Bloomberg: GF Securities (Hong Kong) will launch tokenized securities backed by offshore RMB, offering daily interest returns

ChainCatcher news, according to an informed source, a Chinese brokerage has begun offering tokenized securities that accrue interest in currencies such as USD, HKD, and offshore RMB. The source stated that the Hong Kong subsidiary of GF Securities Co., Ltd. has launched a tokenized security called "GF Token," which accrues interest daily and is redeemable daily. The USD token is based on the Secured Overnight Financing Rate (SOFR), while the interest rates for the HKD and RMB products are not yet clear.

The source mentioned that this token is only available to institutional and professional investors, allowing short-term idle funds to earn interest and facilitating conversions between other tokenized assets. The token is issued on-chain and will be traded on the licensed cryptocurrency exchange Hashkey in Hong Kong.

Currently, GF Securities (Hong Kong) has not responded immediately to this. (Bloomberg)