Table of Contents
Eddid Financial said on March 30 that it had coordinated the issuance of what it described as Hong Kong's first silver real world asset tokenization project. The tokens have been deployed on-chain and the underlying silver placed under an independent trustee arrangement, according to the company's announcement. The project was initiated by Timeless Resources Holdings and its subsidiaries, with Eddid Securities and Futures acting as sole coordinator and placing agent. An earlier announcement on March 24 had previewed the launch.
Deal terms from the HKEX filing
The operational terms were already public. A Timeless filing on HKEX disclosed on March 23 that Silver Times Limited and Eddid Securities and Futures had entered into a best-efforts placing agreement for up to 40,000 tokens. Each token represents one troy ounce of silver, and the placing price is tied to the prevailing LBMA silver price immediately before completion. The offer is limited to professional investors under Hong Kong's Securities and Futures Ordinance and related Professional Investor Rules. Completion required an effective trust deed and the transfer of the full amount of physical silver for the placed tokens into the trust.
How the SFC engagement played out
The regulatory backdrop here is an existing supervisory process, not a new rule. Timeless told investors on November 4, 2025 that Eddid had made a formal submission to the Securities and Futures Commission seeking approval for the issuance. Timeless later said on January 7, 2026 that the SFC had "no further comments" on the tokenization of the silver assets and the proposed issuance. The transaction sits within Hong Kong's published tokenization framework, including the SFC's circular on intermediaries engaging in tokenized securities-related activities and its circular on tokenization of SFC-authorized investment products.
Infrastructure and prior history
The on-chain issuance runs on infrastructure from HashKey-linked entities, as described by HashKey Group. Timeless has a documented history of RWA project activity, with earlier filings covering related initiatives in August 2025 and September 2025.
Who this affects
The change is narrow but concrete. For issuers, the deal shows that a commodity-backed token can go from regulatory submission to executed placing and on-chain issuance under Hong Kong's current framework. For investors, access is limited to professional investors only. For intermediaries and infrastructure providers, the disclosed model relies on a placing agent, trust structure, custody, and blockchain support from HashKey, with no retail component.
