HashKey Chain partners with GF Securities (Hong Kong) to launch the first tokenized securities, achieving end-to-end deployment and issuance.

HashKey Chain announced that GF Securities (Hong Kong) has become the first brokerage to issue tokenized securities in Hong Kong, and has fully integrated into HashKey Chain as the core on-chain issuance network, issuing the first daily redeemable tokenized security "GF Token". The "GF Token" tokenized security has achieved the first on-chain "multi-point sales and multiple accomplice custody" layout, aiming to become a benchmark product for on-chain tokenized assets, facilitating real-time seamless switching between different tokenized securities for investors on-chain. High-net-worth individual professional investors and institutional professional investors can participate in the subscription and trading. This issuance has received deep participation from multiple business entities under HashKey Group, marking a key step forward in the Hong Kong fintech ecosystem on the RWA (Real World Asset) path, laying a solid foundation for promoting the on-chain issuance and collaboration of tokenized assets issued or arranged by financial institutions in the next stage.

"GF Token" is a tokenized security issued by GF Securities (Hong Kong) 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 anchored to the U.S. overnight secured financing rate (SOFR), providing users with a fair, transparent, and low-volatility cash management tool denominated in USD. "GF Token" features high liquidity, supports daily interest accrual, and is fully recorded on-chain through HashKey Chain, achieving public transparency and traceability of asset circulation. It aims to establish "GF Token" as a benchmark product for on-chain tokenized assets, facilitating real-time seamless switching between different tokenized securities on-chain for investors using "GF Token".

Compared to the tokenized securities issued earlier by GF Securities (Hong Kong), this "GF Token" features multi-point distribution and token custody. Investors can subscribe through GF Securities (Hong Kong) or HashKey Exchange, placing orders at multiple points, and can also hold the tokenized securities using traditional securities custody models, facilitating broad, continuous, and in-depth participation of traditional investors in various aspects of tokenized securities investment, including trading and custody. In addition to institutional professional investors, high-net-worth individual professional investors can also participate in the subscription and trading of this "GF Token." This arrangement further expands the investor base for tokenized securities and their services.

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

It is worth mentioning that HashKey Chain, as the core issuance network of this product, is deeply involved in the on-chain issuance of the "GF Token" by multiple business institutions under HashKey Group: the NexaToken service provided by HashKey Cloud enables asset tokenization for this product, HashKey Tokenisation participates in the tokenization product plan of GF Securities (Hong Kong) and offers consulting and feasibility advice on the application of tokenization technology, and distribution can be opened to professional investors through HashKey Exchange. This arrangement innovatively explores a one-stop path of "asset issuance - token custody - distribution circulation", laying the foundation for the on-chain issuance and cooperation of tokenized assets for more financial institutions in the next phase.

Mr. Zeng Chao, CEO of GF Securities (Hong Kong), stated: "The launch of the 'GF Token' is an important milestone in GF Securities (Hong Kong)'s continuous development of a digital product system and also a continuation of GF Securities (Hong Kong)'s exploration to improve its on-chain financial product series. We value our cooperation with HashKey Group and its subsidiary HashKey Chain. Its complete infrastructure and exchange functions will enable GF Assets to enter the public chain world in a more diverse and convenient manner. Over the years, GF Securities (Hong Kong) has focused on business innovation, fully utilizing financial technology, and continuously increasing its layout in the digital finance field to provide clients with diversified investment products and services. The cooperation with HashKey Group to launch the 'GF Token' is also one of the key measures for the company to actively promote the construction of a tokenized securities ecosystem in Hong Kong. We believe this move will further consolidate GF Securities (Hong Kong)'s first-mover advantage in the emerging digital finance field."

In January 2024, GF Securities (Hong Kong) successfully issued the first tokenized securities under Hong Kong law, becoming the first Chinese broker to mint, issue, and distribute self-created financial assets on the public blockchain. This was also the first issuance of tokenized securities following the Hong Kong Securities and Futures Commission's release of regulatory guidelines such as the "Tokenization Circular" in November 2023. Subsequently, the company launched tokenized securities linked to financial assets such as stocks. In January 2025, the company collaborated with Cinda Asset Management to implement the first distribution and trading of fund underlying tokenized securities, continuously enriching the underlying ecosystem in the field of tokenized securities.

Dr. Xiao Feng, Chairman of HashKey Group, stated: "The on-chain transformation of Real World Assets (RWA) requires a true bilateral integration between financial institutions and our blockchain technology platform, and the release of 'GF Token' embodies this concept. HashKey Chain, as the preferred chain for financial assets, will continue to provide reliable underlying support and infrastructure for compliant assets, promoting Hong Kong to become the most vibrant on-chain financial hub in the world."

Kay, the head of HashKey Chain, stated: "The 'GF Token' is a key practice in the on-chain process of traditional financial asset transformation. As a blockchain infrastructure designed specifically for compliant assets, HashKey Chain is honored to provide a stable and composable technical base for GF Securities (Hong Kong), promoting the transition of on-chain RWA products from concept to implementation. We believe that with the addition of more leading financial institutions, on-chain finance will gradually form a complete ecological loop, reconstructing the methods of asset issuance, circulation, and governance."

