HashKey Chain & GF Securities Launch First Tokenized Security in HK: A New Era for Onchain Finance

The Dawn of Onchain Finance in Hong Kong

I’ve long argued that blockchain’s real power isn’t in speculative tokens—it’s in real world asset (RWA) tokenization. And today, Hong Kong is proving me right. The debut of “GF Token” on HashKey Chain isn’t just a product launch; it’s infrastructure being written live.

This is the first time a licensed securities firm—Guangfa Securities (Hong Kong)—has issued a fully compliant, multi-currency tokenized security on public blockchain via its own chain infrastructure. No sandbox. No pilot phase. Just execution.

Why This Isn’t Just Another ‘Tokenized Bond’

Let me be clear: this isn’t another stablecoin or meme-backed promise. “GF Token” is a regulated cash management vehicle backed by Guangfa’s credit—offering returns tied to SOFR (U.S. overnight repo rate). It’s designed for both institutions and high-net-worth individuals wanting daily liquidity and transparent yield.

But here’s where it gets interesting: multi-point distribution and multi-asset custody.

You can buy through Guangfa Securities or HashKey Exchange—two different entry points with distinct user bases. You can hold it under traditional custodial models or on-chain via digital wallets.

That duality? That’s the bridge between legacy finance and Web3.

How HashKey Chain Became the Backbone

As someone who builds quant models for DeFi protocols, I appreciate clean tech stacks—and HashKey Chain delivers.

It inherits Ethereum’s security model while optimizing throughput and slashing gas fees to near-zero levels—critical when you’re dealing with high-frequency settlement needs from institutional clients.

NexaToken by HashKey Cloud handled the asset digitization; HashKey Tokenisation provided technical advisory; and HashKey Exchange enabled open trading—all under one compliant umbrella.

This isn’t an experiment anymore—it’s a reproducible framework for RWA issuance across Asia.

The Bigger Picture: Building Onchain Finance Ecosystems

The real win? This wasn’t done in isolation.

“RWA chainification requires true bidirectional integration between banks and blockchain platforms,” said Dr. Xiao Feng, Chairman of HashKey Group—the same sentiment echoed by Guangfa’s CEO: “We’re not just going on-chain—we’re building the bridge.”

And they’re right. What we’re seeing now is systemic change:

• Regulatory clarity from SFC (²⁰²³⁄₂₀₂₄ guidelines)
• Legal enforceability under Hong Kong law § 158A(1)
• A scalable infrastructure layer with identity verification baked into the stack § 36b(1)
• Real yield embedded into native digital assets § 45©(i) The result? An ecosystem where compliance doesn’t slow innovation—it enables it.

Final Thoughts: From Theory to Tangible Asset Flowing Chainspace ➡️ 💾 🔗

Panic over crypto volatility? Maybe not necessary anymore—if you’re focused on actual utility rather than speculation. The “GF Token” proves that when regulated institutions meet robust blockchain infrastructure like HashKey Chain, we finally get what we’ve been waiting for: onchain finance that works—and scales globally without compromising compliance or trust.