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Hong Kong’s GF Securities launches tokenized security on Ethereum

Published

9 months ago

April 2, 2024

GF Securities in Hong Kong has introduced the first-ever Commercial Paper tokenized security, fully compliant with local laws and issued on the Ethereum blockchain.

This project opens up more opportunities in Hong Kong relative to Web 3.0 technologies and the digitalization of Real World Assets (RWA).

GF Securities (Hong Kong) Brokerage Limited is a financial services company based in Hong Kong that is part of the GF Securities Group. Established in 1991, GF Securities is a full-service investment bank with a strong presence in China and Hong Kong.

The company focuses on providing a wide range of financial services, including securities brokerage, stock broking, dealing, and related services to its clients.

GF Securities (Hong Kong) emphasizes a customer-centric approach, aiming to understand its clients’ needs, focus on their expectations, and maximize their benefits.

GF Securities is making this stride following the issuance of important regulatory guidelines by the Hong Kong Securities and Futures Commission (SFC) in 2024.

In response to the increasing demand for digital asset investment, the SFC has issued business requirements for offering tokenized securities and other investment products.

Additionally, GF Securities is working with ABT Tech to implement its latest project. ABT Tech Limited is a Hong Kong-based company specializing in end-to-end tokenization and infrastructure solutions for Real World Assets (RWA).

It focuses on translating complex regulatory and compliance processes into smart contracts and elegant logic.

The company offers institutional-grade tokenization solutions for various asset classes, including debts, funds, stablecoins, and commodities like gold.

The use of the Ethereum blockchain to create tokenized security ensures safer, more transparent, and efficient transactions.

With this, investors can easily access real-time token information without restrictions, promoting transparency and access without the need for traditional intermediaries.