GF Securities, a prominent Chinese brokerage, has partnered with HashKey to introduce tokenized securities priced in US dollars, Hong Kong dollars, and offshore yuan. This initiative represents a significant advancement in Hong Kong’s objective to establish itself as a leading global hub for cryptocurrency.
Highlights of the initiative include:
- The launch of GF Token, which delivers daily yields and is available for redemption each day.
- The platform seeks to bolster Hong Kong’s commitment to real-world asset tokenization.
- In parallel, numerous other Chinese brokers are striving to capitalize on Hong Kong’s expanding crypto market.
HashKey announced on Friday that these innovative securities, named “GF Token,” are designed primarily for high-net-worth individuals and institutional investors.
The US dollar version of the tokens will be linked to the Secured Overnight Financing Rate (SOFR), an essential benchmark that indicates overnight borrowing costs underpinned by U.S. Treasury securities.
Upcoming Launch of GF Token on HashKey Chain
Set to be issued on the HashKey Chain, the tokens will be made available for distribution shortly.
In a statement, HashKey emphasized this milestone as a pivotal advancement in the city’s efforts toward real-world asset tokenization and as a foundation for extensive on-chain collaboration within Hong Kong’s securities sector.
Zeng Chao, the CEO of GF Securities (Hong Kong), described the collaboration with HashKey as a strategic endeavor aimed at enhancing the firm’s position in digital finance.
“This initiative will further consolidate GF Securities (Hong Kong)’s first-mover advantage in the rapidly evolving digital finance landscape,” he remarked.
The announcement follows the Hong Kong government’s release of a new policy statement, which details strategies to accelerate the tokenization of real-world assets and to broaden the city’s crypto licensing framework.
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
Hong Kong’s financial secretary, Paul Chan, highlighted that the updated framework, known as Policy Statement 2.0, is designed to expand the application of tokenization and diversify the use cases for digital assets.
In the meantime, other influential Chinese brokerage firms are also accelerating their efforts in this domain.
This week, Guotai Junan International received authorization to engage in crypto trading within Hong Kong, and both China Merchants Securities and Huatai International are reportedly seeking enhancements to their licenses to enter the burgeoning digital asset market.
Bergen County to Tokenize $240B in Property Deeds on Avalanche Blockchain
In related developments, Bergen County, the most populous county in New Jersey, has finalized a five-year contract with Balcony to tokenize 370,000 property deeds on the Avalanche blockchain, representing an estimated $240 billion in real estate assets.
This initiative is touted as the largest deed tokenization project in U.S. history and has the support of the Avalanche-focused venture fund, Blizzard.
Bergen County, home to nearly one million residents and generating $500 million annually from property taxes, aims to modernize its land record management and expedite deed processing through blockchain technology.
According to a projection released by the Global Financial Markets Association (GFMA) and the Boston Consulting Group, the global value of tokenized illiquid assets could reach $16 trillion by 2030.
More conservative forecasts from Citigroup estimate that $4 trillion to $5 trillion worth of tokenized digital securities may be issued by the same year.
Acknowledging this vast potential, leading corporations are actively pursuing advancements in the tokenization sector.
For example, Goldman Sachs plans to introduce three new tokenization products later this year in response to increasing client interest.
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