HashKey Chain Partners with GF Securities (Hong Kong) to Launch First Tokenized Security with End-to-End On-Chain Deployment and Issuance
HONG KONG, June 27, 2025 /PRNewswire/ -- HashKey Chain has officially announced that GF Securities (Hong Kong) has become the first securities firm in Hong Kong to issue tokenized securities by fully integrating with HashKey Chain as its core on-chain issuance network. GF Securities (Hong Kong) has launched the first daily-interest-accruing, daily-redeemable tokenized securities, named "GF Token", a building block to enable switching between different tokenized securities. This product also features its first-ever multi-channel distribution and token custody model for on-chain securities, now available to both High-Net-Worth-Individual and institutional professional investors (PIs). This project is executed with active participation from multiple business units under HashKey Group. This milestone signifies a major step forward in the city's real world asset (RWA) tokenization journey and lays the groundwork for broader on-chain collaboration of tokenized securities by Hong Kong securities industry in the future.
"GF Token" is a class of tokenized securities issued by GF Securities (Hong Kong) backed by its credit support. GF Securities (Hong Kong) launches three products in different currencies: USD, HKD, and offshore RMB. Among these, the USD version is benchmarked to the Secured Overnight Financing Rate (SOFR), designed to serve as a fair, transparent, and low-volatility cash management instrument. "GF Token" features high liquidity, accrues interest daily, and is fully recorded on-chain via HashKey Chain, enabling transparent and traceable transaction flows. This aims to make "GF Token" a building block for tokenized financial assets, by providing a seamless on-chain net settlement mechanism that enables investors to switch between different tokenized securities.
Compared to GF Securities (Hong Kong)'s earlier tokenized securities, "GF Token" features multi-channel distribution and token custody. Investors can subscribe through GF Securities (Hong Kong) or HashKey Exchange, and hold tokenized securities either via traditional securities accounts or directly on chain, allowing traditional investors to participate broadly across all aspects of tokenized securities in familiar settings. In addition to institutional professional investors, "GF Token" in this product launch is also made available to HNWI PIs, aiming to promote tokenized securities and related services to broader audience.
With the daily interest accrual mechanism, the product meets both institutional investors' needs for short-term idle capital management, and Web3 users' expectations for native on-chain assets. As a forward-looking, compliant financial product, "GF Token" demonstrates the potential of combining real-world assets with blockchain infrastructure, offering a replicable and scalable model for RWA scenarios.
Notably, while HashKey Chain serves as the core issuance network, multiple business units under HashKey Group were also deeply involved in the on-chain launch of "GF Token":
- NexaToken, a service by HashKey Cloud, enabled the asset's tokenization.
- HashKey Tokenisation contributed to GF's tokenization initiative by offering technical consultation and feasibility assessments.
- HashKey Exchange facilitated professional investor distribution through its network.
This arrangement represents a pioneering end-to-end model encompassing asset issuance, token custody, and multi-point distribution, establishing a robust foundation for future security dealer-led tokenized asset issuance and on-chain cooperation.
Mr. Zeng Chao, CEO of GF Securities (Hong Kong), commented:
"The launching of GF Token is a major milestone for GF Securities (Hong Kong)'s digital product strategy, and an important extension of our chain-based product innovation. We value our partnership with HashKey Group and HashKey Chain. Their comprehensive infrastructure and exchange capabilities enable GF's products to enter the public blockchain world more efficiently. Over the years, we, at GF Securities (Hong Kong), have been committed to financial innovation, leveraging fintech to expand our footprints in digital finance. The collaboration with HashKey Group to launch GF Token is a key initiative in building Hong Kong's tokenized securities ecosystem. We believe this step will further solidify GF Securities (Hong Kong)'s first-mover advantage in emerging digital finance."
In January 2024, GF Securities (Hong Kong) became the first Chinese securities firm to issue tokenized securities under Hong Kong law, minting, issuing, and distributing financial assets on a public chain. This was also the first tokenized security issued following the SFC's circulars regarding tokenized securities published in November, 2023. Since then, the firm has introduced tokenized securities linked to equities and other financial assets. In January 2025, it partnered with Cinda Asset Management to launch the first tokenized note backed by a fund, continuously expanding the ecosystem of tokenized securities.
Dr. Xiao Feng, Chairman of HashKey Group, said:
"Bringing real-world assets (RWAs) on-chain requires deep integration between financial institutions and blockchain technology providers. The launch of 'GF Token' perfectly reflects this synergy. As the preferred chain for financial assets, HashKey Chain will continue to offer trustworthy infrastructure for compliant assets and help position Hong Kong as the world's most vibrant hub for onchain finance."
