Binance has expanded its tokenized securities offering by listing SK Hynix (SKHYB) on its spot exchange, giving eligible users access to blockchain-based exposure to one of South Korea’s largest semiconductor companies.
Trading for the SKHYB/USDT pair opened on July 13, while deposits and withdrawals became available one hour later. Binance is also offering zero maker fees on the pair until August 31 to encourage early trading activity.
The listing forms part of Binance’s bStocks program, where tokenized securities are issued by BTech Holdings Limited, a Binance affiliate. The tokens are backed by underlying shares held by the issuer but do not grant investors direct ownership of SK Hynix stock or shareholder rights.
Tokenized stock targets regulated market
Binance said SKHYB is available only to users in eligible jurisdictions and remains subject to regulatory requirements. The trading of the token also depends on approval from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).
The exchange stressed that bStocks are offered under an approved prospectus in ADGM and are not available in the United States or to U.S. persons. Eligible investors can trade the tokens on a secondary market, while access remains restricted in countries where local regulations prohibit the product.
Binance also warned users about risks tied to tokenized securities, including liquidity, custody, operational, regulatory, and issuer risks, noting that investors could lose their entire investment.
Why tokenized stocks keep returning
Tokenized stocks have surfaced several times in the crypto industry, but earlier efforts struggled with regulatory pressure. Binance itself discontinued its first tokenized stock products in 2021 after scrutiny from regulators in several jurisdictions.
The latest rollout follows a different structure of presenting the product as a direct stock substitute, Binance is offering certificates representing an interest in underlying securities through a regulated framework in ADGM. That distinction reflects how tokenized equities are increasingly being designed around existing securities laws rather than attempting to bypass them.
The model also shows that exchanges still see demand for blockchain-based access to traditional financial assets, provided the products can operate within established regulatory boundaries.
Also, Binance introduced BTC Yield, a new product that allows Bitcoin holders to earn returns on their BTC without selling or actively trading options.
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