GF Securities achieves a significant milestone by successfully issuing fully digitized bonds, positioning itself as one of the pioneering financial institutions to tokenize traditional financial assets in Hong Kong. This achievement is made possible through the utilization of ABT Tech Limited (ABT)’s advanced Real World Asset Tokenization Platform, marking a key milestone as the first non-custodial wallet institutional tokenization use-case on a public blockchain in the global financial hub.
Since the Securities and Futures Commission (SFC) released the “Circular on intermediaries engaging in tokenized securities-related activities” in November 2023, GF Securities (Hong Kong) has effectively adhered to the latest regulations. The issuance of these tokenized assets reflects the institution’s commitment to compliance and the integration of blockchain technology, with ABT providing technical support. This regulated institutional-grade project features Securities and Exchange Commission (SFC) compliant securities tokens transacted and stored securely in client wallets, offering traditional investors a secure environment for exposure to blockchain wallets as part of the institution’s digitalization journey.
Given the complexity of regulatory demands on securities, ABT’s proprietary Public Permissioned System strikes a balance between security and flexibility. Tailored for regulated securities, this system integrates a robust on-chain governance model with identity, compliance, and confidentiality, addressing challenges associated with regulated assets on the blockchain.
As a well-established financial institution, GF Securities (Hong Kong) is the primary collaborator and user of ABT’s RWA Tokenization Platform. This collaboration places both entities at the forefront of innovation and financial technology, contributing to the global trend of digitizing traditional financial assets. The partnership underscores a shared commitment to revolutionizing traditional finance through blockchain, setting the stage for a new era in secure, compliant, and technologically advanced asset tokenization solutions.
Dr. Alex Yang, founder of ABT, stated, “To fully realize the blockchain technology’s full potential in the regulated financial world, making the applications easy to use and interact is absolutely essential. It is our goal to collaborate with and learn from established institutions like GF Securities (Hong Kong) to scale our unique know-hows.” The ongoing collaboration is expected to pave the way for further advancements in the financial landscape, offering clients opportunities in the evolving digital asset ecosystem.