Kay, Head of HashKey Chain, added:
"'GF Token' represents a pivotal practice in the on-chain transformation of traditional financial assets. As a blockchain infrastructure purpose-built for compliant assets, HashKey Chain is honored to provide GF Securities (Hong Kong) with a stable and composable technical foundation. We believe that with more leading financial institutions joining, onchain finance will gradually form a closed-loop ecosystem, redefining how assets are issued, traded, and governed."
HashKey Chain will continue to deepen collaborations with traditional financial institutions such as securities firms and banks, expanding mechanisms for compliant on-chain asset issuance and circulation. Through the combination of high-performance blockchain infrastructure and trusted assets, HashKey Chain is helping Hong Kong establish a real-world-ready Onchain Finance benchmark.
About HashKey Chain
HashKey Chain is the preferred blockchain for financial institutions and RWA tokenization, dedicated to promoting compliant and scalable Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides a secure and transparent on-chain environment for institutions.
HashKey Chain inherits Ethereum's decentralized security while enhancing transaction efficiency through high-performance optimization, ensuring on-chain asset stability and traceability. Its low-cost solution offers minimal Gas fees and high throughput, enabling efficient circulation of MMFs, bonds, funds, and stablecoins while reducing institutional operational costs.
HashKey Chain collaborates with leading financial institutions and compliant Web3 projects to provide solutions for institutional DeFi, RWA tokenization, and stablecoin settlement, accelerating the financial system's digital transformation.
Official website: https://hsk.xyz/
About GF Securities (Hong Kong)
GF Securities (Hong Kong), comprising GF Holdings (Hong Kong) and its subsidiaries, is the core platform of GF Securities Co., Ltd. (Stock code: 000776.SZ, 1776.HK) to implement its globalization strategy. GF Securities (Hong Kong) thrives to become a leading Chinese securities firm that bridges investment needs between Mainland China and global markets.Established in 2006, GF Securities (Hong Kong) provides comprehensive financial services—covering global markets, wealth management and brokerage, and capital markets—to global and local enterprises, institutions, retail, and high-net-worth clients. It holds HK SFC licenses Type 1, 4, 6, and 9.
Official website: www.gfgroup.com.hk
Disclaimer
HashKey Chain only serves as a technical infrastructure provider, supporting issuers in deploying and issuing tokenized products on-chain. The authenticity, origin, custody, security, pricing mechanism, and regulatory compliance of tokenized products are solely the responsibility of the issuer and its appointed third-party service providers and are unrelated to HashKey Chain.
The information herein is for general reference only and does not constitute an offer, solicitation, or recommendation of any virtual asset, security, or financial instrument.
Forward-looking statements in this material—including but not limited to ecosystem development plans or expected use cases—may change due to legal, technical, or regulatory factors, and actual outcomes may differ materially. HashKey Chain makes no express or implied warranties regarding the accuracy, completeness, or reliability of the information.
This material is intended only for audiences in jurisdictions where such content is legally permissible and should not be considered an offer or solicitation where prohibited by law or regulation.
GF Securities (Hong Kong), comprising GF Holdings (Hong Kong) and its subsidiaries, including GF Securities (Hong Kong) Brokerage Limited - licensed by the Securities and Futures Commission of Hong Kong ("SFC") to conduct Type 1 ("Dealing in securities") and Type 4 ("Advising on Securities") Regulated Activity. The content of the article has not been reviewed by the SFC. The Tokenized Security or financial instrument mentioned in this report may not be allowed to be sold in certain jurisdictions.
No representation or warranty, either express or implied, is made by GF Securities (Hong Kong) as to their accuracy and completeness of the information contained in this article. GF Securities (Hong Kong) accepts no liability for all loss arising from the use of the materials presented in this article. The information herein is for general reference only and does not constitute an offer, solicitation, or recommendation of any Tokenized Security or financial instrument. Forward-looking statements in this material—including but not limited to ecosystem development plans or expected use cases—may change due to legal, technical, or regulatory factors, and actual outcomes may differ materially.
Please be aware of the fact that investments involve risks and the price of Tokenized Security or financial instrument mentioned in this report may be fluctuated and therefore return may be varied, past results do not guarantee future performance, where necessary, recipients should obtain professional advice before making investment decisions.
SOURCE HashKey Group
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