TechFlow news, June 27 — According to Bloomberg, the Hong Kong subsidiary of Chinese brokerage firm GF Securities has launched a tokenized security product called "GF Token" offering daily interest earnings and daily redemption, supporting multiple currencies including the US dollar, Hong Kong dollar, and offshore renminbi.
According to sources familiar with the matter, the yield on the dollar-denominated tokens is linked to the Secured Overnight Financing Rate (SOPR), while the specific rates for the Hong Kong dollar and renminbi products remain unclear. These tokenized securities feature daily interest accrual and daily redemption.
The source said the tokens are available only to institutional and professional investors, allowing short-term idle funds to earn interest and facilitating conversion between other tokenized assets. The tokens are issued on-chain and will be traded on Hashkey, a Hong Kong-licensed cryptocurrency exchange. GF Securities (Hong Kong) did not immediately respond to requests for comment.
Related reading: HashKey Chain partners with GF Securities (Hong Kong) to launch first tokenized security, achieving end-to-end deployment and issuance
