SK Hynix just pulled off the largest US debut by a foreign company in history, raising $26.5 billion on Nasdaq. Before the confetti even settled, its shares were already living on three blockchains.
Ondo Global Markets listed tokenized SK Hynix shares, trading under the ticker SKHYon, on July 10, the same day the South Korean memory chipmaker began trading on Nasdaq at $149 per American Depositary Share. The tokens are transferable across Solana, Ethereum, and BNB Chain courtesy of LayerZero’s cross-chain infrastructure.
The biggest foreign IPO meets same-day tokenization
SK Hynix sold 177.9 million ADSs in its US listing, making it the single largest first-day offering by any non-American company on US exchanges.
Through its “Ondo Global Listing” service, which launched on February 3, 2026, the protocol has been positioning itself to tokenize NYSE and Nasdaq IPOs on their actual debut day. SK Hynix is the highest-profile test of that capability to date.
