This issuance has received deep participation from multiple business entities under HashKey Group, marking another key step in the Hong Kong fintech ecosystem on the RWA (Real World Asset) path.
HashKey Chain announced that GF Securities (Hong Kong) has become the first broker in Hong Kong to issue tokenized securities, now fully integrated with HashKey Chain as the core on-chain issuance network, and has issued the first daily redeemable tokenized security, "GF Token." The "GF Token" tokenized security has achieved a layout of "multi-point sales and multi-custody" for securities on-chain, aiming to become a standardized product for on-chain tokenized assets, facilitating real-time seamless switching between different tokenized securities for investors on-chain. 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 entities under HashKey Group, marking another key step in the Hong Kong fintech ecosystem on the RWA path, laying a solid foundation for promoting the next stage of tokenized asset issuance or arrangements by financial institutions on-chain and collaboration.
"GF Token" is a tokenized security issued by GF Securities (Hong Kong) based on its credit support, and this issuance simultaneously offers investors three currencies: USD, HKD, and offshore RMB. The yield of the USD tokenized security is anchored to the U.S. Secured Overnight Financing Rate (SOFR), providing users with a fair, transparent, and low-volatility cash management tool denominated in USD. "GF Token" features high liquidity, supports daily interest calculation, and achieves public transparency and traceability of asset circulation through full on-chain recording via HashKey Chain, aiming to establish "GF Token" as a standardized product for on-chain tokenized assets, facilitating real-time seamless switching between different tokenized securities for investors through "GF Token."
Compared to the earlier issued tokenized securities by GF Securities (Hong Kong), this "GF Token" features multi-point distribution and token custody. Investors can subscribe through GF Securities (Hong Kong) or HashKey Exchange, placing multi-point orders, and can also hold the tokenized security using traditional securities custody models, facilitating widespread, continuous, and in-depth participation of traditional investors in the trading and custody of tokenized securities. In addition to institutional professional investors, high-net-worth individual professional investors can also participate in the subscription and trading of "GF Token." This arrangement further broadens the investor base for tokenized securities and their services.
The product adopts a daily interest calculation mechanism, suitable for institutions managing short-term idle funds, and aligns with Web3 users' habits of using on-chain native assets. As a forward-looking compliant financial product, "GF Token" fully demonstrates the potential for the combination of real assets and on-chain infrastructure, providing a replicable and scalable reference path for on-chain RWA scenarios.
It is worth mentioning that while HashKey Chain serves as the core issuance network for this product, multiple business entities under HashKey Group have deeply participated in the on-chain issuance of "GF Token": NexaToken services provided by HashKey Cloud enable asset tokenization for this product, HashKey Tokenisation participates in GF Securities (Hong Kong) tokenization product planning and provides consulting and feasibility advice on tokenization technology applications, and distribution can be opened to professional investors through HashKey Exchange. This arrangement innovatively explores a one-stop path of "asset issuance—token custody—distribution circulation," laying the foundation for the next stage of on-chain issuance and collaboration of tokenized assets by more financial institutions.
Mr. Zeng Chao, CEO of GF Securities (Hong Kong), stated: "The launch of 'GF Token' is an important milestone in GF Securities (Hong Kong)'s continuous development of a digital product system and a continuation of GF Securities (Hong Kong)'s exploration to improve its series of on-chain financial products. We value our cooperation with HashKey Group and its HashKey Chain. Its complete infrastructure and exchange functions allow GF assets to enter the public chain world in a more diverse and convenient way. Over the years, GF Securities (Hong Kong) has focused on business innovation, fully utilizing fintech, and continuously increasing its layout in the digital finance field, striving to provide clients with diversified investment products and services. The cooperation with HashKey Group to launch 'GF Token' is also one of the key measures for the company to actively promote the construction of the tokenized securities ecosystem in Hong Kong. We believe this move will further consolidate GF Securities (Hong Kong)'s first-mover advantage in the emerging digital finance field."
In January 2024, GF Securities (Hong Kong) successfully issued the first tokenized securities applicable under Hong Kong law, becoming the first Chinese broker to complete the minting, issuance, and distribution of self-created financial assets on the public chain. This is also the first issuance of tokenized securities following the Hong Kong Securities and Futures Commission's release of regulatory guidelines such as the "Tokenization Circular" in November 2023. Subsequently, the company has successively launched tokenized securities linked to financial assets such as stocks. In January 2025, the company collaborated with Cinda Asset Management to implement the first fund underlying tokenized securities distribution and trading, continuously enriching the underlying ecosystem of tokenized securities.
Dr. Xiao Feng, Chairman of HashKey Group, stated: "The on-chaining of real-world assets (RWA) requires true bilateral integration between financial institutions and our blockchain technology platform, and the release of 'GF Token' embodies this concept. HashKey Chain, as the preferred chain for financial assets, will continue to provide reliable underlying support and infrastructure for compliant assets, promoting Hong Kong to become the world's most vibrant on-chain financial hub."
