GF Securities Launches Yuan Tokenized Securities in Partnership with HashKey
2025/06/27 16:56- Yuan-backed tokenized securities gain traction in Hong Kong
- HashKey and GF Securities Drive Tokenization of Real Assets
- Hong Kong moves forward with crypto licensing with new policy
Chinese brokerage GF Securities has partnered with HashKey Capital to launch tokenized securities backed by fiat currencies including the U.S. dollar (USD), Hong Kong dollar (HKD) and offshore yuan (CNH). The assets, called “GF Token,” were issued in Hong Kong and represent another strategic move by the region to cement its position as a global hub for digital finance and crypto infrastructure.
🤝 HashKey Group × GF Securities (Hong Kong)
A landmark partnership shaping the future of institutional-grade digital finance in 🇭🇰.We're proud to support the launch of “GF Token” — Hong Kong's first fully on-chain tokenized security with multi-currency support and daily… pic.twitter.com/vbrsYQjkLq
— HashKey Group (@HashKeyGroup) June 27, 2025
The tokenized securities have daily liquidity and interest calculated based on the overnight financing rate secured by Treasury securities, SOFR, in the case of the dollar version. The issuance was made directly on the HashKey Chain and the assets will subsequently be distributed among qualified investors. The target audience includes high net worth individuals and financial institutions with a professional profile.
Em official note , HashKey called the initiative “a major step forward in the city’s real-world asset (RWA) tokenization journey,” highlighting the potential to expand collaboration in Hong Kong’s digital securities ecosystem.
Zeng Chao, CEO of GF Securities (Hong Kong), stressed the strategic importance of the partnership: “Collaborating with HashKey Group to launch GF Token is a key initiative in building Hong Kong’s tokenized securities ecosystem. We believe this move will further cement GF Securities (Hong Kong)’s first-mover advantage in emerging digital finance.”
GF Securities’ announcement comes shortly after the Hong Kong government released a new public policy guideline aimed at tokenizing assets and expanding the licensing regime for cryptocurrencies. Paul Chan, the special administrative region’s financial secretary, said the new guideline “sets out our vision for [digital asset] development and shows the practical use of tokenization through application, with the aim of driving the diversification of use cases.”
The move also comes amid the entry of other Chinese brokerages into the crypto sector in Hong Kong. Guotai Junan International, for example, has received regulatory authorization to offer cryptocurrency trading services. Companies such as China Merchants Securities and Huatai International are also updating their licenses to operate in this emerging market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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