Overseas crypto exchanges listed SK Hynix and Samsung Electronics stock-based tokens for trading on May 13, with Binance supporting the SK Hynix token (SKHYB) for trading against Tether (USDT). The listings followed strong demand for SK Hynix and Samsung stock-linked perpetual futures products, prompting exchanges to add spot tokens. Korean domestic firms remain unable to offer similar products due to regulatory restrictions that permit overseas exchanges to attract investors and generate revenue from Korean stock-based instruments. According to CoinMarketCap on May 14, SKHYB traded at 232,000 won with market capitalization exceeding 4 billion won within one day of listing.
Binance SK Hynix Futures Product Records 800 Billion Won Daily Trading Volume
Binance's SK Hynix perpetual futures product (SKHYNIXUSDT) became the third most-traded instrument by volume after Bitcoin (BTC) and Ethereum (ETH). The product averaged approximately 800 billion won in daily trading volume since its launch last month, with trading exceeding 3 trillion won on May 8 and May 13. SKHYB is listed on Binance, Elbank, Ourbit, and BitKan exchanges. US exchange Kraken listed SKHYx, a token backed by American Depositary Receipt (ADR) spot holdings, issued by its token securities platform X-Stock. Binance began supporting derivatives for 7,000 real-world asset types including global stocks and ETFs last month.
Global RWA Market Grows from 6 Billion to 32 Billion Dollars
The global real-world asset (RWA) market expanded from 6 billion dollars (8.9358 trillion won) in early 2025 to over 32 billion dollars (45.6576 trillion won) recently, according to tokenization data platform rwa.xyz. Tokenized stocks and ETF market capitalization reached 1.867 billion dollars (2.78 trillion won) on May 11, a 23.5% monthly increase. Monthly transfer volume surged 87.7% to 8.56 billion dollars (12.7484 trillion won). The RWA market, which began with real estate and art, expanded rapidly into stocks and ETFs.
Korean Regulations Restrict Stock Tokenization to Non-Standardized Securities
Financial authorities plan to release enforcement decrees and guidelines this month ahead of the February electronic securities law implementation. The government proposal will likely permit only non-standardized securities such as real estate and art, excluding standardized securities like stocks and funds. A fintech industry official stated that the global RWA market is led by tokenization of standardized securities, and Korean guidelines create a structural gap preventing standardized security token trading. A crypto exchange official noted that Binance's Hynix derivatives are high-risk products with investor protection concerns, but Korean crypto asset operators cannot tokenize major company stocks for trading, creating a structure where only global firms benefit.
FAQ
What did Binance list on May 13?
Binance listed the SK Hynix token (SKHYB) on May 13 and supported trading against Tether (USDT). The token traded at 232,000 won with market capitalization exceeding 4 billion won within one day of listing.
How much trading volume does Binance's SK Hynix futures product generate?
Binance's SK Hynix perpetual futures product (SKHYNIXUSDT) averages approximately 800 billion won in daily trading volume since its launch last month, with trading exceeding 3 trillion won on May 8 and May 13.
What securities will Korean regulations permit for tokenization?
Financial authorities plan to release guidelines this month that will likely permit only non-standardized securities such as real estate and art, excluding standardized securities like stocks and funds, ahead of the February electronic securities law implementation.
