GF Securities and HashKey Launch Yield-Generating Tokenized Securities in Hong Kong

GF Securities, a leading Chinese brokerage, has partnered with HashKey to introduce tokenized securities under the brand "GF Token." These securities, denominated in USD, HKD, and offshore yuan, offer daily yields and redemption options, targeting high-net-worth individuals and institutional investors. The USD variant tracks the Secured Overnight Financing Rate (SOFR), reflecting overnight borrowing costs tied to U.S. Treasury securities.

The launch underscores Hong Kong's strategic push to become a global hub for real-world asset tokenization. Issued on HashKey Chain, GF Token represents a significant leap in on-chain collaboration within the city's securities industry. Zeng Chao, CEO of GF Securities (Hong Kong), framed the MOVE as a strategic effort to cement the firm's leadership in digital finance.

Competition among Chinese brokers to enter Hong Kong's crypto market is intensifying, with this initiative setting a precedent for institutional adoption of blockchain-based financial products.