Hong Kong Makes History: GF Securities & HashKey Launch First-Ever Yield-Bearing Tokenized Securities

Wall Street meets Web3 as traditional finance giants dive headfirst into blockchain's promised land.

Hong Kong's financial ecosystem just got a crypto-powered adrenaline shot. GF Securities—China's answer to Goldman Sachs—has teamed up with HashKey, Asia's crypto exchange heavyweight, to drop a game-changing product: tokenized securities that actually generate yield.

The institutional invasion of DeFi begins

Forget your grandma's treasury bonds. These digitized assets promise institutional-grade returns wrapped in blockchain's signature transparency. It's the financial equivalent of putting a private equity fund on a public ledger—with all the juicy yields and none of the usual opacity.

Regulators are watching (for once)

The Hong Kong Monetary Authority didn't just greenlight this experiment—they're practically holding the door open. After years of playing catch-up with Singapore and Dubai, the city's finally making its move to become Asia's digital asset hub. Better late than never, right?

A cynical footnote: Nothing unites traditional finance and crypto faster than the smell of fresh yield—even if it means holding hands with their sworn enemies.

GF Token Set for Launch Soon on HashKey Chain

Issued on HashKey Chain, the tokens are expected to be distributed soon.

“This milestone signifies a major step forward in the city’s real-world asset tokenization journey and lays the groundwork for broader on-chain collaboration within Hong Kong’s securities industry,” HashKey said in its statement.

Zeng Chao, CEO of GF Securities (Hong Kong), called the partnership with HashKey a strategic MOVE to strengthen the firm’s lead in digital finance.

“This step will further solidify GF Securities (Hong Kong)’s first-mover advantage in emerging digital finance,” he said.

The launch comes a day after the Hong Kong government unveiled its latest policy statement, outlining plans to accelerate real-world asset tokenization and expand the city’s crypto licensing regime.

HashKey Group × GF Securities (Hong Kong)
A landmark partnership shaping the future of institutional-grade digital finance in.

We're proud to support the launch of “GF Token” — Hong Kong's first fully on-chain tokenized security with multi-currency support and daily… pic.twitter.com/vbrsYQjkLq

Paul Chan, Hong Kong’s financial secretary, said the updated framework, dubbed Policy Statement 2.0, aims to broaden the application of tokenization and diversify digital asset use cases.

Meanwhile, other major Chinese brokers are also moving fast.

Earlier this week, Guotai Junan International received approval to offer crypto trading in Hong Kong, while China Merchants Securities and Huatai International are reportedly seeking license upgrades to enter the digital asset market.

Bergen County to Tokenize $240B in Property Deeds on Avalanche Blockchain

Bergen County, New Jersey’s largest county by population, has struck a five-year deal with Balcony to tokenize 370,000 property deeds on the Avalanche blockchain, covering an estimated $240 billion in real estate.

This marks the biggest deed tokenization effort in U.S. history and is backed by Avalanche-focused venture fund Blizzard.

Home to nearly one million residents and generating $500 million yearly in property taxes, Bergen County aims to modernize land record management and speed up deed processing through blockchain integration.

A report by the Global Financial Markets Association (GFMA) and Boston Consulting Group estimates the global value of tokenized illiquid assets will reach $16 trillion by 2030.

Even more conservative estimates from Citigroup suggest that $4 trillion to $5 trillion worth of tokenized digital securities could be minted by 2030.

Recognizing this potential, major companies are making significant moves in the tokenization space.

Goldman Sachs, for instance, plans to launch three new tokenization products later this year, driven by growing client interest.