HKEX to Launch Real-Time Virtual Asset Index Series, Strengthening Hong Kong’s Role in Global Digital Finance

Hong Kong Exchanges and Clearing (HKEX) has announced it will introduce a new virtual asset index series on November 15, marking a significant step in Hong Kong’s expansion into the digital asset arena. This move aligns with HKEX’s strategy to bolster Hong Kong’s status as a global financial hub, providing investors with enhanced tools to navigate the digital asset market confidently. HKEX CEO Bonnie Y Chan emphasized that the addition of real-time, transparent benchmarks will give investors a clearer perspective on asset performance, contributing to more informed decisions and supporting the growth of the virtual asset landscape in Hong Kong.

To ensure reliable administration and data integrity, HKEX has partnered with CCData, a London-based benchmark and data provider known for its expertise in virtual asset indices. As part of CoinDesk, CCData brings substantial experience to the table, lending credibility and structure to the indices. The virtual asset index series will feature specific reference indicators for Bitcoin (BTC) and Ether (ETH), establishing these as central points of data for digital assets.

Two main indicators will make up the series. First is a reference index, representing a 24-hour, volume-weighted spot price for Bitcoin and Ether. This metric will continuously reflect aggregated price data from top-rated exchanges, providing an accurate, U.S. dollar-denominated view of asset values in real time. Second, a reference rate will offer a snapshot of daily valuations, calculated each day at 4:00 p.m. Hong Kong time, which is particularly useful for financial product settlements tied to virtual asset values.

By launching this index series, HKEX is positioning itself to meet the growing demand for structured, reliable data in the virtual asset sector. This initiative not only benefits investors by enhancing decision-making tools but also reinforces Hong Kong’s ambitions to be at the forefront of financial innovation, especially as the global digital asset market continues to evolve.

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