Hong Kong Makes History: GF Securities & HashKey Launch First On-Chain Tokenized Securities

Wall Street meets blockchain—with regulators finally playing catch-up.

GF Securities, one of China's top investment banks, just teamed up with HashKey to flip traditional finance on its head. Their new tokenized securities platform went live in Hong Kong this week, marking Asia's most aggressive push yet into regulated crypto assets.

Why it matters: This isn't another DeFi cowboy operation. We're talking fully compliant securities—stocks, bonds, funds—moving onto blockchain rails with the Hong Kong Monetary Authority's blessing. The same institution that once banned retail crypto trading now leads the charge.

The cynical take: Banks only embrace innovation when they can control it. Tokenization slashes settlement times from days to minutes while keeping intermediaries firmly in the profit loop. How very... efficient.

What's next? Watch for other Asian financial hubs to scramble their own tokenization projects—Singapore and Tokyo won't let Hong Kong steal the spotlight for long.

TLDR

• GF Securities launches tokenized GF Token on HashKey Chain.

• USD GF Token links to SOFR for stable daily interest.

• HKD GF Token supports local finance with easy blockchain access.

• RMB GF Token enables offshore digital yuan exposure.

• HashKey powers a full-stack ecosystem for compliant tokenization.

GF Securities has launched a new class of on-chain tokenized securities, marking a significant advance in digital finance in Hong Kong. The offering, called “GF Token,” operates on HashKey Chain and supports daily interest accrual and redemption. This MOVE reinforces Hong Kong’s push to lead the global tokenized asset market.

USD-Denominated GF Token Links to SOFR

The USD version of GF Token is benchmarked to the Secured Overnight Financing Rate (SOFR), enhancing transparency and reliability. It serves as a low-volatility cash management tool with full on-chain transaction recording and daily interest calculation. This design meets growing demand for seamless digital cash instruments that offer high liquidity and low operational friction.

SOFR’s established role in global markets strengthens the credibility of the USD GF Token and attracts institutional capital allocation. The product supports simple onboarding through GF Securities or HashKey Exchange, increasing its market accessibility. Subscription and redemption can occur either via traditional brokerage accounts or directly on-chain.

The USD GF Token also enables fast switching between digital assets through an on-chain settlement model. This efficiency makes it suitable for real-time treasury strategies and short-term capital deployment. It also promotes asset composability within the expanding on-chain ecosystem.

HKD GF Token Expands Digital Reach

GF Securities has also issued the GF Token in Hong Kong dollars, aligning with the city’s financial structure and domestic liquidity flow. This variant enables broader adoption across local finance firms and aligns with regulatory frameworks under Hong Kong law. Daily accrual and on-chain transparency remain Core features across all currency options.

The HKD GF Token supports digital transformation among traditional financial entities seeking secure blockchain-based asset exposure. HashKey Chain’s infrastructure ensures low gas fees and high throughput, minimizing costs while maximizing efficiency. Participants can interact with tokenized products without needing complex Web3 technical knowledge.

This product adds to GF Securities’ strategy of releasing compliant, blockchain-native financial tools for capital markets. Its availability through both traditional and Web3 platforms supports a wide range of usage. With strong demand for regulated digital assets, this token positions Hong Kong as a leading RWA tokenization hub.

Offshore RMB GF Token Targets Regional Users

The RMB-denominated GF Token addresses demand from cross-border markets by offering access to digital yuan equivalents. This option promotes adoption in Greater China and aligns with the currency preferences of key market participants. Offshore settlement allows seamless integration with global digital asset platforms.

Daily redemption and real-time visibility on HashKey Chain add reliability to short-term wealth management strategies. Combined with HashKey’s blockchain backbone, this version supports regulatory compliance and international transparency standards. The token’s offshore structure enhances flexibility for market participants operating outside mainland China.

This product joins other GF digital offerings launched since 2024 under Hong Kong’s regulatory framework for tokenized securities. Previous launches include equity-linked tokens and fund-backed instruments. The RMB GF Token demonstrates continued commitment to real-world asset tokenization under clear legal structures.

Broader Digital Finance Infrastructure Supports Growth

The GF Token project involves multiple units within HashKey Group, ensuring a full-stack, end-to-end digital securities ecosystem. NexaToken provided tokenization services, HashKey Exchange handled distribution, and technical support came from HashKey Tokenisation. These contributions enable scalable and compliant tokenized asset deployment.

HashKey Chain serves as the core issuance platform, inheriting ethereum security and optimizing it for financial-grade performance. Its design supports stable and scalable token operations tailored for regulated financial products. This architecture reduces operational risks and meets institutional performance benchmarks.