Newest Coin Listing: SKHY

Hello, Sobee!

We are excited to announce that SK Hynix Tokenized Stock (SKHY) is now available on the Mobee app.

About SK Hynix Tokenized Stock

SK Hynix Tokenized Stock (SKHY) is a token representing shares of SK hynix Inc., the South Korean memory chip manufacturer and a key supplier of HBM (High Bandwidth Memory) chips for Nvidia. It was recently listed on the NASDAQ through a US$28 billion offering in July 2026—one of the largest foreign stock sales in U.S. capital market history—and is tokenized on the blockchain, issued by Ondo Finance through its issuer entity, Ondo Global Markets (BVI) Limited.

Unlike typical crypto tokens, SKHY is not a speculative asset but a digital certificate fully backed by actual SK hynix shares, held by a regulated custodian on behalf of token holders.

What Sets SK Hynix Tokenized Stock Apart

• 1:1 Backed Stock Tokens - SKHY is fully backed (1:1) by actual SK hynix Inc. shares held at a licensed U.S. broker-dealer or trust company, and verified through daily reports from an independent Verification Agent.
• Supply Follows Conversion Demand - Unlike tokens with a fixed supply, new SKHY tokens are minted only when users deposit the underlying shares and are burned when redeemed back into shares, ensuring the circulating supply aligns with conversion demand.
• Built on Ethereum - As an ERC-20 token on the Ethereum network, SKHY connects with the broader DeFi ecosystem and major crypto wallets, while benefiting from the security of the Ethereum mainnet.
• 24/5 Trading Availability - The minting and redemption process for SKHY operates from Sunday evening to Friday evening U.S. time, offering significantly broader access than the standard NASDAQ trading hours.
• Representation, Not Direct Ownership - Holding SKHY provides price exposure to SK hynix Inc. shares rather than direct equity ownership, meaning it does not carry conventional shareholder voting rights.

SKHY Token

• Network: Ethereum
• Token standard: ERC-20
• Issuer: Ondo Finance, through the issuing entity Ondo Global Markets (BVI) Limited
• Collateral ratio: 1:1 with underlying SK hynix Inc. shares, held at a licensed US broker-dealer or trust company
• Supply scheme: follows a mint-and-burn mechanism based on conversion activity, rather than a fixed supply

Important note: SKHY is a tokenized representation of SK hynix Inc. shares, not direct equity ownership, and does not grant conventional shareholder voting rights. Its value tracks the price movement of SK hynix shares in the US market, meaning it remains exposed to the volatility and risks of standard equity markets, including sensitivity to global memory chip demand cycles and AI sector sentiment, given that a significant portion of the company's business is tied to chip supply for AI computing infrastructure. Please ensure you understand this tokenization mechanism and align your decisions with your individual risk profile before trading.

Start trading SKHY now and discover more opportunities in the world of digital assets with Mobee.

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