币界网报道：Guangfa Securities, one of China's top investment banks, has launched GF Token, a digital asset tailored for institutional investors. The token, issued on a permissioned blockchain, aims to streamline securities transactions while complying with China's strict crypto regulations. GF Token will initially facilitate interbank repurchase agreements and bond transactions, with plans to expand into other financial instruments. The move marks a significant step in China's cautious embrace of blockchain technology for traditional finance, despite maintaining a ban on public cryptocurrencies. Guangfa emphasized that GF Token operates within existing financial frameworks and is not a cryptocurrency, differentiating it from decentralized assets. Industry analysts view this as part of China's broader strategy to develop regulated blockchain applications while maintaining control over financial markets. The token's launch comes as global financial institutions increasingly explore blockchain-based solutions for institutional trading.