A new chapter in asset tokenization is unfolding in Hong Kong as Timeless Resources Holdings (8028.HK), Eddid Financial, and HashKey Chain signed a memorandum of understanding (MOU) to develop the city’s first silver-backed real-world asset (RWA) token.
The initiative aims to issue “Silver Tokens” on HashKey Chain, an Ethereum Layer-2 blockchain launched by HashKey Group in late 2024. The project seeks to merge traditional precious metals trading with blockchain infrastructure, offering investors access to tokenized commodities under Hong Kong’s regulated framework.
Hong Kong, August 20, 2025 – Timeless Resources Holdings Limited (“Timeless”, Stock Code: https://t.co/TMUcyR2S6k), Eddid Financial’s subsidiary Eddid Securities and Futures, and HashKey Group’s HashKey Chain have signed a strategic cooperation memorandum of understanding (MOU). pic.twitter.com/qXQP6183dk
— Eddid Financial (@EddidFinancial) August 21, 2025
Under the agreement, Timeless will provide expertise in sourcing and managing the underlying silver assets. Eddid Financial, through its licensed brokerage subsidiary, will handle compliance and assist with securing necessary regulatory approvals. HashKey Chain will deliver the technical backbone, including documentation, infrastructure, and compliance support.
The Silver Token would represent Hong Kong’s first blockchain-based instrument tied directly to physical silver, lowering barriers to entry for retail and institutional investors alike. The move aligns with the growing momentum behind RWA tokenization, which has gained global traction as financial institutions explore tokenized bonds, money market funds, and commodities.
Timeless brings decades of experience in precious metals, while Eddid Financial is one of the first licensed brokerages in Hong Kong authorized for virtual asset trading. HashKey, a key player in Asia’s crypto sector, has built a regulated Web3 ecosystem spanning exchanges, asset management, and tokenization services.
The collaboration signals Hong Kong’s intent to position itself as a hub for compliant digital asset innovation. If launched, Silver Tokens would not only diversify crypto investment options but also mark a milestone in bridging blockchain finance with the $1.4 trillion global silver market.
The move also builds on Eddid Financial’s recent approval from the Securities and Futures Commission (SFC) to upgrade its in-kind subscription and redemption mechanism for digital asset spot exchange-traded funds (ETFs). The approval positions Eddid as one of the few firms in Hong Kong capable of bridging traditional markets with regulated crypto products.
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