• 27 June 2025
• |
• 13:30

Hong Kong’s ambitions to lead in digital finance are gaining momentum. Chinese brokerage GF Securities has joined forces with blockchain giant HashKey to roll out a new class of tokenized financial instruments—dubbed “GF Token”—tailored for institutional and high-net-worth investors.

The tokens, which accumulate interest daily and allow flexible redemption, are denominated in major currencies like the U.S. dollar, Hong Kong dollar, and offshore yuan. According to HashKey, the U.S. dollar version of the token is pegged to the Secured Overnight Financing Rate (SOFR), a widely followed benchmark used in traditional finance.

Built on HashKey Chain, the assets are expected to be distributed soon, marking one of the first real-world asset (RWA) tokenization ventures involving a major Chinese brokerage in Hong Kong.

Zeng Chao, CEO of GF Securities (Hong Kong), called the launch a strategic play that reinforces the firm’s early-mover edge in the fast-evolving digital asset space. He emphasized that the collaboration with HashKey sets the stage for future growth in on-chain financial services.

The announcement coincides with new policy direction from Hong Kong’s government. Just a day earlier, Financial Secretary Paul Chan unveiled “Policy Statement 2.0,” which lays out fresh support for tokenized real-world assets and the expansion of crypto licensing.

As part of this broader shift, other major players are moving in. Guotai Junan International recently secured approval for crypto trading services, and firms like Huatai International and China Merchants Securities are seeking similar regulatory upgrades.

The race to tokenize traditional financial instruments is heating up—and Hong Kong seems determined to stay ahead of the curve.

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