TechFlow news, on August 21, HashKey Chain announced that Hong Kong's first corporate note tokenization product has completed on-chain deployment and official issuance. This product is a senior unsecured fixed-rate tokenized note issued by Coastal Emerald Limited, guaranteed by Shangao Holdings Group Limited (412 HK) (Fitch rating: A-), with GF Securities (Hong Kong) Brokerage Company Limited serving as the sole placement agent, overall coordinator, arranger, blockchain agent, and tokenized securities custodian, with an issuance size of $40 million.
As the first enterprise-issued dematerialized registered digital native note deployed on HashKey Chain, this issuance marks a critical step forward in the digitization of Hong Kong's bond market.
HashKey Chain stated that this collaboration represents a landmark case of traditional financial assets going on-chain, fully demonstrating the advantages of its technical architecture in terms of security and efficiency, and also laying a solid foundation for more innovative financial products to go on-chain, helping Hong Kong build next-generation financial market infrastructure.
