Dinari dShare tokens are not available for sale or redemption in your country. Please see our documentation for more details.
Dinari dShare tokens are not available for sale or redemption in your country. Please see our documentation for more details.
Beginning July 10, eligible investors will be able to access SK hynix through dShares™, as the company expands its global investor base with one of the largest U.S. ADR offerings in history.
On July 10, SK hynix is expected to begin trading on Nasdaq through an American Depositary Receipt (ADR), marking a significant milestone for one of the world's most important semiconductor companies. The offering is expected to raise up to 45.45 trillion won (approximately $29 billion), placing it among the largest U.S. ADR offerings ever completed. The proceeds will support the company's next phase of AI infrastructure investments, including new semiconductor fabrication facilities and advanced manufacturing equipment.
As trading begins, Dinari will make SK hynix available as dShares™ through its global network of distribution partners. While the Nasdaq ADR expands access for U.S. investors, dShares™ extend that access further by enabling eligible investors in more than 85 jurisdictions to access SK hynix through a compliant framework built for global distribution.
Unlike synthetic tokenized stocks that provide only price exposure, SK hynix dShares™ are backed by the corresponding underlying security held through regulated custody. dShares™ are designed to preserve the economic rights associated with equity ownership, including dividends, corporate actions, redemption rights, and a protected claim to backing securities. Investors also benefit from best trade execution guarantees, with trades routed to support best execution during applicable market hours.
SK hynix has become one of the defining companies of the AI era. As the global leader in High Bandwidth Memory (HBM), the company supplies the advanced memory that powers AI accelerators, hyperscale data centers, and next-generation computing infrastructure. Its rapid growth has made SK hynix the most valuable publicly traded company in South Korea, reflecting the increasing importance of memory as a foundational component of modern AI systems.
Please note, the information above was obtained from SEC Filings. Whether you're an investor, exchange, wallet, broker, or ecosystem partner, we've put together the FAQ below to answer the most common questions about the launch.
SK hynix dShares™ are Dinari's tokenized representation of the SK hynix ADR.
Beginning July 10, eligible investors outside the United States will be able to access SK hynix through Dinari's network of distribution partners. Please find a list of our partners here: https://dinari.com/launch. Each dShare™ is backed by the corresponding underlying security and is designed to preserve the protections and economic benefits associated with equity ownership.
Can take up to a few hours for pre-orders to settle.
SK hynix's primary listing will remain on the Korea Exchange under ticker 000660. Rather than relocating its listing, the company is issuing American Depositary Receipts (ADRs), allowing U.S. investors to purchase exposure through a U.S.-listed security that trades on Nasdaq in U.S. dollars. This expands the company's investor base while maintaining its primary home market in South Korea. The company expects the offering price to be finalized through the bookbuilding process prior to trading on July 10.
ADRs have long made international companies more accessible to U.S. investors. dShares™ extend that accessibility globally. Through Dinari's network of regulated distribution partners, eligible investors in more than 85 jurisdictions can access SK hynix through blockchain-native infrastructure. Rather than requiring direct access to the Korea Exchange, partners can offer tokenized public equities through a single API integration while preserving the economic rights associated with the underlying security.
Unlike an IPO, SK hynix is already a publicly traded company, with its primary listing on the Korea Exchange (KRX). The Nasdaq ADR is backed by the underlying Korean-listed shares, with 10 ADRs representing one common share. Prior to listing, the ADR offering price will be established through a bookbuilding process with institutional investors. Once trading begins on Nasdaq, the ADR price will be driven by market supply and demand while remaining closely linked to the value of the underlying shares, adjusted for the ADR conversion ratio and the KRW/USD exchange rate. Over time, market participants help keep the ADR and underlying shares economically aligned.
dShares™ are real equities, onchain. Each dShare™ is backed by the corresponding underlying security and held through regulated custody. This preserves the rights and protections associated with equity ownership, including dividends where applicable, corporate actions, redemption rights, and a protected claim to the backing security.
This differs from many tokenized stock products available today, which are structured as synthetic instruments that provide price exposure without preserving the ownership framework associated with ownership of the underlying security.
Existing Dinari integration partners do not need to perform additional technical work. Once SK hynix is enabled within Dinari's systems, it will be immediately available through existing API integrations.
For larger transactions, approved counterparties may also access SK hynix dShares™ through Dinari's OTC desk.
dShares™ are available through Dinari's APIs, allowing eligible exchanges, wallets, broker-dealers, fintechs, and investment platforms to offer tokenized public equities directly within their existing products. To get started, please visit our Quickstart Guide.
Disclaimer: The content provided is for informational and educational purposes only and does not constitute investment advice, financial advice, trading advice, or any other advice. Investing in stocks, bonds, cryptocurrencies, or other assets carries a high level of risk, and you may lose some or all of your initial principal. All investments involve risk, and past performance is not a guarantee of future results. We strongly suggest that you conduct your own independent research or consult with a licensed financial or tax professional before making any financial decisions. For more information on Dinari dShares, please see our Terms.
