HashKey Chain Partners GF Securities for End-to-End Tokenized Security

HashKey Chain has partnered with GF Securities (Hong Kong) to launch the first tokenized security featuring complete end-to-end on-chain deployment and issuance, marking a significant milestone in Hong Kong's real-world asset (RWA) tokenization efforts, according to a joint press release published today.

GF Securities (Hong Kong) becomes the first securities firm in Hong Kong to fully integrate with HashKey Chain as its core on-chain issuance network. The firm has launched "GF Token," a daily-interest-accruing, daily-redeemable tokenized security available in USD, HKD, and offshore RMB versions.

The USD version is benchmarked to the Secured Overnight Financing Rate (SOFR) and designed as a low-volatility cash management instrument. The tokenized security features high liquidity with daily interest accrual and full on-chain recording via HashKey Chain , enabling transparent transaction flows.

GF Token introduces a multi-channel distribution and custody model, allowing investors to subscribe through either GF Securities (Hong Kong) or HashKey Exchange. Investors can hold the tokenized securities in traditional securities accounts or directly on-chain, expanding access to both institutional professional investors and high-net-worth individuals.

The product serves as a building block for tokenized financial assets by providing an on-chain net settlement mechanism that enables switching between different tokenized securities. Multiple HashKey Group business units participated in the launch, including NexaToken for tokenization services, HashKey Tokenisation for technical consultation, and HashKey Exchange for distribution.

"The launching of GF Token is a major milestone for our digital product strategy, and an important extension of our chain-based product innovation," said Zeng Chao, CEO of GF Securities (Hong Kong). "The collaboration with HashKey Group to launch GF Token is a key initiative in building Hong Kong's tokenized securities ecosystem."

GF Securities (Hong Kong) has been a pioneer in tokenized securities since becoming the first Chinese securities firm to issue such products under Hong Kong law in January 2024. The firm previously launched tokenized securities linked to equities and other financial assets, and in January 2025 partnered with Cinda Asset Management for the first tokenized note backed by a fund.

Xiao Feng, chairman of HashKey Group, emphasized the strategic importance: "Bringing real-world assets (RWAs) on-chain requires deep integration between financial institutions and blockchain technology providers. The launch of 'GF Token' perfectly reflects this synergy."

The partnership establishes a comprehensive model for future security dealer-led tokenized asset issuance and positions Hong Kong as a hub for compliant on-chain finance infrastructure.