Hong Kong Stock Exchange Launches Asia’s First EU-Regulated Crypto Index, Offering Real-Time Benchmarks for Bitcoin and Ethereum
The Hong Kong Stock Exchange (HKEX) is set to make a landmark move on November 15 with the launch of Asia’s first EU-regulated cryptocurrency index. This new Virtual Asset Index Series will provide real-time benchmarks for Bitcoin and Ethereum, marking a major step toward integrating digital assets into traditional financial markets in Hong Kong.
Designed in compliance with the European Union’s strict regulatory standards, the index offers transparent and reliable price tracking for crypto assets. According to HKEX Group Chief Executive Peter Chan, the initiative addresses growing regional demand for digital assets and will give investors data-driven insights to support informed decision-making and foster market stability.
The index will calculate Bitcoin and Ethereum prices using a 24-hour volume-weighted benchmark, aggregating values from major global exchanges and updating daily at 4:00 p.m. Hong Kong time. Values will be presented in US dollars, aligning Hong Kong’s benchmarks with international standards.
Notably, HKEX’s crypto index is the first in Hong Kong to comply with the EU Benchmark Regulation (BMR), a framework developed to enhance the reliability of financial benchmarks after the 2008 financial crisis. This pioneering initiative further cements Hong Kong’s role as a leader in financial innovation, equipping investors with new tools to navigate the expanding digital asset landscape.
Featured image from: coinpaprika.com