Source prnewswire
GF Securities (Hong Kong) Leads Digitalization by Launching Tokenized Bond Using ABT’s Advanced RWA Tokenization Platform
As one of Hong Kong's first financial institutions to successfully tokenize traditional financial assets, GF Securities (Hong Kong) achieves an inflective milestone by releasing fully digitized bonds, becoming one of the first financial institutions to do so. In the global financial hub, this innovative product, backed by ABT Tech Limited's advanced Real World Asset Tokenization Platform, marks a crucial milestone for institutional tokenization of non-custodial wallets on a public blockchain. As a result of the SFC's "Circular on intermediaries engaging in tokenized securities-related activities" from November 2023, the issuance of these tokenized assets by GF Securities (Hong Kong) is a notable achievement in adhering to the latest regulations and utilizing blockchain technology for ABT and GF Securities (Hong Kong). In this regulated institutional-grade project, securities tokens are safely traded and stored in client wallets in accordance with Securities and Exchange Commission (SFC) regulations, providing a secure environment for traditional investors to gain exposure to the use of blockchain wallets. As the institution marches forward on its digitalization journey with the technical support of ABT, GF Securities (Hong Kong) is committed to security and safety. As the institution marches forward on its digitalization journey with the technical support of ABT, GF Securities (Hong Kong) is committed to security and safety.Since securities are governed by complex regulations, it may not be possible to create a fully decentralized network that meets all of the requirements. ABT's proprietary Public Permissioned System strikes the right balance between security and flexibility in order to meet the needs of regulated securities. As a result, it effectively addresses the challenges associated with regulated assets on a blockchain by integrating a robust on-chain governance model with identity, compliance, and confidentiality.We are delighted to announce that GF Securities (Hong Kong) is the primary collaborator and user of the RWA Tokenization Platform developed by ABT.. A collaboration like this places both entities at the forefront of innovation and financial technology in the wave of the global trend of digitizing traditional financial assets and making them accessible to the public. By engaging in this collaboration, we are committing to revolutionizing traditional finance by embracing the power of blockchain, setting the stage for the emergence of a new era of secure, compliant, and technologically advanced asset tokenization solutions that will revolutionize traditional finance By engaging in this collaboration, we are committing to revolutionizing traditional finance by embracing the power of blockchain, setting the stage for the emergence of a new era of secure, compliant, and technologically advanced asset tokenization solutions that will revolutionize traditional financeIt is imperative to make the applications as easy to use and interact with as possible in order to fully exploit the potential of the blockchain technology in the regulated financial sector. In order to scale up our unique know-how, it is our goal to collaborate with and learn from the established institutions like GF Securities (Hong Kong).. The founder of ABT is Alex Yang. In the future, the ongoing collaboration between GF Securities (Hong Kong) is expected to pave the way for further advancements in the financial landscape, offering clients unprecedented opportunities in the evolving world of digital assets.. With ABT's commitment to bridging the gap between traditional sectors and emerging technologies, the future for blockchain applications continues to grow, promising a future where it will be possible for a broader spectrum of businesses and organizations to take advantage of the benefits offered by this transformative technology With ABT's commitment to bridging the gap between traditional sectors and emerging technologies, the future for blockchain applications continues to grow, promising a future where it will be possible for a broader spectrum of businesses and organizations to take advantage of the benefits offered by this transformative technologyA brief overview of GF Holdings (Hong Kong) Corporation Limited ("GF Holdings (Hong Kong)")GF Holdings (Hong Kong) is a wholly-owned subsidiary of GF Securities Co Ltd.. Its stock code is 000776 (Stock code: 000776).In the year 1776, SZ was established.(Hong Kong). The company's subsidiaries offer clients around the world a comprehensive range of financial services, including brokerage services and wealth management, corporate finance, asset management and investment management. In order to capture opportunities and build an international platform, GF Holdings (Hong Kong) capitalizes on the company's competitive advantages and seeks to capitalize on those advantages In order to capture opportunities and build an international platform, GF Holdings (Hong Kong) capitalizes on the company's competitive advantages and seeks to capitalize on those advantagesThere is a wholly-owned subsidiary called GF Securities (Hong Kong) Brokerage Limited that is licensed by the Securities and Futures Commission of Hong Kong to operate Type 1 regulated activity (dealing in securities) and Type 4 regulated activity (advising on securities) in accordance with the Securities and Futures Ordinance, CE No. GF Securities (Hong Kong) Brokerage Limited is a wholly-owned subsidiary of GF Holdings (Hong Kong). CE No. is AOB364.Here is some information about ABT Tech Limited (www.abttech.com).An abbreviation for.The Real World Assets Foundation (RWAF) is an end-to-end tokenization and infrastructure solution provider for Real World Assets (RWAs).. A group of mathematical PhDs founded a company that specializes in translating complex regulatory and compliance processes into elegant logic and smart contracts, which can be implemented in any environment. The ABT Group conducted the issuance of the first gold-backed token for a subsidiary of "The Chinese Gold & Silver Exchange", Hong Kong's only physical gold exchange, showcasing its top-tier expertise and blockchain infrastructure as part of the project.. ABT also provides institutional-grade tokenization solutions for other asset classes, including debts, funds, and stablecoins, as well as tokenization solutions for other asset classes. Among the company's modular architectures are Issuance, Transfer, Cap-Table Management Tools, Client Portfolio Management Systems, as well as Wallet Solutions that comply with regulatory requirements. The award-winning solutions offered by ABT enable clients to benefit from a wide range of cutting-edge technologies to enhance operational efficiency, improve liquidity, and ensure compliance and control at the same time. The affiliate team of ABT offers liquidity providing capabilities in both traditional and digital exchanges across tokenized RWAs and their underlying assets, covering a wide range of assets, ranging from Securities Tokens to Commodities, such as Gold and Silver. ABT is a registered Market Maker with CME and EUREX. The affiliate team of ABT offers liquidity providing capabilities in both traditional and digital exchanges across tokenized RWAs and their underlying assets, covering a wide range of assets, ranging from Securities Tokens to Commodities, such as Gold and Silver. ABT is a registered Market Maker with CME and EUREX.ABT Tech Limited is the source of this information
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