The core on-chain issuance network welcomes its first daily redeemable tokenized security

A brokerage firm, as the first institution in Hong Kong to issue tokenized securities, has fully integrated into a core on-chain issuance network and launched the first daily redeemable tokenized securities. This product, named "GF Token," has achieved the first implementation of "multi-point sales and multi-custody" layout for securities on-chain, aiming to become a standardized product for on-chain tokenized assets, facilitating real-time seamless switching for investors between different tokenized securities. High-net-worth individual professional investors and institutional professional investors can participate in subscriptions and trading.

This issuance has garnered deep participation from multiple relevant business institutions, marking a key step forward for the Hong Kong fintech ecosystem on the RWA (real-world assets) path, and laying a solid foundation for the future issuance or arrangement of tokenized assets by financial institutions on-chain.

"GF Token" is a tokenized security issued by a certain brokerage firm based on its credit support. This issuance simultaneously offers investors three currencies: USD, HKD, and offshore RMB. The yield of the USD tokenized security is linked to the Secured Overnight Financing Rate (SOFR), providing users with a fair, transparent, and low-volatility cash management tool denominated in USD. This product has high liquidity, supports daily interest calculation, and achieves public transparency and traceability of asset circulation through full on-chain records.

Compared to the previously issued tokenized securities, "GF Token" features multi-point distribution and token custody. Investors can subscribe through multiple channels and hold the tokenized securities using traditional securities custody models, facilitating traditional investors' extensive, continuous, and in-depth participation in various aspects of tokenized securities investment. This arrangement further broadens the investor base for tokenized securities and their services.

This product adopts a daily interest calculation mechanism, which is suitable for institutions managing short-term idle funds and aligns with Web3 users' usage habits of on-chain native assets. As a forward-looking compliant financial product, "GF Token" fully demonstrates the potential for the integration of real assets and on-chain infrastructure, providing a replicable and scalable reference path for on-chain RWA scenarios.

Multiple relevant business institutions have deeply participated in the on-chain issuance of the "GF Token", innovatively exploring a one-stop path of "Asset Issuance --- Token Custody --- Distribution and Circulation", laying the foundation for more financial institutions to issue or arrange tokenized assets in the future.

The CEO of a certain brokerage firm stated that the "GF Token" launched this time is an important milestone in the company's continuous development of a digital product system and is also a continuation of exploring and improving the on-chain financial product series. The company values cooperation with relevant institutions, leveraging its complete infrastructure and exchange functions to allow assets to enter the public chain world in a more diverse and convenient manner. For many years, the company has focused on business innovation, fully utilizing financial technology and continuously increasing its layout in the digital finance field, making every effort to provide customers with diversified investment products and services.

In January 2024, the brokerage successfully issued the first tokenized securities applicable under Hong Kong law, becoming the first Chinese brokerage to complete the minting, issuance, and distribution of self-created financial assets on a public chain. Subsequently, the company launched tokenized securities linked to financial assets such as stocks. In January 2025, the company collaborated with a certain asset management firm to implement the first distribution and trading of fund underlying tokenized securities, continuously enriching the underlying ecosystem of the tokenized securities field.

A relevant person in charge stated that "GF Token" is a key practice in the on-chain process of traditional financial asset tokenization. As a blockchain infrastructure designed specifically for compliant assets, the platform provides brokerages with a stable and composable technical base, promoting on-chain RWA products from concept to implementation. With the addition of more leading financial institutions, on-chain finance will gradually form a complete ecological closed loop, reconstructing the methods of asset issuance, circulation, and governance.

In the future, the platform will continue to expand cooperation with traditional financial institutions, including brokerages and banks, further enhancing the on-chain issuance and circulation mechanisms of compliant assets. By combining high-performance on-chain infrastructure with trustworthy assets, it will help Hong Kong create a real and usable core model of Onchain Finance.