Tokenization · South Korea · The Block
SK Hynix raised $26.5 billion with a share sale of American Depositary Receipts, or ADRs
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The company's ADRs, ticker symbol SKHYV, went live on the Nasdaq on Friday and were up over 13% as of 2:37 p.m.
Key facts
- The company's ADRs, ticker symbol SKHYV, went live on the Nasdaq on Friday and were up over 13% as of 2:37 p.m
- SK Hynix raised $26.5 billion with a share sale of American Depositary Receipts, or ADRs
- Tokenized shares of SK Hynix have been brought to Telegram users following the South Korean chipmaker's successful $26.5 billion U.S. listing, according to a statement from Friday
- Separately on Friday, Backpack launched 24/7 stock trading of select U.S. equities for international investors
Summary
Tokenized shares of SK Hynix have been brought to Telegram users following the South Korean chipmaker's successful $26.5 billion U.S. listing, according to a statement from Friday. Wallet in Telegram, the native crypto wallet built into the messaging app, officially offers access to tokenized shares of SK Hynix through xStocks. "Tokenized equities are redefining how people access global capital markets," Wallet in Telegram Chief Strategy Officer Halil Mirakhmed said. SK Hynix raised $26.5 billion with a share sale of American Depositary Receipts, or ADRs.