The Hong Kong Stock Exchange (HKEX), the sixth-largest stock exchange in the world, announced that it will introduce a virtual asset index series on November 15. This new index aims to provide a unified reference price for Bitcoin (BTC) and Ethereum (ETH) during the Asian trading hours.
The index series will be the first of its kind in Hong Kong to comply with the EU Benchmark Regulation (BMR), ensuring transparency and standardization in pricing data. The initiative reflects the region’s growing push to legitimize and integrate digital assets within traditional financial markets.
The index will be jointly managed and calculated by CCData, a UK-based data provider known for offering high-quality digital asset market data.
Supporting Regional Growth in Digital Assets
The launch of the virtual asset index series marks a major step forward for Hong Kong in establishing itself as a leading hub for digital assets. With increasing institutional interest and regulatory clarity, the region is positioning itself to offer reliable benchmarks for virtual assets, tailored to Asia’s time zone.
HKEX’s move follows several other global efforts to provide regulated crypto benchmarks, offering investors a standardized way to monitor prices and manage risks in cryptocurrency markets.
Impact on Investors and Markets
By providing a real-time reference index for Bitcoin and Ethereum, HKEX aims to improve price discovery and market transparency for investors. The index will help fund managers and institutional investors with portfolio tracking, while also serving as a foundation for potential financial products tied to digital assets, such as ETFs and futures.
With the global focus on integrating virtual assets into traditional finance, HKEX’s new offering could serve as a key reference point for regional markets, further cementing Hong Kong’s role in shaping the future of finance.
