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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Bloomberg: GF Securities (Hong Kong) has launched tokenized securities supported by offshore RMB and interest-bearing.
On June 27, Bloomberg reported, citing informed sources, that the Hong Kong subsidiary of GF Securities Co., Ltd. has begun offering tokenized securities that earn interest in currencies such as US dollars, Hong Kong dollars, and offshore renminbi. The source stated that the company's daily interest-bearing, daily redeemable tokenized securities are named "GF Token." Among them, the US dollar token is based on the Secured Overnight Financing Rate (SOFR), while the interest rates for the Hong Kong dollar and renminbi products are not yet clear. The source mentioned that this token is available only to institutional and professional investors, allowing idle short-term funds to earn interest and enabling conversions between other tokenized assets. The token is issued on-chain and will be traded on the licensed cryptocurrency trading platform CEX in Hong Kong. GF Securities (Hong Kong) did not respond immediately to this.