HashKey Chain announced that GF Securities (Hong Kong), as the first securities firm to issue tokenized securities in Hong Kong, has now fully connected to HashKey Chain as the core on-chain issuance network and issued the first daily redeemable tokenized security "GF Token". "GF Token" tokenized securities have realized the "multi-point sales and multi-custody mode" layout of securities on the chain for the first time, and are committed to becoming a benchmark product for tokenized assets on the chain, facilitating investors to achieve real-time seamless switching between different tokenized securities on the chain. Both high-net-worth individual professional investors and institutional professional investors can participate in subscription and trading. This issuance has received in-depth participation from multiple business institutions under HashKey Group, marking that Hong Kong's financial technology ecosystem has taken another key step on the RWA (Real World Asset) path, laying a solid foundation for promoting the next stage of on-chain issuance and cooperation of tokenized assets issued or arranged by financial institutions.
"GF Token" is a tokenized security issued by GF Securities (Hong Kong) based on its credit support. This issuance simultaneously launched three currencies to investors, including US dollars, Hong Kong dollars and offshore RMB. The yield of the US dollar tokenized securities is anchored to the US overnight secured financing rate (SOFR), providing users with a fair, transparent and low-volatility US dollar-denominated cash management tool. "GF Token" has high liquidity, supports daily interest calculation, and realizes the openness, transparency and traceability of asset circulation through the HashKey Chain chain record. It is committed to making "GF Token" a benchmark product for tokenized assets on the chain, so that investors can realize real-time seamless switching between different tokenized securities on the chain through "GF Token".
Compared with the tokenized securities issued earlier by GF Securities (Hong Kong), this "GF Token" has the characteristics of multi-point distribution and token custody. Investors can subscribe through GF Securities (Hong Kong) or HashKey Exchange, place orders at multiple points, or use the traditional securities custody model to hold the tokenized securities, which is convenient for traditional investors to participate extensively, continuously and deeply in all aspects of tokenized securities investment transactions and custody. In addition to institutional professional investors, high-net-worth individual professional investors can also participate in the subscription and trading of this "GF Token". This arrangement further broadens the investor group of tokenized securities and their services.
This product adopts a daily interest calculation mechanism, which is suitable for institutions to manage short-term idle funds, and also fits the usage habits of Web3 users for on-chain native assets. As a future-oriented compliant financial product, "GF Token" fully demonstrates the possibility of combining real assets with on-chain infrastructure, and provides 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 of the product, multiple business units under HashKey Group are deeply involved in the on-chain issuance of "GF Token": NexaToken service provided by HashKey Cloud realizes asset tokenization for the product, HashKey Tokenisation participates in the tokenization product plan of GF Securities (Hong Kong) and provides consultation and feasibility suggestions on the application of tokenization technology, and can be distributed to professional investors through HashKey Exchange. This arrangement innovatively explores a one-stop path of "asset issuance-token custody-distribution and circulation", laying the foundation for the on-chain issuance and cooperation of tokenized assets issued or arranged by more financial institutions in the next stage.
Mr. Zeng Chao, CEO of GF Securities (Hong Kong), said: "The launch of 'GF Token' is an important milestone for GF Securities (Hong Kong) to continuously build a digital product system, and it is also a continuation of GF Securities (Hong Kong)'s exploration and improvement of its on-chain financial product series. We value the cooperation with HashKey Group and its subsidiary HashKey Chain. Its complete infrastructure and exchange functions enable GF Asset 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, made full use of financial technology, continued to increase its layout in the field of digital finance, and made every effort to provide customers 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 Hong Kong's token securities ecosystem. We believe that this move will further consolidate GF Securities (Hong Kong)'s first-mover advantage in the emerging digital financial field."
In January 2024, GF Securities (Hong Kong) took the lead in successfully issuing the first tokenized securities applicable to Hong Kong law in Hong Kong, becoming the first Chinese securities firm to complete the minting, issuance and distribution of independently created financial assets on the public chain. This is also the first issuance of tokenized securities after the Hong Kong Securities Regulatory Commission issued the "Tokenization Circular" and other regulatory guidelines in November 2023. Since then, the company has successively launched tokenized securities linked to financial assets such as stocks. In January 2025, the company cooperated with Cinda Asset Management to land the first fund underlying tokenized securities distribution and trading, and continuously enriched the underlying ecology in the field of tokenized securities.
