SK hynix Tokenized Stock (SKHYc) lets eligible investors outside the United States hold exposure to SK hynix, the Korean memory chipmaker, in a crypto wallet on Base. You do not need a Korean brokerage account, and the token trades at any hour. This guide explains what SKHYc represents and walks through buying it step by step.
The table below summarizes the core parameters you should confirm before placing any order for SKHYc.
| Specification | Official Detail / Parameter |
|---|---|
| Asset Name & Symbol | SK hynix Inc. Tokenized Stock (Coinbase) (SKHYc) |
| Blockchain Network | Base (B20 token, ERC-20 compatible) |
| Verified Contract Address | 0xb200000000000000000000187f7071d6e321a7d2 |
| Primary Active Exchanges | Aerodrome and other Base DEX routers |
| Required Trading Pair / Base Currency | USDC on Base, plus ETH on Base for gas |
| Recommended Non-Custodial Wallet | Trust Wallet, Base App, or MetaMask |
What Is SK Hynix Tokenized Stock (SKHYc) and How Does It Work?
SK hynix is one of the world's largest memory chipmakers and a leading supplier of high-bandwidth memory used alongside AI accelerators. Its primary listing is on the Korea Exchange, but the company added a U.S. listing on July 10, 2026, when its American depositary receipts began trading on Nasdaq under the ticker SKHY after pricing at $149.
SKHYc brings that Nasdaq-listed exposure onchain. It is one of the Coinbase Tokenized Stocks that launched on Base on August 24, 2026. Each token is backed 1:1 by underlying securities held with Alpaca, a regulated custodian, in bankruptcy-remote custody separate from Coinbase. It is a backed token, not a synthetic derivative or a separate crypto project.
Holders receive a beneficial claim rather than full legal ownership. Reporting on the offering prospectus notes that holders do not receive automatic voting rights. Dividends and corporate actions are reflected through an adjustment that keeps token balances unchanged, so SKHYc can sit in lending pools or liquidity positions without breaking when SK hynix pays out.
Coinbase issues these tokens under Abu Dhabi Global Market (ADGM) rules and offers them under Regulation S. That means people in the United States and other restricted jurisdictions cannot buy them. Institutional market makers mint and redeem tokens directly, while other users buy and sell on onchain markets and can transfer tokens freely.
Where to Buy SK Hynix Tokenized Stock (SKHYc): Exchanges and Trading Pairs
Coinbase tokenized stocks trade against USDC on Base. Aerodrome is the venue Base highlights for liquidity, and routers such as 0x, 1inch, KyberSwap, and CoW Swap can also route orders. Base publishes the official list of tickers, contract addresses, and venues at base.org/stocks.
SKHYc carries a high unit price and a small supply. At the time of writing, CoinMarketCap shows a price near $143.68, a market cap of about $47,850, and just 333 SKHYc in circulation. Its liquidity-to-market-cap ratio of 185.42% implies roughly $88,700 in pool liquidity, with 24-hour volume of about $2,500 across 49 holders.
Premiums can appear in thin markets. In the same CoinMarketCap snapshot, SK hynix's real-world stock price was listed at $136.83 while SKHYc traded near $143.68. CoinMarketCap also recorded an SKHYc all-time high of $179.22 on October 11, 2026, and an all-time low of $136.37 on October 16.
The three points below cover the market factors that most affect where and how you should buy SKHYc.
- Main Exchange: Aerodrome on Base holds the main USDC liquidity for Coinbase tokenized stocks. Reach it through the venue links on base.org/stocks, and confirm both your wallet and the site are on Base before you trade.
- Is the Liquidity Locked? Liquidity comes from market makers and providers rather than a locked team pool. It can be added or withdrawn at any time, so check current depth and the quoted price impact before every purchase.
- How to Spot Fake Tokens: Coinbase-issued stock tokens on Base use contract addresses starting with 0xb200. Other platforms issue their own SK hynix-linked or memory-sector tokens, so match the full SKHYc address on base.org/stocks and CoinMarketCap.
How to Buy SK Hynix Tokenized Stock (SKHYc): Step-by-Step Guide
The five steps below show how to buy SKHYc with USDC on Base. Confirm first that you are not a U.S. person or a resident of another jurisdiction where these tokens are restricted.