Kay, Head of HashKey Chain, stated: "'GF Token' is a key practice in the process of on-chaining traditional financial assets. As a blockchain infrastructure designed for compliant assets, HashKey Chain is honored to provide a stable and composable technical foundation for GF Securities (Hong Kong), promoting the transition of on-chain RWA products from concept to reality. We believe that as more leading financial institutions join, on-chain finance will gradually form a complete ecological closed loop, reconstructing the methods of asset issuance, circulation, and governance."
HashKey Chain will continue to expand cooperation with traditional financial institutions, including brokers and banks, further enhancing the on-chain issuance and circulation mechanisms of compliant assets. Through the combination of high-performance on-chain infrastructure and trusted assets, it will help Hong Kong create a real and usable core sample of Onchain Finance.
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About HashKey Chain
HashKey Chain is the preferred public chain for financial institutions and RWA asset on-chaining, dedicated to promoting the compliance and scaling development of Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides a secure and transparent on-chain environment for institutions.
With a secure and trustworthy technical architecture, HashKey Chain inherits the decentralized security of Ethereum and enhances transaction efficiency through high-performance optimization, ensuring the stability and traceability of on-chain assets. In addition, HashKey Chain adopts high-performance, low-cost solutions, providing extremely low gas fees and high throughput, enabling efficient circulation of financial assets such as money market funds, bonds, funds, and stablecoins, reducing operational costs for institutions on the blockchain.
HashKey Chain is deeply collaborating with leading global financial institutions and compliant Web3 projects to provide optimal solutions for institutional-level DeFi, RWA tokenization, stablecoin settlement, and other application scenarios, accelerating the digital and intelligent upgrade of the financial system.
HashKey Chain official website: https://hsk.xyz/
Media Contact: hsk@hashkey.com
About GF Securities (Hong Kong)
GF Securities (Hong Kong), namely GF Holdings (Hong Kong) Limited and its subsidiaries, is the core platform for GF Securities Co., Ltd. (stock code: 000776.SZ, 1776.HK) to promote its internationalization strategy. GF Securities (Hong Kong) is dedicated to serving the overseas investment needs of mainland clients and international investors investing in China, becoming a bridge connecting the mainland and international capital markets.
Established in 2006, GF Securities (Hong Kong) provides comprehensive financial services in global markets, wealth management, brokerage, and capital markets to global and local enterprises, institutions, retail, and high-net-worth clients, holding licenses from the Hong Kong Securities and Futures Commission for Types 1, 4, 6, and 9 regulated activities.
GF Securities (Hong Kong) official website: www.gfgroup.com.hk
Media Contact: media@gfgroup.com.hk; oliviahu@gfgroup.com.hk
Disclaimer
HashKey Chain serves only as a provider of technical infrastructure, supporting asset issuers in deploying and issuing tokenized products on-chain. The authenticity, source, custody, security, pricing mechanism, and compliance of the tokenized products themselves are the responsibility of the issuer and its third-party service providers, and are not related to HashKey Chain. The information contained in this material is for general reference only and does not constitute an offer, solicitation, or advice regarding any virtual assets, securities, or financial instruments. Any forward-looking statements contained in this material, including but not limited to ecological development plans and expected use scenarios, may be subject to changes due to legal, technical, regulatory, and other factors, and actual results may differ significantly from expectations. HashKey Chain makes no express or implied warranties regarding the accuracy, completeness, or reliability of the information contained in this material. This material is intended only for specific regions/individuals legally permitted to receive such information and should not be construed as an offer or solicitation in any jurisdiction where such offers or solicitations are prohibited by law or regulation.
GF Securities (Hong Kong) includes GF Holdings (Hong Kong) Limited and/or its relevant subsidiaries established in Hong Kong, including GF Securities (Hong Kong) Brokerage Limited - a licensed corporation engaged in regulated activities under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) for Type 1 (dealing in securities) and Type 4 (advising on securities). The tokenized securities or financial instruments mentioned in this document may not be sold in certain jurisdictions.
The cases and data contained in this material are for illustrative purposes only and are provided for case demonstration. Although we have exercised due diligence in preparing this proposal, GF Securities (Hong Kong) makes no express or implied representations or warranties regarding the public nature, completeness, and accuracy of the information or data contained in this material, and should not rely on such information or data. The information contained in this material is for general reference only and does not constitute an offer, solicitation, or advice regarding any tokenized securities or financial instruments, nor does it constitute the basis or foundation for any contract or commitment. Any forward-looking statements contained in this material, including but not limited to ecological development plans and expected use scenarios, may be subject to changes due to legal, technical, regulatory, and other factors, and actual results may differ significantly from expectations.
Investing involves risks, and past performance is not indicative of future performance. Investors may incur losses. Investors should not invest in the tokenized securities or financial instruments described in this document solely based on this overview and should read the further details contained in the prospectus, including risk factors, especially the risks of investing in emerging markets. Readers are advised to exercise independent judgment in making investment decisions and seek professional advice (if necessary) to ensure that investment decisions are suitable for their financial situation. GF Securities (Hong Kong), GF Securities Co., Ltd., and its subsidiaries are not responsible for any losses incurred due to the contents of this document. This document is published by GF Securities (Hong Kong) and has not been reviewed by the Securities and Futures Commission.
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