GF Securities Partners HashKey for Tokenized Securities in Hong Kong

GF Securities, a prominent Chinese brokerage firm, has joined forces with HashKey to introduce tokenized securities in Hong Kong. This initiative includes securities denominated in the U.S. dollar, Hong Kong dollar, and offshore yuan, catering to the rising demand for digital assets. The new product, named “GF Token,” is designed to attract high-net-worth individuals and institutional professional investors. These tokenized securities offer daily interest accrual and redemption, providing greater flexibility compared to traditional fixed-income instruments. This collaboration marks a significant entry by a Chinese brokerage into the digital asset tokenization space.

The U.S. dollar-denominated token is benchmarked to the Secured Overnight Financing Rate (SOFR), a widely adopted measure that reflects overnight borrowing costs. SOFR is backed by U.S. Treasury securities, ensuring a stable base for the interest model. The tokens are issued on HashKey Chain, HashKey’s blockchain platform, with distribution planned for a later stage.

This launch coincides with Hong Kong’s ongoing efforts to establish itself as a leading crypto and digital asset hub in Asia. The Hong Kong government recently released a revised digital asset strategy known as “Policy Statement 2.0.” This policy outlines expanded support for the tokenization of real-world assets (RWA) and the broader application of blockchain technologies. The initiative aims to increase the practical use of tokenization and diversify the range of digital financial products in the city. Additionally, Hong Kong Customs is developing a digital tool to trace suspicious cryptocurrency transactions, further enhancing the regulatory framework.

GF Securities is not the only brokerage firm making a digital pivot. Other major players, including Guotai Junan International, China Merchants Securities, and Huatai International, are actively pursuing license upgrades to offer cryptocurrency trading services in Hong Kong. These moves indicate a growing interest among traditional financial institutions to enter the crypto space under Hong Kong’s evolving legal framework.

The tokenization initiative by GF Securities and HashKey adds momentum to the sector’s development, reflecting the growing interest from traditional finance in blockchain-backed assets. By leveraging regulatory clarity and investor demand, brokerages aim to build infrastructure for tokenized markets. As more firms engage, the local digital asset environment may continue to mature, signaling a shift toward digital finance within a tightly regulated framework.