Sandisk stock soars 857% in first half of 2026, and its tokenized versions are already trading on-chain

Sandisk, a NAND flash memory and SSD manufacturer, has experienced an extraordinary 857% rally since spinning off from Western Digital in February 2026. Shares surged from approximately $40 to highs between $1,600 and $2,300, driven by massive demand for AI infrastructure and data center components. This equity performance is now being mirrored on-chain through tokenized versions of the stock available on Ondo Finance and the Solana blockchain. Ondo Finance introduced SNDKon in March 2026, providing economic exposure to the equity, while a second tokenized product, $SNDK, launched on Solana via Sunrise and Backpack Securities in June 2026. Unlike synthetic derivatives, the Solana-based $SNDK offers a 1:1 conversion option, allowing holders to redeem tokens for actual underlying shares. The availability of these tokenized assets enables 24/7 trading, which serves as a critical risk management tool for investors navigating the stock's extreme volatility. This development highlights the growing utility of RWA tokenization in providing continuous market access for high-growth traditional equities. By bridging the gap between traditional stock market hours and DeFi liquidity, these platforms are setting a new standard for equity accessibility.