SK Hynix Also Enters On-Chain Stocks: Korean Stock Tokenization and Global Market Implications

Summary

Lee Seong-san, CEO of Solana Korea, discusses the tokenization of Korean stocks like SK Hynix and Samsung Electronics on-chain, driven by strong global demand and Solana's liquidity. He explains how locking real shares reduces KOSPI float, potentially boosting prices, and highlights specific crypto projects Backpack and Kamino as beneficiaries. The conversation also covers ETF tokenization, regulatory challenges, and future possibilities for tokenized assets in Korea.

• Global institutions and retail investors are actively requesting tokenized Korean AI semiconductor stocks.
• Tokenization requires holding real shares, which reduces KOSPI float and can make price appreciation easier.
• Solana emerges as the preferred chain for retail-oriented stock tokenization due to strong liquidity and user base.
• Backpack's TBL token is viewed as undervalued and likely to rise with platform growth.
• Kamino is finding its role as a liquidity provider for tokenized stocks and could see token upside.
• ETF tokenization is predicted to be the next phase of RWA growth in the coming months.
• Korea's STO regulation and tokenization of data centers or content remain longer-term opportunities.