HashKey Chain will continue to expand cooperation with traditional Financial Institutions, including brokerages and banks, in the future, further enhancing the on-chain issuance and circulation mechanism of compliant assets. By combining high-performance on-chain infrastructure with credible assets, it will help Hong Kong create a tangible and usable Onchain Finance core model.

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About HashKey Chain

HashKey Chain is the preferred public chain for financial institutions and RWA assets on-chain, dedicated to promoting the compliance and scalability of Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides institutions with a secure and transparent on-chain environment.

With a secure and trustworthy technical architecture, HashKey Chain inherits the decentralized security of Ethereum and enhances transaction efficiency through high-performance optimization, ensuring the stability and traceability of on-chain assets. In addition, HashKey Chain adopts a high-performance, low-cost solution, providing extremely low Gas fees and high throughput, allowing financial assets such as Money Market Funds, bonds, funds, and stablecoins to circulate efficiently and reduce operational costs for institutions on the blockchain.

HashKey Chain is deeply collaborating with global leading Financial Institutions and compliant Web3 projects to provide optimal solutions for institutional-grade DeFi, RWA tokenization, stablecoin settlement, and other application scenarios, accelerating the digital and intelligent upgrade of the financial system.

HashKey Chain Official Website:

Media Contact: hsk@hashkey.com

About GF Securities (Hong Kong)

GF Securities (Hong Kong), which is GF Holdings (Hong Kong) Limited and its subsidiaries, is the core platform for GF Securities Co., Ltd. (stock code: 000776.SZ, 1776.HK) to promote its internationalization strategy. GF Securities (Hong Kong) is committed to serving the overseas investment needs of mainland clients and facilitating international investors' investments in China, becoming a bridge connecting mainland and international capital markets.

Founded in 2006, GF Securities (Hong Kong) provides comprehensive financial services such as global markets, wealth management, brokerage, and capital markets to global and local enterprises, institutions, retail, and high-net-worth clients, holding the Hong Kong Securities and Futures Commission licenses number 1, 4, 6, and 9.

GF Securities (Hong Kong) Official Website: www.gfgroup.com.hk

Media contact: media@gfgroup.com.hk; oliviahu@gfgroup.com.hk

Disclaimer

HashKey Chain serves solely as a technical infrastructure provider, supporting asset issuers in deploying and issuing tokenization products on-chain. The authenticity, source, custody, security, pricing mechanism, and compliance of the tokenization products themselves are the responsibility of the issuer and its third-party service institutions, and are unrelated to HashKey Chain. The information contained in this material is for general reference only and does not constitute an offer, solicitation, or advice regarding any virtual assets, securities, or financial instruments. Any forward-looking statements that may be included in this material, including but not limited to ecological development plans and anticipated use cases, may be subject to changes due to legal, technical, regulatory, and other factors, and actual results may differ significantly from expectations. HashKey Chain makes no express or implied guarantees regarding the accuracy, completeness, or reliability of the information contained in this material. This material is intended solely for specific regions/persons legally permitted to receive such information and should not be considered an offer or solicitation in any region where such actions are prohibited by law or regulation.

GF Securities (Hong Kong) includes GF Holdings ( Hong Kong ) Limited and/or its related subsidiaries established in Hong Kong, including GF Securities ( Hong Kong ) Brokerage Limited - engaged in the regulated activities of Type 1 ( securities trading ) and Type 4 ( advising on securities ) under the Securities and Futures Ordinance ( Hong Kong Laws Chapter 571 ). The tokenized securities or financial instruments mentioned in this document may not be sold in certain jurisdictions.

The cases and data included in this material are for illustrative purposes only and are intended for case demonstration. Although we have exercised utmost caution in preparing this plan, Guangfa Securities (Hong Kong) makes no express or implied statements or guarantees regarding the public nature, completeness, and accuracy of the information or data contained in this material, and one should not rely on the aforementioned information or data. The information contained in this material is for general reference only and does not constitute an offer, solicitation, or recommendation for any tokenized securities or financial instruments, nor does it constitute the basis or foundation for any contract or commitment. Forward-looking statements that may be included in this material, including but not limited to ecological development plans, expected use cases, etc., may be subject to changes due to legal, technical, regulatory, and other factors, and actual results may differ significantly from expectations.

Investing involves risks, and past performance is not indicative of future results. Investors may incur losses. Investors should not invest in the tokenized securities or financial instruments described in this document based solely on this overview and should read the further details contained in the prospectus, including risk factors, particularly the risks of investing in emerging markets. Readers are urged to exercise independent judgment to make their own investment decisions and seek professional advice if necessary, to ensure that investment decisions are suitable for their financial situation. Neither GF ( Hong Kong ), GF Securities Co., Ltd., nor its subsidiaries shall be liable for any losses arising from the contents of this document. This document is published by GF ( Hong Kong ) and has not been reviewed by the Securities and Futures Commission.