TL;DR
- HashKey Chain and GF Securities launched “GF Token,” Hong Kong’s first fully on-chain tokenized cash security in USD, HKD, and offshore RMB tranches, with daily SOFR-based yields and on-demand redemption.
- Real-time blockchain issuance and settlement eliminate paper trails, deliver full transparency and high liquidity, and let investors track every transaction without manual reconciliation.
- Dual-custody model bridges TradFi and Web3, accredited clients subscribe via GF Securities accounts, while crypto natives buy directly on HashKey Exchange, creating a replicable RWA tokenization blueprint.
HashKey Chain has partnered with GF Securities to launch the city’s inaugural fully on-chain tokenized security. Dubbed “GF Token,” this groundbreaking product transforms traditional cash instruments into blockchain-native assets, marking a major milestone in Hong Kong’s real-world asset (RWA) tokenization journey.
By integrating GF Securities’ issuance framework directly into HashKey Chain, the collaboration removes manual handoffs and paper trails, delivering a seamless issuance-to-settlement workflow entirely on decentralized infrastructure.
🔔 HashKey Chain has partnered with GF Securities (Hong Kong) to launch its first tokenized security, with end-to-end on-chain deployment and issuance.
🗓️ Time: June 27, 2025
▶️About GF Token:
—Available in USD, HKD & CNH
—USD yield pegged to SOFR
—High liquidity & daily… pic.twitter.com/dS1VykEf6m— HashKey Chain (@HSKChain) June 27, 2025
‘GF Token’ Unveiled: Daily Interest and Multi-Channel Access
At the heart of the launch is a suite of three currency variants, USD, HKD, and offshore RMB, each designed as a liquid, low-volatility cash management tool. The USD tranche is benchmarked to the Secured Overnight Financing Rate (SOFR), accruing interest daily and offering investors immediate redemption on demand.
High liquidity is assured through real-time on-chain recording of every transaction, giving participants full transparency into fund flows and enabling them to monitor yields without lengthy reconciliations.
Bridging TradFi and Web3 Custody Models
Uniquely, GF Token supports a dual custody and distribution model. Accredited investors can subscribe via GF Securities using familiar securities accounts, while crypto-native users can purchase and hold tokens directly on HashKey Exchange.
This multi-channel approach lowers the barrier to entry, letting high-net-worth individuals and institutional professionals choose between traditional brokerage interfaces or direct on-chain wallets, without sacrificing compliance or security.
A Blueprint for Hong Kong’s RWA Ecosystem
Multiple HashKey Group units collaborated on the project: NexaToken programmed the issuance logic, HashKey Tokenisation provided technical advisory, and HashKey Exchange handled secondary distribution.
GF Securities (Hong Kong) CEO Zeng Chao hailed GF Token as a cornerstone of the firm’s digital strategy, while HashKey Group Chairman Xiao Feng emphasized the necessity of deep financial and blockchain integration to bring RWAs on-chain.
As tokenized securities gain momentum, this partnership sets a replicable model for broker-dealers aiming to issue compliant on-chain products, positioning Hong Kong as a leading hub for regulated, digital-asset finance.
