GF Securities' Hong Kong subsidiary launches multi-currency tokenized securities GF Token

[Coin World] Coin World reported on June 27 that an informed source revealed that a Chinese brokerage has begun offering tokenized securities with interest denominated in currencies such as USD, HKD, and offshore RMB. The source stated that the Hong Kong subsidiary of GF Securities Co., Ltd. has launched tokenized securities that accrue interest daily and can be redeemed daily, named "GF Token." The USD token is benchmarked against the Secured Overnight Financing Rate (SOFR), while the interest rates for HKD and RMB products are still unclear. The source noted that this token is available only to institutional and professional investors, allowing short-term idle funds to generate interest and facilitating conversion between other tokenized assets. The token is issued on-chain and will be traded on a licensed cryptocurrency exchange in Hong Kong. GF Securities (Hong Kong) did not immediately respond to this.