Bloomberg: GF Securities' Hong Kong subsidiary has launched daily interest tokenized securities denominated in U.S. dollars, Hong Kong dollars, and offshore renminbi, with the benchmark interest rate for the U.S. dollar token being the Secured Overnight Financing Rate (SOFR).

Insiders say that the tokenized securities will only be offered to institutional and professional investors, allowing them to generate interest from short-term idle funds, as well as to be used for conversions between other tokenized assets. The token is issued on-chain and traded on the licensed cryptocurrency exchange Hashkey in Hong Kong.