On-chain finance welcomes new progress: the first multi-point distributed tokenized security "GF Token" is born

Recently, a brokerage firm became the first institution in Hong Kong to issue tokenized securities, officially connecting to a certain blockchain network as the core issuance channel and launching the first tokenized securities product "GF Token" that supports daily subscriptions and redemptions. This marks the first time in the securities industry that an "on-chain multi-point sales and multi-custody model" has been realized, aiming to create a standardized product for on-chain tokenized assets, facilitating seamless transitions for investors between different tokenized securities. This issuance has received deep participation from multiple parties, marking a significant breakthrough in Hong Kong's fintech ecosystem in terms of on-chaining real-world assets ( RWA ), laying a foundation for future financial institutions to issue and collaborate on tokenized assets on-chain.

"GF Token" is a tokenized security issued based on broker credit support, launching three currency versions simultaneously: USD, HKD, and offshore RMB. The yield of the USD tokenized security is linked to the U.S. overnight secured financing rate (SOFR), providing users with a highly transparent and low-volatility cash management tool priced in USD. This product has high liquidity, supports daily interest calculation, and records the entire process on-chain, ensuring the transparency and traceability of asset circulation.

Compared to the tokenized securities previously issued by the brokerage, the innovation of "GF Token" lies in its support for multi-point distribution and various token custody methods. Investors can subscribe through the brokerage or a trading platform and can choose to hold the tokenized securities under the traditional securities custody model, which provides convenience for traditional investors to participate in tokenized securities investments. In addition to institutional professional investors, high-net-worth individual professional investors can also participate in subscriptions and trading, further expanding the investment community.

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 for on-chain native assets. As a forward-looking compliant financial product, "GF Token" demonstrates the potential for the combination of real-world assets and on-chain infrastructure, providing a replicable and scalable reference path for RWA tokenization.

It is worth noting that the issuance of the "GF Token" involves innovations across multiple stages: a certain cloud service provider has achieved asset tokenization for the product, a certain consulting agency has provided advice on the application of tokenization technology, and a certain trading platform has opened distribution to professional investors. This arrangement has explored a one-stop path of "asset issuance - token custody - distribution and circulation", laying the foundation for the on-chain issuance and collaboration of tokenized assets by more financial institutions in the future.

The CEO of the brokerage stated that "GF Token" is an important milestone in the company's ongoing development of a digital product system and continues the exploration and improvement of the on-chain financial product series. He emphasized that the company values cooperation with blockchain infrastructure and exchanges, which allows assets to enter the public chain world in a more diverse and convenient way. For many years, the company has been committed to business innovation, fully utilizing financial technology, and continuously strengthening its layout in the digital finance field to provide customers with diversified investment products and services. This cooperation to launch "GF Token" is one of the key initiatives for the company to actively promote the construction of the tokenized securities ecosystem in Hong Kong, which will further consolidate the company's first-mover advantage in the emerging digital finance sector.

The chairman of a certain group pointed out that the on-chain integration of real-world assets (RWA) requires true bidirectional integration between financial institutions and blockchain technology platforms, and the launch of "GF Token" embodies this concept. As the preferred chain for financial assets, it will continue to provide reliable underlying support and infrastructure for compliant assets, promoting Hong Kong to become the world's most vibrant on-chain financial hub.

A head of a blockchain network 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, it is an honor to provide brokerages with a stable and composable technical foundation, promoting the transition of on-chain RWA products from concept to implementation. He believes that as more leading financial institutions join, on-chain finance will gradually form a complete ecological closed loop, reconstructing the ways of asset issuance, circulation, and governance.

In the future, this blockchain network will continue to expand cooperation with traditional financial institutions, including brokerages and banks, further developing the on-chain issuance and circulation mechanisms of compliant assets. By combining high-performance on-chain infrastructure with trusted assets, it will help Hong Kong build a real and usable core sample of on-chain finance.