Guangfa Securities (Hong Kong) will launch GF Token, a cryptocurrency fund token

According to community sources, GF Securities (Hong Kong) plans to launch a quasi monetary fund token product called GF Token. This product is priced in US dollars, with a subscription starting at $100000. The daily yield is linked to the interbank market benchmark interest rate (SOFR) (annualized interest rate of 4.3% based on the SOFR as of June 12, 2025, assuming no interest rate changes during the holding period), and supports daily redemption and T+0 receipt. GF Token is issued and registered on the HashKey Chain blockchain, or only available to qualified institutional investors.