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Step 1: Set Up a Base-Compatible Wallet
Install a self-custody wallet that supports Base, such as Trust Wallet (listed on CoinMarketCap), Base App, or MetaMask. Use only the official download source. Write down your recovery phrase on paper, keep it offline, and never share it with anyone, including people posing as support staff.
Add Base and switch to it in your wallet. Base addresses look the same as Ethereum addresses, but balances on each network are kept separately. Most custodial exchange accounts cannot connect to Aerodrome directly, so this route requires a self-custody wallet you control.
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Step 2: Add USDC and ETH on Base
Buy USDC on an exchange that supports Base withdrawals and choose Base as the withdrawal network. If your USDC is on another blockchain, move it with a reputable bridge. Always start with a small test transfer and wait until it arrives before sending the rest.
You also need a little ETH on Base for gas. Base fees are normally small, but each approval and swap requires one. Because SKHYc has a high unit price, you may buy a fraction of a token, which is fine, but keep spare ETH for selling or moving it later.
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Step 3: Go to Aerodrome and Connect Your Wallet
Open base.org/stocks and follow the Aerodrome link, or type the Aerodrome address yourself. Skip sponsored search results, which are a common source of fake DeFi sites. Check the domain in your browser bar before connecting anything to the page.
Click "Connect," select your wallet, and approve the connection. Confirm Aerodrome shows Base as the active network. Connecting only shares your public address. Aerodrome cannot move any funds until you personally approve a token allowance or sign a swap.
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Step 4: Paste the Official SKHYc Contract Address
Set USDC as the token you are paying with. In the receiving field, paste 0xb200000000000000000000187f7071d6e321a7d2 instead of searching for "SK hynix," which may surface tokens from other issuers or unrelated projects with similar names.
Check that the token displays as SKHYc and that its address begins with 0xb200. Compare it with base.org/stocks and CoinMarketCap character by character. If the ticker or any part of the address differs, stop and confirm your source before going ahead.
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Step 5: Set Slippage and Swap USDC for SKHYc
Enter the USDC amount and review the quoted price and price impact. Compare the quote with SK hynix's latest Nasdaq price, since SKHYc has traded at a premium in thin conditions. Set slippage around 0.5% to 1%, and raise it only slightly if the swap fails.
Approve USDC if asked, then click "Swap" and confirm in your wallet. When the transaction completes, open it on BaseScan and check that the tokens came from the official SKHYc contract. Add SKHYc as a custom token if it does not appear in your wallet automatically.
Is SK Hynix Tokenized Stock (SKHYc) Safe? Risks to Know Before Buying
SKHYc combines a major global company with a regulated, 1:1 backed token structure. That is a stronger foundation than most crypto assets, but you still carry SK hynix's stock risk and the added risks of a very small, newly launched onchain market.
The risks below are specific to SKHYc's profile as a high-priced, low-supply tokenized stock on Base.
- Low Liquidity and Price Swings: With 333 tokens in circulation and about $2,500 in daily volume, SKHYc can trade at a premium or discount to SK hynix's Nasdaq price. A single large order can move the pool and leave you with a worse price than expected.
- Smart Contract Risks: Published materials state the B20 standard was reviewed by Base and Spearbit. Holding SKHYc still exposes you to the token contract, the DEX, and any lending protocol you use, where bugs or exploits could cause losses.
- Risk of Losing Your Money: SK hynix shares have moved sharply in 2026, and memory chip demand can swing with AI spending and industry cycles. SKHYc follows those moves and can also shift on weekends, when Nasdaq is closed but onchain pools stay open.
Out-of-hours pricing needs attention. Chainlink feeds for these tokens update 24 hours a day, five days a week, and pause during corporate actions. At weekends, prices come only from onchain trading, so a weekend quote can differ from Friday's close and gap when Nasdaq reopens.
Conclusion
Buying SKHYc means setting up a Base wallet, adding USDC and a little ETH on Base, and swapping on Aerodrome using the contract 0xb200000000000000000000187f7071d6e321a7d2. Verify the address on base.org/stocks and CoinMarketCap, and compare your quote with SK hynix's Nasdaq price before you confirm.
SKHYc gives eligible non-U.S. investors 1:1 backed SK hynix exposure without a Korean brokerage account, but its onchain market is tiny at the time of writing. Keep orders small, watch for premiums to the real share price, and remember the product is closed to U.S. persons.
Frequently Asked Questions
The answers below cover the questions buyers most often ask before purchasing or holding SKHYc for the first time.
