The first tokenized security in Hong Kong that can be redeemed daily has been born

A well-known brokerage has become the first in Hong Kong to issue tokenized securities and has connected to a certain blockchain network as its core issuance platform. The brokerage launched the first daily redeemable tokenized security product, achieving a "multi-point sales and multi-custody model" for securities on the chain. This product aims to become a benchmark product for on-chain tokenized assets, facilitating real-time switching for investors among different tokenized securities. High-net-worth individual professional investors and institutional professional investors can both participate in subscription and trading.

This issuance marks a key step in the Hong Kong financial technology ecosystem in the RWA( real-world assets) field, laying the foundation for promoting financial institutions to issue tokenized assets on-chain.

This tokenized security is issued by the broker based on its credit support, and it launches versions in three currencies: USD, HKD, and offshore RMB. The USD version's yield is linked to the U.S. overnight collateralized financing rate (SOFR), providing users with a low-volatility USD-denominated cash management tool. This product has high liquidity, supports daily interest calculations, and is fully recorded on the blockchain to achieve transparent and traceable asset circulation.

Compared to the tokenized securities previously issued by this broker, this new product features multi-point distribution and token custody. Investors can subscribe through the broker or a trading platform, and can also hold using traditional securities custody models. This arrangement further broadens the investor base for tokenized securities.

This product adopts a daily interest calculation mechanism, which is suitable for institutional management of short-term idle funds and aligns with the habits of Web3 users using on-chain native assets. As a forward-looking compliant financial product, it demonstrates the possibility of integrating real-world assets with on-chain infrastructure, providing a replicable and scalable reference path for RWA scenarios.

This issuance has explored a "one-stop path of asset issuance - token custody - distribution circulation," laying the foundation for more financial institutions to issue tokenized assets.

The CEO of the brokerage stated that this product is an important milestone in the company's development of a digital product system and is a continuation of exploring and perfecting the on-chain financial product series. The company values collaboration with blockchain technology providers, as their complete infrastructure and exchange functions allow assets to enter the public chain world in a more diversified and convenient manner. Over the years, the company has continuously increased its layout in the digital finance field to provide customers with diversified investment products and services. This cooperation to launch new products is one of the key initiatives for the company to actively promote the construction of the Hong Kong Token securities ecosystem.

The head of the blockchain technology provider stated that this is a key practice in the process of traditional financial assets being brought onto the chain. As a blockchain infrastructure specifically designed for compliant assets, they are honored to provide the brokerage with a stable and composable technical foundation, promoting the transition of on-chain RWA products from concept to reality. He believes that with the participation of more leading financial institutions, on-chain finance will gradually form a complete ecological closed loop, reconstructing the ways in which assets are issued, circulated, and governed.

In the future, the blockchain network will continue to expand cooperation with traditional financial institutions such as brokerages and banks, further developing the on-chain issuance and circulation mechanisms of compliant assets. By combining high-performance on-chain infrastructure with trustworthy assets, it will help Hong Kong create a truly usable core model of on-chain finance.