custody, disclosures, and market access. Outside the United States, local regulators may impose their own requirements or restrict access to certain products.
Tax treatment is another important issue. Cash distributions, capital gains, token transfers, and redemptions may be reported differently depending on the user’s country. Automated wallet transfers do not eliminate tax obligations, and platform fees can affect net returns.
Because of these issues, tokenized stock platforms generally require users to complete identity verification and accept detailed terms of service. Those terms can determine whether a holder has direct ownership, beneficial exposure, redemption rights, or only contractual claims against an issuer.
A broader shift in market access
The launch of tokenized SK Hynix shares through Telegram and Solana-based platforms points to a wider change in how financial products are distributed. Large technology communities, crypto wallets, and blockchain networks are increasingly becoming gateways to assets that once required traditional brokerage infrastructure.
For traders, the appeal is clear: faster access, more flexible hours, and exposure to major public and private companies through digital wallets. For providers, tokenized equities offer a way to connect crypto-native users with traditional market assets.
The SK Hynix launch is especially notable because it combines strong demand for AI-related chip exposure with the distribution power of Telegram and the liquidity ambitions of tokenized stock platforms. Whether the model becomes a major part of global equity trading will depend on regulation, transparency, custody standards, and the ability of these products to remain closely aligned with their underlying assets.
For now, the listing gives tokenized equity platforms another high-profile name in the AI hardware trade, while giving eligible Telegram users a new way to access one of the semiconductor industry’s most closely watched companies.
Curious about tokenized SK Hynix shares? Learn how tokenized equities work across crypto and traditional markets.
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