Catenaa, Tuesday, July 1, 2025- Chinese brokerage firm GF Securities has teamed up with HashKey to issue tokenized securities called “GF Token” in Hong Kong, available in US dollars, Hong Kong dollars, and offshore yuan.
The move supports Hong Kong’s ongoing push to become a leading crypto hub.
GF Token offers daily interest accrual and daily redemption, targeting high-net-worth individuals and institutional professional investors.
The US dollar version is benchmarked to the Secured Overnight Financing Rate (SOFR), reflecting borrowing costs secured by Treasury securities. The tokens will be issued on HashKey Chain and distributed at a later date.
Zeng Chao, CEO of GF Securities (Hong Kong), said the partnership marks a key step in building the city’s tokenized securities ecosystem and aims to strengthen GF Securities’ first-mover advantage in digital finance.
The launch follows Hong Kong’s recent policy update supporting real-world asset (RWA) tokenization and expanding its crypto licensing framework. Financial Secretary Paul Chan said the new policy promotes practical tokenization use cases to diversify digital asset applications.
Other Chinese brokers are also advancing crypto services in Hong Kong. Guotai Junan International received approval for cryptocurrency trading, while China Merchants Securities and Huatai International seek license upgrades to offer crypto trading.
