GF Securities Hong Kong and HashKey Chain have launched the city’s first tokenized security that is issued, recorded, and managed entirely on blockchain.
The new product, called “GF Token,” was announced on June 27, and is being described as a new way for investors to access short-term financial products through secure and transparent technology.
GF Token is available in Hong Kong dollars, U.S. dollars, and offshore RMB. The U.S. dollar version is tied to the secured overnight financing rate. The token is designed to offer daily interest and easy redemption. It seeks to provide investors with an easy-to-use, low-risk way to handle their idle capital.
Unlike earlier tokenized securities, it offers a complete on-chain setup, from creation to storage to distribution. Investors can subscribe through GF Securities or HashKey Exchange. They also have the choice of holding the tokens in a regular securities account or directly on-chain, making it easier for both traditional and crypto-native users to take part.
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GF Token is promoted as a building block for use in the wider tokenized assets space. It allows switching between different tokenized products through a shared settlement model on HashKey Chain.
Several HashKey Group teams provided support for the project. HashKey Tokenization offered technical guidance, NexaToken oversaw tokenization services, and HashKey Exchange helped distribute the product to qualified investors.
“The launching of GF Token is a major milestone for GF Securities (Hong Kong)’s digital product strategy, and an important extension of our chain-based product innovation,” said Zeng Chao, CEO of GF Securities (Hong Kong). “We believe this step will further solidify GF Securities (Hong Kong)’s first-mover advantage in emerging digital finance.”
GF Securities (Hong Kong) has been developing blockchain-based products since 2024. It was the first Chinese securities company to issue a tokenized product under Hong Kong law in January 2024. It continued its foray into digital finance in early 2025 by issuing a fund-backed tokenized note in partnership with Cinda Asset Management.
The launch comes as Hong Kong continues to test the use of blockchain for regulated financial instruments. GF Token might establish a model for other companies wishing to provide similar products under existing laws, using blockchain to improve speed, transparency, and access.
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