Tokenization of Securities Innovation: GF Securities Hong Kong and HashKey Chain Collaborate to Launch "GF Token"

A certain securities company, as the first broker in Hong Kong to issue tokenized securities, has fully integrated into a certain blockchain network as the core on-chain issuance platform, and has launched the first daily redeemable tokenized security "GF Token". This innovative product realizes a "multi-point sales and multi-custody" layout for securities on the chain, aiming to become a standardized product for on-chain tokenized assets, facilitating investors to seamlessly switch in real-time between different tokenized securities. High-net-worth individual professional investors and institutional professional investors can participate in subscription and trading.

This issuance has received deep participation from multiple business institutions, marking a key step forward for Hong Kong's fintech ecosystem in the real-world asset (RWA) domain, laying a solid foundation for promoting the on-chain issuance and cooperation of tokenized assets issued or arranged by financial institutions.

"GF Token" is a tokenized security issued based on the credit support of a certain securities company. This issuance offers investors three currencies: US dollars, Hong Kong dollars, and offshore Renminbi. Among them, the yield of the US dollar tokenized security is anchored to the US overnight secured financing rate (SOFR), providing users with a fair and transparent, low-volatility cash management tool priced in US dollars. This product features high liquidity, supports daily interest accrual, and achieves transparency and traceability of asset circulation through comprehensive blockchain recording.

Compared to the previously issued tokenized securities, the "GF Token" features multi-point distribution and token custody. Investors can subscribe through multiple channels and hold the tokenized securities using traditional securities custody models, facilitating broad participation of traditional investors in various aspects of tokenized securities investment. This arrangement further expands the investor base for tokenized securities.

The product adopts a daily interest calculation mechanism, which is suitable for institutions managing short-term idle funds and aligns with Web3 users' usage habits of on-chain native assets. As a forward-looking compliant financial product, "GF Token" demonstrates the possibility of combining real assets with on-chain infrastructure, providing a replicable and scalable reference path for on-chain RWA scenarios.

Multiple business institutions have deeply participated in the on-chain issuance of the "GF Token", innovatively exploring a one-stop path of "asset issuance - token custody - distribution and circulation", laying the foundation for future on-chain issuance and cooperation of tokenized assets by more financial institutions.

The CEO of a securities company stated that "GF Token" is an important milestone in the company's ongoing development of a digital product system and a continuation of exploring the improvement of on-chain financial product series. The company values collaboration with partners, and its complete infrastructure and exchange functions allow assets to enter the public chain world in a more diversified and convenient manner. For many years, the company has been committed to business innovation, fully utilizing financial technology, and continuously increasing its layout in the digital finance field, striving to provide customers with diversified investment products and services.

The chairman of a certain blockchain group emphasized that the on-chain integration of real-world assets (RWA) requires genuine bilateral integration between financial institutions and blockchain technology platforms, and the release of "GF Token" embodies this concept. As the preferred chain for financial assets, it will continue to provide reliable underlying support and infrastructure for compliant assets, promoting Hong Kong as the world's most vibrant on-chain financial hub.

The head of the blockchain platform stated that "GF Token" is a key practice in the process of traditional financial asset tokenization. As a blockchain infrastructure designed specifically for compliant assets, we are honored to provide a stable and composable technical foundation for a securities company, promoting the transition of on-chain RWA products from concept to implementation. With the participation of more leading financial institutions, on-chain finance will gradually form a complete ecological closed loop, reconstructing the ways of asset issuance, circulation, and governance.

In the future, the blockchain platform will continue to expand cooperation with traditional financial institutions such as brokerages and banks, further developing the on-chain issuance and circulation mechanisms of compliant assets. By combining high-performance on-chain infrastructure with trustworthy assets, it will help Hong Kong create a truly usable on-chain financial core model.