Introducing SK Hynix (SKHY) on Backpack: Nasdaq ADR and Tokenized Access from Launch

Backpack introduces SK Hynix's Nasdaq ADR from Day 1. Eligible users can trade SKHY through Backpack Securities, or the tokenized $SKHY on Solana, redeemable 1:1 for the underlying ADR.

About SK Hynix

SK Hynix Inc. (Nasdaq: SKHY) is one of the world's largest memory chipmakers, with a focus on high-bandwidth memory (HBM) and enterprise solid-state drives (eSSDs). It holds a 56.4% share of the global HBM market as of Q1 2026, according to IDC data cited in the company's F-1 filing.

SKHY on Backpack Securities 

Eligible users can trade the SK Hynix Nasdaq ADR, ticker SKHY, on Backpack Securities at its US listing. Each ADR represents one-tenth of a Korea-listed SK Hynix common share (KRX: 000660).

Your shares are held as real security entitlement under New York law (UCC Article 8), with support for cash dividends, corporate actions, and transfers to other US brokerages. 

Tokenized $SKHY on Solana

Each $SKHY token is tradable 24/7 on Solana and redeemable 1:1 for a real SKHY ADR through Backpack Securities.

Token details

Moving between $SKHY and real SKHY ADRs

$SKHY and real SKHY ADRs are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

• Withdraw the SKHY ADR from Backpack Exchange to tokenize it into $SKHY on Solana.
• Deposit $SKHY from a Solana wallet to Backpack Exchange to convert it back into the SKHY ADR held in Backpack Securities.

The descriptions provided herein are for informational purposes only. For details, please see the Backpack Securities Terms of Service, available in the User Agreement.