Hong Kong’s digital asset landscape has achieved a significant milestone with GF Securities (Hong Kong)’s successful issuance of the “GF Token” on the HashKey Chain. This landmark event positions GF Securities as the first securities firm in the city to fully tokenize a security on-chain, representing a crucial stride in the tokenization of real-world assets (RWAs) and the accelerating convergence of traditional finance (TradFi) with blockchain technology.
The GF Token: Design and Target Investors
The “GF Token” is meticulously crafted to appeal to high-net-worth individuals (HNWIs) and institutional professional investors (PIs). Engineered for efficiency and transparency, it offers daily interest accrual and full redeemability. Issued entirely on-chain to ensure unparalleled transparency and liquidity, the token is available in major currencies, including USD, HKD, and offshore RMB. Notably, the USD-denominated version is designed to track the Secured Overnight Financing Rate (SOFR), positioning it as a stable, low-volatility instrument ideally suited for sophisticated cash management strategies.
Innovation in Distribution and On-Chain Settlement
A core innovation of the GF Token lies in its on-chain settlement mechanism. This feature is poised to facilitate seamless transfers between diverse tokenized assets, laying essential groundwork for a more integrated and efficient tokenized finance ecosystem. Beyond its technical underpinnings, the “GF Token” introduces a versatile multi-channel distribution and custody model. Investors are afforded flexibility, with options to subscribe directly through GF Securities (Hong Kong) or via HashKey Exchange. Furthermore, they can choose between conventional custody arrangements or direct on-chain ownership, effectively bridging the operational gap between established financial participants and the burgeoning Web3 community.
Establishing a New Standard for Tokenized Assets
This pivotal launch was the result of a meticulously coordinated effort involving several key entities within the HashKey Group. NexaToken provided the core tokenization technology, HashKey Tokenisation conducted thorough technical assessments, and HashKey Exchange managed investor distribution. This integrated and collaborative approach has established a robust framework for the secure, compliant, and liquid issuance of blockchain-based securities. By effectively merging established financial infrastructure with advanced decentralized technology, the “GF Token” sets a reproducible, regulatory-compliant, and scalable standard for future tokenized asset issuances, marking a transformative evolution for Hong Kong’s regulated digital asset market.
Michael Carter holds a BA in Economics from the University of Chicago and is a CFA charterholder. With over a decade of experience at top financial publications, he specializes in equity markets, mergers & acquisitions, and macroeconomic trends, delivering clear, data-driven insights that help readers navigate complex market movements.