On June 25, HashKey Chain, a blockchain infrastructure platform under HashKey Group, announced a partnership with GF Securities (Hong Kong) to jointly launch the first daily redeemable tokenized securities product "GF Token" in the Hong Kong market, marking a key step in Hong Kong's exploration of real-world assets (RWA) on-chain.
"GF Token" is issued by GF Securities (Hong Kong) based on its credit and is mainly open to professional investors of institutions and high-net-worth individuals. The product has three currency options: US dollar (USD), Hong Kong dollar (HKD) and offshore renminbi (CNH), which fully meets the needs of multi-currency configuration. Among them, the yield of the US dollar product is anchored to the US Secured Overnight Financing Rate (SOFR), with daily interest calculation, strong liquidity, and on-chain traceability. It is widely used in scenarios such as on-chain asset allocation, cash management and compliant structured investment.
According to reports, this product has achieved end-to-end on-chain deployment and issuance through HashKey Chain, which not only supports on-chain transaction settlement, but also is compatible with multiple sales channels and multiple custody methods, providing a standardized reference path for the actual operation of tokenized securities. The issuance process is supported by the entire HashKey Group system, including HashKey Cloud providing on-chain technical support, HashKey Tokenisation responsible for asset modeling and mapping mechanism design, and HashKey Exchange providing platform services and potential liquidity entry.
Zeng Chao, CEO of GF Securities (Hong Kong), said, "GF Token is an important attempt in our digital financial strategy. We hope to make traditional financial products run more efficiently and transparently on the chain through the tokenization mechanism, and help Hong Kong build a safe, compliant, and institutionally sound digital asset ecosystem."
Xiao Feng, Chairman of HashKey Group, pointed out that this cooperation represents a landmark event in the integration of traditional financial institutions and Web3 infrastructure. He said, "GF Token is the first case in Hong Kong to pilot on-chain securities issuance, and it also provides a replicable and popularizable on-chain financial product issuance paradigm for global financial institutions."
Against the backdrop of Hong Kong's continuous advancement of the construction of a virtual asset regulatory system, the official launch of "GF Token" also indicates that Hong Kong is gradually forming a tokenized financial ecosystem with RWA as the core and driven by compliance. It is reported that the two parties will continue to explore more types of on-chain financial instruments and cross-border asset digitalization paths to inject new vitality into the global digital capital market.