GF Securities Hong Kong launches daily interest-bearing tokenized securities “GF Token”

The Zhitong Finance App learned that recently, HashKey Chain announced that GF Securities Hong Kong, a subsidiary of GF Securities (01776), has fully connected HashKey Chain as the core chain issuance network to issue the first daily redeemable tokenized securities “GF Token”. “GF Token” is a tokenized security issued by GF Securities (Hong Kong) based on its credit support. “GF Token” will simultaneously launch three currencies, including US dollar, Hong Kong dollar, and offshore renminbi, to investors, support daily interest accrual, and record the entire process through HashKey Chain.

Among them, the yield of US dollar tokenized securities anchors the US Overnight Guaranteed Financing Interest Rate (SOFR), providing users with fair, transparent, and low volatility dollar-denominated cash management tools. Investors can subscribe to this “GF Token” through GF Securities (Hong Kong) or HashKey Exchange, or hold the tokenized securities using the traditional securities escrow model. In addition to institutional professional investors, high-net-worth individual professional investors can also subscribe and trade this “GF Token”.

In January of last year, GF Securities Hong Kong successfully issued the first tokenized securities applicable to Hong Kong law in Hong Kong. It is the first Chinese brokerage firm to complete the minting, issuance and distribution of self-created financial assets on the public chain. Zeng Chao, CEO of GF Securities (Hong Kong), said that the GF Token launched this time is an important milestone for the bank and a continuation of the company's exploration and improvement of the on-chain financial product line. He believes it can consolidate GF Securities Hong Kong's first-mover advantage in the emerging digital finance sector.

Xiao Feng, chairman of HashKey Group, said that the on-chain integration of real world assets (RWA) requires true two-way integration between financial institutions and blockchain technology platforms, and the release of “GF Token” reflects this concept. As the preferred chain for financial assets, HashKey Chain will continue to provide reliable underlying support and infrastructure for compliant assets HashKey Chain said it will continue to expand cooperation with traditional financial institutions including brokerage firms and banks in the future to further expand the on-chain issuance and circulation mechanism for compliant assets.