Binance will add SKHYB, a tokenized security tied to South Korean chipmaker SK Hynix, to its spot market. The listing opens trading for the SKHYB/USDT pair at 10:30 p.m. Korea time on July 13, the exchange said in a notice.
SKHYB is a bStocks token – a product that grants economic rights linked to underlying shares, not direct stock ownership. The tokens are backed by securities held by the issuer. Deposits and withdrawals for SKHYB begin one hour after trading starts, at 11:30 p.m. Korea time.
The listing is conditional. Trading will only go live after the Financial Services Regulatory Authority of Abu Dhabi Global Market completes its review and formal listing procedures. Binance did not specify a timeline for that approval.
To juice early activity, Binance is offering a zero maker-fee promotion for the SKHYB/USDT pair. The promo runs from the listing time through September 1 at 8:59 a.m. Korea time. Spot Algo Orders for the pair will also be available from the same start time.
This is not Binance’s first foray into tokenized equities. The exchange has listed other bStocks products before, including tokens tied to companies like Coinbase and MicroStrategy. Each token tracks the economic performance of the underlying stock without conferring voting rights or shareholder status.
For traders, the key watch item is the Abu Dhabi regulator’s sign-off. If approval comes through, SKHYB will trade like any other spot pair on Binance. If not, the listing could be delayed or scrapped. The zero-fee window gives early movers a cheap entry point – but only once the formalities clear.
Binance plans SK Hynix-linked SKHYB token listing, pending Abu Dhabi approval
Binance will list the tokenized security SKHYB, related to SK Hynix shares, on its spot market and offer zero maker fees until September 1. Trading is subject to regulatory approval and formal listing procedures.