Wallet in Telegram Brings SK Hynix's Landmark $28B US Listing Onchain via xStocks

One of the biggest stock market debuts of the year is now available directly inside Telegram.

Wallet in Telegram has introduced tokenized access to SK Hynix's historic US listing through xStocks, allowing users to gain onchain exposure to the South Korean semiconductor giant without leaving the messaging app.

The launch coincides with SK Hynix's record-breaking Nasdaq debut, which is expected to become the largest US listing ever by a foreign company and one of the biggest IPOs in history.

A Record Listing Meets Onchain Finance

SK Hynix is offering American Depositary Receipts (ADRs) representing approximately 17.79 million common shares in a deal valued at around $28 billion based on its closing price in Seoul.

The company's ADRs are expected to begin trading on the Nasdaq Global Select Market under the ticker SKHY.

Demand has been fueled by the explosive growth of artificial intelligence. SK Hynix has emerged as the world's leading supplier of high-bandwidth memory (HBM), the advanced chips powering AI infrastructure built by companies such as Nvidia.

According to Counterpoint Research, the company controlled 57% of the global HBM market by revenue during the fourth quarter of 2025. It also reported record first-quarter operating profit of 37.61 trillion won, while revenue nearly tripled year-over-year to 52.58 trillion won.

Bringing Wall Street Into Telegram

Rather than requiring users to open traditional brokerage accounts, Wallet in Telegram is offering tokenized exposure to the listing through xStocks, bringing one of the year's most anticipated equity offerings directly onto the blockchain.

The integration allows Telegram users to access tokenized equities from within the app, reflecting the growing convergence between traditional capital markets and blockchain infrastructure.

The move also aligns with the broader trend of real-world asset (RWA) tokenization, where stocks, bonds and other financial assets are increasingly being represented onchain to improve accessibility and settlement.

Expanding Access to High-Demand Offerings

Highly sought-after public listings have traditionally been dominated by institutional investors, leaving retail participants with limited allocations when demand exceeds supply.

Wallet in Telegram has been positioning itself as an alternative to that model.

Earlier this year, the platform delivered a 60% allocation to participating retail investors during its SpaceX offering, at a time when many retail channels received no allocation at all. It later achieved a 100% allocation for investors participating in the Bending Spoons offering, further expanding retail access to premium private market opportunities.

"Tokenized equities are redefining how people access global capital markets," said Halil Mirakhmed, Chief Strategy Officer of Wallet in Telegram.

"We're seeing growing demand from retail investors who want the same opportunities traditionally available only to institutions. Bringing SK Hynix's landmark listing to Wallet in Telegram through xStocks continues our mission to make investing more accessible by combining tokenized real-world assets with the simplicity and reach of Telegram."

As demand for tokenized stocks continues to accelerate, Wallet in Telegram is betting that the next generation of investing won't happen inside brokerage apps—but inside the messaging platforms millions of people already use every day.