Dr. Xiao Feng, Chairman of HashKey Group , said: "The on-chainization of real-world assets (RWA) requires true two-way integration between financial institutions and our blockchain technology platform, and the launch 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, and promote Hong Kong to become the world's most dynamic on-chain financial hub."
Kay , head of HashKey Chain , said: "'GF Token' is a key practice in the process of on-chain transformation of traditional financial assets. As a blockchain infrastructure designed for compliant assets, HashKey Chain is honored to provide GF Securities (Hong Kong) with a stable and composable technical foundation to promote the on-chain RWA product from concept to implementation. We believe that with the participation of more leading financial institutions, on-chain finance will gradually form a complete ecological closed loop and reconstruct the way of asset issuance, circulation and governance."
In the future, HashKey Chain will continue to expand cooperation with traditional financial institutions including securities firms and banks, and further expand the on-chain issuance and circulation mechanism 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.
About HashKey Chain
HashKey Chain is the preferred public chain for financial institutions and RWA assets to be put on the chain, and is committed to promoting the compliance and scale development of Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides institutions with a secure and transparent on-chain environment.
With a secure and reliable technical architecture, HashKey Chain inherits the decentralized security of Ethereum, and improves transaction efficiency through high-performance optimization, ensuring the stability and traceability of assets on the chain. In addition, HashKey Chain adopts a high-performance, low-cost solution, providing extremely low gas fees and high throughput, so that financial assets such as money market funds, bonds, funds, stablecoins, etc. can be efficiently circulated, reducing the operating costs of institutions on the blockchain.
HashKey Chain is working closely with the world's leading financial institutions and compliant Web3 projects to provide optimal solutions for application scenarios such as institutional-level DeFi, RWA tokenization, and stablecoin settlement, accelerating the digitalization and intelligent upgrading 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) Co., Ltd. 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 committed to serving the overseas investment needs of mainland customers and serving international investors in investing in China, becoming a bridge connecting the mainland and international capital markets.
Founded in 2006, GF Securities (Hong Kong) provides a full range of financial services including global markets, wealth management and brokerage, and capital markets to global and local enterprises, institutions, retail and high net worth clients. It holds the Hong Kong Securities Regulatory Commission's Type 1, 4, 6 and 9 licenses.
GF Securities (Hong Kong) official website: www.gfgroup.com.hk
Media Contact: media@gfgroup.com.hk; oliviahu@gfgroup.com.hk
Disclaimer
HashKey Chain only serves as a technical infrastructure provider to support asset issuers in deploying and issuing tokenized products on the 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 agencies, and have nothing to do with HashKey Chain. The information contained in this material is for general reference only and does not constitute an offer, solicitation or recommendation for any virtual asset, securities or financial instruments. The forward-looking statements that may be contained in this material, including but not limited to ecological development plans, expected use scenarios, etc., may be affected by legal, technical, regulatory and other factors and may change, and the actual results may be very different from expectations. HashKey Chain does not make any express or implied guarantee as to the accuracy, completeness or reliability of the information contained in this material. This material is only intended for specific regions/persons who are legally permitted to receive such information and should not be regarded as an offer or solicitation in any region prohibited by law or regulation.
GF Securities (Hong Kong) includes GF Holdings (Hong Kong) Co., Ltd. and/or its related subsidiaries established in Hong Kong, including GF Securities (Hong Kong) Brokerage Co., Ltd. - a licensed corporation engaged in Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). 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 illustrative and are for case demonstration purposes only. Although we have taken every precaution in preparing this plan, GF Securities (Hong Kong) has not made any express or implied representations or warranties as to the publicity, completeness and correctness of the information or data contained in this material, and such information or data should not be relied upon. The information contained in this material is for general reference only and does not constitute an offer, solicitation or recommendation for any tokenized securities or financial instruments, and does not constitute the basis or basis for any contract or commitment. Forward-looking statements that may be contained in this material, including but not limited to ecological development plans, expected use scenarios, etc., may be affected by legal, technical, regulatory and other factors and may change, and actual results may differ materially from expectations.
Investing involves risks. Past performance is not an indication of future performance. Investors may suffer losses. Investors should not invest in the tokenized securities or financial instruments described in this document based on this overview alone, 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 use their own independent thinking to make their own investment decisions and seek professional advice (if necessary) to ensure that the investment decision is suitable for their financial situation. If any loss is caused by the relevant contents of this document, it shall not be related to GF Securities (Hong Kong), GF Securities Co., Ltd. and its subsidiaries. This document is issued by GF Securities (Hong Kong) and has not been reviewed by the Securities and Futures Commission.
