GF Securities Becomes First in Hong Kong to Issue Tokenized Securities On-Chain 

In a landmark move for the city’s digital asset strategy, GF Securities (Hong Kong) has become the first securities firm in Hong Kong to issue tokenized securities fully on-chain via HashKey Chain.

The new product, named “GF Token,” marks a significant step in the real-world asset (RWA) tokenization journey.

“GF Token” is designed to be daily-interest-accruing and daily-redeemable, offering both liquidity and transparency through full on-chain issuance. It is now available to high-net-worth individuals (HNWI) and institutional professional investors (PIs) across three currency options: USD, HKD, and offshore RMB.

The USD version is benchmarked to the Secured Overnight Financing Rate (SOFR), providing a stable, low-volatility vehicle for cash management. The token’s on-chain settlement mechanism allows seamless switching between different tokenized assets, laying the groundwork for broader adoption in the tokenized finance ecosystem.

For the first time, the product features a multi-channel distribution and custody model. Investors can subscribe via GF Securities (Hong Kong) or HashKey Exchange, and choose between traditional custody or direct on-chain ownership, making the experience accessible for both TradFi and Web3 participants.

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The initiative involved multiple units from HashKey Group, including NexaToken for tokenization, HashKey Tokenisation for technical assessments, and HashKey Exchange for investor distribution. This coordinated model offers an end-to-end framework for secure issuance, custody, and liquidity of on-chain securities.

By integrating traditional financial infrastructure with blockchain technology, “GF Token” sets a replicable standard for compliant, scalable tokenized asset issuance. It represents a pivotal moment for Hong Kong’s evolving digital asset market and showcases the growing synergy between regulated finance and decentralized technology.

Source

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.