GF Securities and HashKey Launch Tokenized Securities in Hong Kong as City Advances Crypto Ambitions
- GF Securities and HashKey launch tokenized securities in Hong Kong to support growing demand for digital assets.
- The USD token is pegged to SOFR which offers stable returns and attracts high net worth and institutional investors.
- Hong Kong expands crypto regulations through Policy Statement 2.0 to promote real world asset tokenization.
Chinese brokerage firm GF Securities has teamed up with HashKey to introduce tokenized securities in Hong Kong. The offering includes securities denominated in the U.S. dollar, Hong Kong dollar, and offshore yuan.
This launch comes as Hong Kong continues its effort to become a leading crypto and digital asset hub in Asia.
High-Net-Worth and Institutional Focus
The new product, called “GF Token,” targets high-net-worth individuals and institutional professional investors. These tokenized securities accrue interest daily and offer daily redemption.
The structure provides more flexibility than traditional fixed-income instruments. The collaboration also marks one of the first major moves by a Chinese brokerage to enter the digital asset tokenization space.
USD Token Benchmarked to SOFR
The U.S. dollar-denominated token uses the Secured Overnight Financing Rate (SOFR) as its benchmark. SOFR is a widely adopted measure that reflects overnight borrowing costs.
It is backed by U.S. Treasury securities, offering a stable base for the interest model. The tokens are issued on HashKey Chain, the company’s blockchain platform, with distribution planned for a later stage.
Regulatory and Policy Support Grows
The partnership follows a new policy update by the Hong Kong government. On Thursday, authorities released a revised digital asset strategy known as “Policy Statement 2.0.” The policy outlines expanded support for tokenization of real-world assets (RWA) and broader application of blockchain technologies. Meanwhile, Hong Kong Customs is developing a digital tool to trace suspicious cryptocurrency transactions.
Officials aim to increase the practical use of tokenization and diversify the range of digital financial products in the city.
Market Movement Across Brokerages
GF Securities is not alone in its digital pivot. Earlier this week, Guotai Junan International received regulatory approval to offer cryptocurrency trading services in Hong Kong. Other major players, including China Merchants Securities and Huatai International, are actively pursuing license upgrades.
These moves suggest a growing appetite among traditional firms to enter the crypto space under Hong Kong’s evolving legal framework.
Industry Looks Toward Expansion
The tokenization initiative by GF Securities and HashKey adds momentum to the sector’s development. It reflects growing interest from traditional finance in blockchain-backed assets. By tapping into 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. The city’s push to integrate tokenized products signals a shift toward digital finance within a tightly regulated framework.
