GF Securities Launches GF Token with HashKey Chain for Tokenized Securities

HashKey Chain, a regulated crypto exchange, has recently commenced a new partnership with GF Securities, a securities firm. The collaboration aims to make GF Securities the earliest platform within Hong Kong’s jurisdiction to offer tokenized securities in integration with HashKey Chain. The platform revealed this development on its official social media account.

In partnership with HashKey Chain, GF Securities has introduced “GF Token,” its earliest class of daily-redeemable and daily-interest-accruing tokenized security. The respective product additionally presents its earliest-ever multi-channel token custody and dissemination model in the case of on-chain securities. It is currently available for both institutional and high-net-worth individual investors. The project is reportedly executed with considerable participation from several business platforms working under HashKey Group.

The respective milestone highlights a key move in Hong Kong’s journey to tokenize real-world assets (RWAs). It also establishes the foundation for a wider on-chain collaboration between the tokenized securities issued by Hong Kong securities market in the future. In addition to this, “GF Token” operates as a class of diverse tokenized securities that GF Securities backs with the credit support. Specifically, GF Securities is launching 3 products in the currencies that include $RMB, $HKD, and $USD.

Among the above-mentioned currencies, the $USD version plays the role of a benchmark for the Secured Overnight Financing Rate. It is designed to operate as a low-volatility, transparent, and fair crash management instrument. “GF Token” accrues interest every day, deliver high liquidity, and is completely recorded on-chain through HashKey Chain. It enables traceable and transparent transfer flows. This focuses on making “GF Token” a basic building block when it comes to tokenized assets. Hence, its financial settlement mechanism lets investors switch between diverse tokenized securities.

According to HashKey Chain, in collaboration with GF Securities, it serves the main issuance platform, thoroughly contributing to GF Token’s launch. In this respect, NexaToken, HashKey Tokenisation, and HashKey Exchange are the businesses operating under Hashkey Chain to comprehensively back this development. Overall, this arrangement underscores a notable end-to-end model covering asset issuance, multi-point dissemination, and token custody. This establishes a resilient foundation for upcoming security dealer-driven tokenized asset release and on-chain collaboration.

HashKey Chain and GF Securities have embarked on a groundbreaking collaboration to unveil completely tokenized securities, marking a significant milestone in the financial landscape. This partnership introduces the first-ever daily-interest-accruing, daily-redeemable tokenized security, named "GF Token." The innovative product aims to facilitate seamless transitions between various tokenized securities through a fully integrated on-chain issuance process.

GF Token, launched by GF Securities, is backed by robust credit support and is available in three distinct currencies: USD, HKD, and offshore RMB. The USD version is particularly notable as it is benchmarked to the Secured Overnight Financing Rate (SOFR), serving as a transparent and low-volatility cash management instrument. The token's high liquidity and daily interest accrual, meticulously recorded on-chain via HashKey Chain, ensure a transparent and traceable transaction system.

The versatile features of GF Token allow investors to subscribe either through GF Securities or HashKey Exchange, promoting wider participation by both institutional professional investors and high-net-worth individuals (HNWIs). This tokenization initiative showcases a new pathway for investors to engage with tokenized securities, meeting the requirements of institutional investors needing effective capital management while appealing to the demands of Web3 users for accessible on-chain assets.

Several divisions within HashKey Group have played crucial roles in the successful on-chain launch of GF Token. NexaToken, a service from HashKey Cloud, facilitated the asset tokenization, ensuring enhanced efficiency in the process. Additionally, HashKey Tokenization provided valuable technical consultations and feasibility assessments, further bolstering this initiative. HashKey Exchange has actively participated in distributing GF Token to professional investors, utilizing its well-established network for effective outreach. This end-to-end model, combining asset issuance, token custody, and multipoint distribution, lays a solid foundation for future advancements in tokenized asset issuance and collaboration among securities dealers.

Mr. Zeng Chao, the CEO of GF Securities, emphasized the significance of this pioneering launch in their digital product strategy, acknowledging the valuable partnership with HashKey Group. He stated that the collaboration has significantly enhanced the efficiency with which GF's products could enter the public blockchain domain. Dr. Xiao Feng, Chairman of HashKey Group, highlighted the essential synergy between financial institutions and blockchain technology providers needed to bring real-world assets onto the blockchain. He believes that this launch not only showcases HashKey Chain's capabilities but also reinforces Hong Kong's position as a progressive hub for on-chain finance.

As HashKey Chain forges ahead, strengthening ties with traditional financial institutions such as banks and securities firms, the focus remains on expanding mechanisms for compliant on-chain asset issuance. The partnership with GF Securities signifies an essential step toward establishing a benchmark for real-world-ready on-chain finance in the evolving financial landscape.

HashKey Chain is designed to serve as the preferred blockchain for financial institutions and real-world asset tokenization. With its emphasis on compliance and scalability in on-chain finance, HashKey Chain creates a secure and transparent environment for institutional adoption. The platform leverages Ethereum's decentralized security while optimizing transaction efficiency, ensuring stability and traceability of on-chain assets. With affordable gas fees and high throughput, HashKey Chain facilitates efficient circulation of a range of financial instruments while streamlining operational costs for institutions.

GF Securities operates as a core platform of GF Holdings, aiming to bridge investment needs between Mainland China and global markets. Established in 2006, the firm provides comprehensive financial services to a wide array of clients, including institutions and high-net-worth individuals. Holding various licenses, GF Securities is committed to financial innovation through its ongoing focus on compliant securities products.